SAP Process Control
What is SAP Process Control?
Companies need to ensure their activities are carried out following board-level directives and internal policies while complying with applicable regulations. That’s where internal controls come into play, and process control is a method that companies use to streamline and automate the monitoring of business processes. SAP Process Control, part of the SAP GRC suite, is one tool that many SAP customers use to ensure their business is operating in an efficient and compliant manner.
What is SAP Process Control?
Companies need to ensure their activities are carried out following board-level directives and internal policies while complying with applicable regulations. That’s where internal controls come into play, and process control is a method that companies use to streamline and automate the monitoring of business processes. SAP Process Control, part of the SAP GRC suite, is one tool that many SAP customers use to ensure their business is operating in an efficient and compliant manner.
SAP Process Control and similar tools offer the following capabilities, among others:
- Continuous controls monitoring (CCM), which automates the monitoring of process data.
- Single source of process control data, including internal procedures and compliance policies
- Business objective and risk alignment with controls
- Automated workflows and notifications for issue response
- Internal controls evaluation
Process Control is largely manual without a targeted solution. Automation with the help of technology enables faster response to efficiency and compliance issues, while reducing workload for GRC teams.
There are many vendors that provide services and products around process control. For example, Appsian Security’ssolutions offer attribute-based controls monitoring, continuous monitoring, and real-time process analytics. System integrators such as Capgemini, Deloitte, and Accenture assist customers with establishing process controls policies and implementing SAP Process Control and other software.
Key Considerations for SAPinsiders:
- CCM automation is an appealing piece of SAP Process Control for many SAP customers. For example, as part of an SAP Process Control implementation, Eli Lilly utilized CCM to help track the company’s controlled activities. This has helped increase transparency and efficiency in the controls process.
- Business partners need to be involved in SAP Process Control. Get out in front of the process with your business partners so you can inform and co-create, making them aware of control considerations that will impact their decisions. Challenge your current processes and leverage technology and external expertise to support adoption and behavior change. Asking questions like “what is your biggest pain point” and “how do we benchmark against our peers” is important.
- Hershey is using process control to measure process and adoption rates during its phased SAP S/4HANA implementation. This phased approach allows the company to understand what extent GRC is being leveraged. Using SAP Process Control, rationalization of manual controls is targeted at 35% and control automation is expected to increase from 20% to over 50%.
1266 results
-
How Shared Services Can Assist Finance Processes
Learn the software tools that can support shared service operating models. Identify which finance business processes could be redeployed or redesigned to work more effectively in a shared services environment, as supported by the SAP Shared Service Framework for Finance. Key Concept The shared service model enables companies to be efficient, transparent, and agile. Because...…
-
FI-CA or FI-AR: Which Module Best Fits Your Needs?
Although both Accounts Receivable (FI-AR) and Contract Accounts Receivable and Payable (FI-CA) track accounts receivable transactions, there are important differences between the two modules. The author compares your options and presents the benefits and drawbacks of each. Glossary A business partner is a customer within FI-CA. The business partner contains central data such as name,...…
-
How SAP HANA Fits Into BusinessObjects Landscapes
/HANAGain an understanding of the key differences between SAP HANA and traditional relational database systems in an SAP BusinessObjects environment, and learn how BusinessObjects has been optimized for SAP HANA. Key Concept SAP HANA is a multipurpose, data-source-agonistic, in-memory appliance that combines SAP software components optimized on hardware provided by SAP partners. SAP HANA provides...…
-
Moving Toward Data-Centric Designs with SAP HANA
/HANANow that most of the core SAP Business Suite applications have been enhanced to run on SAP HANA technology, many ABAP developers are left wondering how this transition might affect them in their day-to-day development tasks. This article shows how the advent of SAP HANA technology marks a return toward data-centric design principles. Key Concept...…
-
Reconcile Costing-Based CO-PA with FI and Generate Full Product-Level P&L Reports
Ashim Nanda explains how to reconcile costing-based Profitability Analysis (CO-PA) with FI using the G/L account as a characteristic. Key Concept SAP Profitability Analysis (CO-PA) supports two forms of profitability computation: costing based and account based. Account-based CO-PA reconciles with FI, whereas costing-based CO-PA has higher flexibility and computational capabilities that provide businesses with supporting...…
-
Key Things You Need to Know about SEPA
Become familiar with the current implementation status of the Single Euro Payments Area (SEPA) and the reasons for the suggested postponement of the regulation. Understand the main consequences of SEPA for companies doing business in Europe. Get an overview of the most important SEPA functions delivered within the SAP Financials system. Learn critical elements and...…
-
SAP EPM Big Data Use Cases
This article explores the concept of using Enterprise Performance Management—EPM—to drive big data use cases, primarily focused on integrated strategic, financial, and operational reporting, and analytic capabilities. These big data use cases demonstrate both the business and technical value necessary to justify investments in big data platforms such as SAP HANA. Key Concept Enterprise Performance...…
-
Cross Task List Monitoring in the SAP Closing Cockpit in ECC 6.0
Learn how to monitor the status of various tasks from multiple task lists in the SAP Closing Cockpit with SAP ERP Central Component (ECC) 6.0. Key Concept The Closing Cockpit is a standard SAP tool to monitor and control the entire period-end closing cycle. In this tool the templates are first defined and then the...…
-
How to Approach Time-Dependent Relationships in SAP NetWeaver BI
Modeling time-dependent objects in SAP NetWeaver BI can be challenging. Find out about alternate solutions, depending on the source data format. Key Concept Modeling time-dependent relationships is one of the most sophisticated but central topics in data modeling in SAP NetWeaver BI. The scenarios are complex (examples include sales reorganization or financial restatements) and difficult...…
-
Clarifying Issues Pertaining to SAP Bank Communication Management
Get answers to some questions about SAP Bank Communication Management that aren’t available in standard SAP documentation. Key Concept SAP Bank Communication Management is an SAP functionality used to process payments and bank statements. SAP Bank Communication Management is a functionality added to assist accounting, treasury, and accounts payable departments with better processing of incoming...…
Your request has been successfully sent