SAP Fraud Management

What Is SAP Fraud Management?

Fraud can be devastating to a business, leading to financial and legal consequences. Fraud management seeks to identify potential areas for fraud across business processes both internally and externally with partners. SAP Fraud Management looks at potential for fraud related to SAP customers. The SAP tool related to fraud management is called SAP Business Integrity Screening.

What Is SAP Fraud Management?

Governance, Risk, and Compliance (GRC) teams are often tasked with managing fraud, and they deploy many standard GRC strategies to deal with fraud risk. For example, they may put fraud controls into place as well as collect process and transactional data for fraud analysis. Fraud management often integrates into other areas of GRC, such as the broader Risk Management.

Tools for fraud management look to centralize fraud risk data and automate fraud screening and analysis. Fraud management tools may have the following capabilities, among others:

Exception detection and compliance checks
Detection strategy calibration
Exception-based scenario analysis
Business partner screening
Automated workflows and notification
Continuous Controls Monitoring (CCM)
Integrity screening.

Many risk detection and management tools also feature fraud capabilities. For example, Appsian Security’s threat detection and response solutions seek to identify fraud potential from transactional data. Similarly, Fastpath offers tools for risk quantification and transactional controls that can help manage fraud risks. A company like RSM can help organizations establish fraud management programs, including best practices for fraud prevention and detection.

Key Considerations for SAP Fraud Management

GRC and fraud management teams are stretched — in our most recent research into the state of the GRC market, we found they have more responsibility but aren’t growing along with that responsibility. The leading companies in our GRC research are utilizing automation to optimize their GRC resources. For fraud management, this could mean automating controls and detection.
Fraud risk analysis can also be done at the user access level. For example, Lundbeck implemented a Security Weaver tool for segregation of duties analysis to identify the potential for users to commit fraud. Consider how you can integrate fraud management across GRC and security functions.
Centralize your fraud risk data. You are monitoring areas throughout the business for fraud risk. To best manage that fraud risk, you need a single view of where fraud potential exists and which risk holds the most potential harm for the company. This can help your organization prioritize which threats need to be addressed most imminently.

- SAP HANA
Bill McDermott Leaves CEO Position at SAP: Impact for SAPinsiders

Published: 11/October/2019

Reading time: 4 mins

SAP CEO Bill McDermott announced yesterday that effective immediately he is stepping down from the helm of the German software company after nine years on the job. During his near-decade leading SAP, McDermott steered SAP in several significant ways. The company began its transition to its cloud, snapping up over $20 billion of acquisitions while…
- SAP S/4HANA Implementation
Simple Ways to Get Started on Your SAP S/4HANA Journey

Published: 31/October/2019

Reading time: 6 mins

Moving to SAP S/4HANA is the No. 1 project on the minds of SAP customers. As the 2025 deadline approaches, organizations find themselves at least in the evaluation and fact-finding stage of the project. SAPinsider had the opportunity to sit down with Sven Denecken, Senior Vice President of Product Management, Co-Innovation SAP S/4HANA at SAP…
- SAP ABAP
ABAP for the Modern Age

Published: 14/January/2016

Reading time: 15 mins

Some of the most significant innovations in SAP NetWeaver 7.5 — the latest iteration of SAP’s well-known technology and integration platform — are in the ABAP programming model. This article looks at a set of particularly useful features available with ABAP 7.5, including new ABAP language features for enabling more concise code and enhancements that…
- SAP Digital Transformation
Six Reasons Why You Should Attend the SAPinsider 2020 Conference in Las Vegas

Published: 12/January/2020

Reading time: 2 mins

Members of the SAP community are looking forward to a transformative 2020 which promises to be both an exhilerating and challenging time. As you weigh your business’ move to SAP S/4HANA, the Cloud, and emerging technologies such as Artificial Intelligence and Blockchain, SAPinsider is here for you as a trusted resource. If you don’t have…
- SAP S/4HANA Implementation
Trends in SAP S/4HANA Cloud Usage – A Benchmark Study

Published: 20/February/2020

Reading time: 2 mins

Even with the extension of mainstream maintenance for existing SAP ERP systems to 2027, the topic of SAP S/4HANA migration is still a critical one for most SAP ERP customers. This is not only because the migration process can require a significant time and resource investment, but also because many customers are now leveraging the…
- SAP GRC
Business Continuity Track at SAPinsider Virtual Event Features Strategies and Quick Wins from SAP and Partners

Published: 30/April/2020

Reading time: 5 mins

The economic disruption caused by COVID-19 has impacted organizations at all levels of their operations, creating a unique environment that makes business continuity uncertain and challenging. To address this world-wide experience SAPinsider will host a special track with SAP and partners at our 2020 virtual event to help businesses leverage SAP technology and best practices…
- SAP Executive Forum
Panel of Successful Women Leaders in the SAPinsider Community Discuss Diversity and Inclusion

Published: 18/August/2020

Reading time: 3 mins

Kicking off the SAPinsider 2020 conference, the opening keynote featured a powerhouse group of women leaders from the SAPinsider Community who addressed the importance of organizations creating a culture of inclusion and diversity. Read this blog to hear what these amazing leaders had to say on the topic.
- SAP SuccessFactors
SAPPHIRE NOW Human Resources Day Focuses on Employee Experience

Published: 07/July/2021

Reading time: 5 mins

By Craig Powers, Research Analyst, SAPinsider If you’ve ever been to Orlando for an in-person SAPPHIRE NOW event, you’ve experienced an intense week of meetings, sessions, major announcements, networking, and for many, a reunion. This experience has been greatly changed by the virtual nature of this year’s event, and while the usual way of engaging…
Members Who Inspire | Dr. Srinivas Bandi

Published: 20/December/2021

Reading time: 2 mins

Name: Dr. Srinivas Bandi Job Position: Vice-President and Global Head SAP Practice Company: Kellton Tech LinkedIn: https://www.linkedin.com/in/dr-srinivas-bandi-4195444/ Twitter: https://twitter.com/SRINUBANDI How did you first hear about SAPinsider? Two decades ago, when I started my career as an SAP FICO Consultant, I was vividly following SAPinsider and SAP FICO Expert Articles to gain knowledge from fellow consultants…
SAPinsider: Now Publishing Daily

Published: 14/March/2023

Reading time: 1 mins

SAPinsider is now publishing content daily on core topics like S/4HANA, BTP, and RISE with SAP. We will continue to address the most important themes of sustainability, security, automation, and transformation.