Symmetry, a leading enterprise application management and cloud hosting solutions provider, today announced that it has been honored with a 2016 GRC Value Award in the domain of Automated and Continuous Controls by the GRC analyst firm GRC 20/20. The annual GRC Value Awards recognize real-world implementations for Governance, Risk and Compliance programs and processes that have returned significant and measurable value to an organization.
Symmetry was recognized for its ControlPanelGRC solution as implemented by Carlisle Construction Materials (CCM), a diversified manufacturer and supplier of building products for the commercial and residential construction markets. CCM offers sustainable, eco-friendly products that help reduce a building’s carbon footprint, and minimize its energy consumption and costs. CCM, a division of Carlisle Companies (NYSE:CSL), has annual revenues of $1.7 billion, employs over 2,400 people, and operates 24 plants in North America and five in Europe.
Symmetry’s ControlPanelGRC® is a powerful yet simple governance, risk and compliance (GRC) platform that automates compliance and audit-relevant tasks-achieving dramatic time and cost savings in the process. It features tools that address the major areas of SOX compliance at every level for SAP users, including those in heavily regulated industries.
Unlike other platforms, ControlPanelGRC® is built, implemented and supported by SAP® technology and compliance subject matter experts who have years of experience in deploying, managing, and auditing this mission critical environment.
According to the GRC Value Award case study, using ControlPanelGRC to automate compliance of their SAP environment, CCM was able to achieve both quantitative and qualitative measures of value as they pertain to the human and financial efficiencies. These include:
- Reduced SAP security consulting costs for a security remediation project by 80%.
- Reduced manual testing processes of SAP security roles by 85%.
- Reduced SAP security administration costs by 75% per year.
- Reduced external IT audit costs by an estimated 50% per year.
- Eliminated unmitigated SoD risks.
- Reduced over 3000 roles to 70 primary roles.
- CCM experienced time to value by condensing the implementation time to one week, and overall remediation project to less than 4 months.
- Reduced manual processes by eliminating hours of monthly reporting and audit preparation for multiple teams across the organization.
“GRC 20/20 has evaluated and verified the implementation of ControlPanelGRC at CCM and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility,” said Michael Rasmussen, Chief GRC Pundit for GRC 20/20 and internationally recognized expert. “Symmetry’s ControlPanelGRC has provided CCM with significant and rapid cost reductions for their internal auditors, external auditors, SAP security consultants, and SAP security administrators, while also providing an internal control structure that provides them with confidence going into their audits.”
“We are pleased to be recognized by GRC 20/20 for ControlPanelGRC’s ability to automate compliance in CCM’s highly complex SAP environment and deliver significant cost savings,” said Pete Stevenson, Chairman and CEO of Symmetry. “The award is further validation of our focus on bringing deep technical expertise and managed infrastructure solutions to organizations challenged with complex mission critical applications. Our goal always is to become a true extension of our customer’s organization, their business challenges become ours, and together we are able to achieve great success.”
With a growing emphasis on compliance, ControlPanelGRC® is an integral component of Symmetry’s solution portfolio, which features scalable and compliant SAP cloud and application management services along with a broad range of additional managed services including IT services, cyber-security, and ERP managed services.
Please click here to access GRC 20/20 Research’s case study document on the ControlPanelGRC solution for Carlisle Construction Materials. Additional info and details can also be found here at the GRC 20/20 website.
GRC 20/20 is the authority in understanding how organizations implement GRC practices that are effective, efficient and agile. Through independent research and industry interaction, GRC 20/20 advises the entire ecosystem of GRC roles within organizations, technology and knowledge solution providers, and professional service firms. Organizations engage GRC 20/20 when they need insight, guidance and advice in dealing with a dizzying array of disruptive issues, challenges, processes, information and technologies while trying to maintain control of a distributed and dynamic business environment. Visit GRC 20/20 at http://www.grc2020.com/ and follow on Twitter at @GRCPundit.