SAS Enterprise Governance, Risk and Compliance (GRC)

SAS Enterprise Governance, Risk and Compliance (GRC) is the solution on business management, risks and to control of compliance to the legislation. It represents the integrated platform for full and continuous risk management, control of observance of regulatory requirements and allows the organizations to keep track of dynamics of risks on the basis of the tendencies observed in different operating systems to modify policy at change of requirements of regulators, to represent a risk profile, consolidated within all enterprise.

Today, when the energy companies as a result of implementation of the transaction systems (ERP, CRM, the PCS and so forth) saved up a significant amount of various and often separate information, time of advanced analytics which application will help to solve important and various problems of the industry, such as decrease in cost value of generation, transfer and electric power distribution, decrease in number of unplanned repairs and equipment downtime and others came. Become effective since January 1, 2012. The federal law of December 3, 2011 N 382-FZ "About the state information system of fuel and energy complex" will allow to accumulate in addition huge information volumes, requiring the deep and operational analysis.

The energy companies during the activity face different types of risks: operational, credit, reputation and regulatory (connected with changes in the legislation from regulatory bodies, for example, by FAS). Therefore in risk management complex approach is so important. The organizations should learn to select the most important types of risks, to concentrate on smart management by them and at the same time to develop action plans on minimization of effects of these risks or methods of their prevention.

SAS Enterprise Governance Risk and Compliance (GRC) is the cornerstone the progressive management concept all types of risks. – Advantage of SAS Enterprise GRC consists that such approach allows to integrate risk management, business process management of the company and control of observance of requirements of regulators of the market and precepts of law. Successful implementations in Vattenfall, Centrica, Dominion and other large energy companies of the world showed that consolidation of all these components in the integrated software platform gives the chance significantly to increase enterprise performance.

If to consider risks separately, then the company will never have an overall picture, and it will not be able effectively to manage them. For example, if at you the situation with operational risks is better, but it is worse with strategic, then operational efficiency in general can suffer. Besides, many Russian extracting and overworking companies have own objects of generation of the electric power, i.e. a production part and objects of generation are connected directly. Let's add that in a number of regions such production is also city-forming: the companies make energy not only for production capacities, but also for service of the population. Therefore the task of risk management requires complex approach and integrated solution.

The example of implementation of integrated management of risks of the enterprise in Vattenfall company shows that solutions of SAS can effectively be applied as in the generation companies to determination of operational and production risks, and in the sales enterprises when along with risk management there is an opportunity more effectively to use technology of SAS for client analytics and demand forecasting.