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When Cisco Systems Inc., the global leader in Internet networking systems, and SAP AG, the industry giant in business software, started releasing joint solutions–products of their recent partnership to develop an integrated “ecosystem” for automating governance, risk and compliance–there were audible sighs of relief in countless corporate IT and finance offices across the country. These folks, after all, have been confronted in the last few years with some 450 applications in the GRC space, designed to deal with the more than 114,000 government regulations that have been passed since 1990 dealing with governance and compliance. “It’s an IT nightmare right now, if you have to buy maybe 50of those applications, and make them all work together,” says Amit Chatterjee, SAP’s senior vice president of governance, risk and compliance. “We’re trying to make it so you invest in the technology only once, and you deal with all those regulations.”

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