Loss Events & Incident Management Process

Service: driven by Finma / Basel / Solvency requirements usually imposed at financial services providers, or by the new COSO ERM framework (especially the „Event Identification“ Element), loss event (or: incident) management process can be implemented based on the SAP GRC Suite. The initial event capture can be done by anyone within the company and does not require additional licensing. Event Management process can be integrated with ICS or Risk Management, including the ISO27001 – based IT Security Management process.

Benefits: flexible easy to configure workflow engine; very extensive selection of standard reports starting from Management Dashboards down to detailed reports. benefiot from synergies in your GRC initiative by integrating the Loss / Incident Event management with your Risk or Controls Management. Take the full advantage of 5 GRC efficiency drivers: 1. Automation of manual processes,  2. Centralized Data and Access, 3. Standardized content and processes, 4. Exception – based activities, 5. Reporting with no manual consolidation efforts.