Run SAP Risk Management for Enterprise Risks in Life Sciences for Fast Business Value

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1 SAP Information Sheet SAP Solutions for Governance, Risk, and Compliance SAP Risk Management Quick Facts Run SAP Risk Management for Enterprise Risks in Life Sciences for Fast Business Value

2 Quick Facts Summary The SAP Risk Management application helps manage risks in life sciences from research and regulatory approval through product development, manufacturing, marketing, and delivery. It provides alerts, collaboration tools, and efficient risk responses for better risk management. Gain insight into how risks impact the performance of critical processes. Anticipate issues and meet fiduciary requirements, inspiring stakeholder and customer confidence. Rapid-deployment solutions are available to speed business value. Objectives Enable decision making that drives business value Improve visibility into cause-effect relationships between risk drivers and consequences Automate manual processes and speed up risk response Solution Efficiently monitor and respond to risks across the business Provide surveys and collaborative tools to engage management and drive continuous reliable information Manage compliance requirements with policy management Enable analysis and modeling of scenarios to understand exposures Monitor risk thresholds, response effectiveness, and corrective actions Benefits Reduced cost and time to value of risk management implementation Greater collaboration in risk identification and assessment Risk management aligned with business performance Learn more Contact your SAP representative for quickstart implementation offers, and visit us online at 2 / 4

3 Quick Facts Life sciences businesses must manage a complex, competitive, and costly product lifecycle where the risks of failure or losses exist at every stage (see the table on the next page). SAP Risk Management provides a consistent, efficient way to identify and manage enterprise risk throughout the lifecycle and across the business. Consistent, rigorous risk management prevents outdated, inconsistent risk information; avoids crisis-driven, reactive, and unreliable risk management processes; promotes collaboration and engagement of all staff; and drives down the cost of compliance. SAP Risk Management can be implemented with clear, predetermined costs and project timelines and can be scaled to meet your current and future needs. Risk management adds value when it creates insight a deep understanding of cause-andeffect relationships and how to influence them to add and preserve value. With sophisticated heat maps and risk dashboards, SAP Risk Management offers an award-winning bow-tie view of each risk. The bow-tie builder provides a graphical interface for users to profile each risk in the context of the value-driving activity or process it relates to, and to portray sometimes complex relationships between risk drivers, risk events, and impacts. It also allows risk responses to be created and assessed in the SAP Process Control application. 3 / 4

4 Quick Facts Examples of Life Sciences Objectives, Risks, and Industry Processes Sample Life Sciences Objectives Develop and manage products and services Market and sell products and services Deliver products and services Manage customer service Sample Life Sciences Risks Expiration of intellectual property rights Patent litigation Third-party manufacturing or marketing failures Failed R & D efforts Industry or generic competition Expiration of intellectual property rights Adverse outcome of litigation and investigations Healthcare reform Counterfeit products Delayed product launch Labeling errors Product safety Sample Life Sciences Processes Market analysis Competitive analysis New vehicle design and engineering Sourcing strategy Marketing, distribution, and channel strategy development Sales planning Order management Dealer management Procurement Manufacturing Industry logistics and warehousing Quality management Customer care Warranty management After-sales service 4 / 4 CMP28660 (13/12)

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