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%.
425 results
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Strategies to Leverage an SAP System Implementation for Reduced Cost of Compliance
Be sure your internal control structure is adequately designed during an SAP system implementation or upgrade. It can be expensive to redo this structure after the designed processes are in place, as an SAP system implementation is a major transformational activity involving organization-wide process changes. Key Concept Internal controls are an integral part of business…...…
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Live Q&A: Take the stress off your SAP Access Control 10.1 implementation
Get answers to your questions on SAP Access Control 10.1 implementations, from budget and personnel resources to common pain points and blueprinting best practices. Meet the panelist: Dylan Hack, Deloitte & Touche, LLP Dylan Hack is a Manager with Deloitte & Touche, LLP. He has 15 years of SAP project experience with global clients in…
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Continuous Controls Monitoring: A Cost-Effective Way to Ensure Compliance
Continuous controls monitoring (CCM) can help reduce compliance costs, strengthen the control environment, and reduce the risk of unintentional errors and fraud. Learn how using CCM in your GRC activities can improve business process operations in an efficient, cost-effective manner. Key Concept Automated continuous control monitoring (CCM) can provide a wealth of benefits to a…...…
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Reduce Costs in Compliance Management with a Top-Down, Risk-Based Scoping Approach
With the requirement of identifying and assessing the design and operating effectiveness of internal controls many companies have ended up producing too much documentation and performing more testing, resulting in increased costs of compliance. Regulatory agencies such as the US Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB) encourage companies to…...…
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Enhance the Compliance Process and Regulatory Reporting in Your Organization with Disclosure Survey
Kehinde Eseyin shows how implementing SAP Process Control 10.1’s disclosure survey in your business environment enhances transparency, documentation, and adherence to disclosure requirements. Key Concept Disclosure survey is a new type of survey in SAP Process Control 10.1 that is used to perform assessments at different entity levels – organization, control, and subprocess. The need…...…
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How to Achieve Speed, Control, and Compliance during an Entity Close Using SAP GRC 10.0
Learn how to use SAP GRC 10.0 to improve control and accountability while automating manual activities and providing centralized access to documents during a closing cycle. Key Concept An improved closing cycle benefits the entire organization. A truly successful closing cycle focuses first on control and accountability as a means to achieve acceleration, thereby empowering…...…
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Spotlight: The Four I’s of the Internal Audit Process
How an organization’s internal audit team assesses risk is a key concern of organizations, as evidenced by survey findings and reports by accounting industry groups. Steve Biskie, Managing Director at High Water Advisors, comments on this hot topic. The role that internal auditors have with regard to risk has come under scrutiny after several surveys…...…
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Audits got you down? Improve them with SAP Process Control
Resource constraints, business deadlines, and financial reporting can make managing and executing audits in a normal year challenging enough—let alone the disruptions of a global pandemic and sudden remote environments. It’s important for organizations to make audits more effective and reliable so that resources can focus on the business and critical controls that can impact…
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Creating and deploying automated controls in SAP Process Control
Are you taking full advantage of your SAP Process Control investment with automation? Attend this session to learn how to configure continuous control monitoring in SAP Process Control. Attendees will learn how to: - Define and test data sources to retrieve data from source systems using common sub-scenarios (reports, tables, queries, and so on) -…
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Creating and Modifying a SAPUI5 Custom Control
By Cord Jastram, Software Developer at DXC. SAPUI5 offers a large set of controls ranging from simple ones like the Label to complex controls like the PlanningCalendar control. The available set of SAPUI5 controls covers most use cases for SAPUI5, but sometimes the requirements for a developer go beyond the scope of the existing controls.…
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