SAP GRC NFE 10.0 - What's it all about ?

SAP GRC NFE 1.0 and  SAP GRC NFe 10.0                           

Not many people are aware of SAP GRC NFE-10.0 , Which is very well part of our SAP GRC Product suite. so an attempt to give some information about this product.

SAP GRC NFE released by SAP in the year of 2008, which  implements the requirements for Brazilian specific electronic invoicing scenario. It handles several communication interfaces between the company's ERP(s) system(s) and the relevant government systems; xml document handling; digital signatures for the xml documents with specific requirements from the government; B2B communication between business partners (suppliers and customers), among other functionality.

In Brazil, the NF-e project is part of a bigger government program called SPED (Sistema Público de Escrituração Digital, or Electronic Bookkeeping Public System), which is a nation wide project that intends to eliminate all (or most of) the current paper-based legal reporting activities, replacing them for electronic-based operations.

To know more about Brazilian NF-e project please visit 

http://www.nfe.fazenda.gov.br( Open this page in google chrome and you can translate this page to english) 

SAP GRC NFE 10.0 - Introduction 

 

In JUNE22,2012 SAP Has released SAP NFE 10.0 ,also its official full name has been changed to SAP Business Objects Electronic Invoicing for Brazil 10.0.  (SAP NFE 10.0)

So, now, the SAP GRC NFE solution is comprised two "modules":

SAP NFE, Outbound: the classic feature of SAP NFE, best of breed NF-e issuing system for SAP ERP customers in the market;

SAP NFE, Incoming: leveraging the NF-e capabilities in order to improve the procurement & logisitc process for the Brazilian customers.

            

" SAP GRC vs Other GRC Tools"

Last week when i was giving a seminar , there was a question from one of the audience that who all are the famous GRC vendors available in the market, then i asked him " What makes a software vendor’s product a GRC product?" , He started responding something, I asked him " how to differentiate among ERM, compliance applications and GRC "  the story went on....Later thought of compiling this list. 

What is GRC , What are all the GRC Products available in Market ? 

“Organizations are inundated with IT vendors claiming to have the answer for their risk and compliance problems. However, most of these vendors provide capabilities to meet only a single requirement or a handful of requirements and really are not a risk and compliance management vendor themselves. Real risk and compliance vendors provide a platform for documenting and overseeing risk and compliance across an organization.

 The fragmentation of the market and misleading terminology used in software vendors’ marketing makes it hard to identify “real” GRC vendors. For the moment the list below is based on companies mentioned in the Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance Management.

SAP
The German business software company provides a diverse GRC suite.

CA
The provider of IT management software released its GRC Manager in September 2007.

IBM
IBM sells mostly third-party tools together with its own GRC contents and procedures.

IDS Scheer
The GRC platform of IDS Scheer is architected around the ARIS Risk & Compliance Manager.

MetricStream ( Now PWC have JV with this company in GRC Space)
MetricStream offers comprehensive services for audit, compliance, risk and policy management on its enterprise GRC platform.

Paisley
Founded in 1995, Paisley is one of the leading GRC software vendors with its products “Paisley Enterprise GRC” and “GRC on Demand”.  In 2009 it was acquired by Thomson Reuters, combining GRC technology with Thomson Reuters business information.

Protiviti
The risk and internal audit consulting company also offers software along with its services.

Rsam
Rsam is the d.b.a name for Relational Security Corporation and was founded 2003.

Wolters Kluwer
The Dutch company offers GRC services leveraging self-built products. In July 2009 they acquired GRC software competitor Axentis.

Other vendors

Sword Achiever
“Sword Achiever” is a unified GRC management solution that covers many GRC relevant areas.

Archer Technologies
Archer provides enterprise risk management and compliance solutions centered around its SmartSuite Framework.

Axentis
Axentis Enterprise is a portfolio of integrated GRC applications built upon a shared foundation of software services. In July 2009 Axentis was acquired by Wolters Kluwer.

BI International
BI International offers GRC capabilities on its Aline platform.

BWise
Building on a strong business process management heritage, BWise covers GRC with a variety of software products.

DoubleCheck
The DoubleCheck™ GRC & Audit Platform provides all four elements of a complete Enterprise GRC solution: Audit Management, Compliance Management, Risk Management and Policy Management.

Cerrix
Cerrix, which is part of the Dutch Artena group, offers a large set of GRC solutions.

Cura
This young software producer (founded in 2001) specialises on software for GRC.

DoubleCheck
The DoubleCheck GRC&T Enterprise Solution is a risk centric set of key modules that bridge the material requirements of Controls Framework Compliance to GRC Management with Controls Testing administration.