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%.
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Introduction to Responsive Design in SAPUI5 and SAP Fiori
Ameya Pimpalgaonkar shows how to design responsive SAPUI5 or SAP Fiori applications. SAP Fiori uses the SAPUI5 framework and therefore all responsive design techniques used in SAPUI5 can also be used while developing custom SAP Fiori applications. Key Concept Responsive Design is an approach that enables you to develop Web sites or applications independent of...…
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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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Technical Considerations for Executing an SAPUI5 Project
Follow these best practices and tips outlined by Ameya Pimpalgaonkar if you are planning to execute an SAPUI5 project. See how an SAPUI5 project differs from a traditional project and why the design process is essential if you want to avoid technical errors. Key Concept It is essential that all SAPUI5 projects begin with a...…
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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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An Introduction to SAP Payroll Processing Control Center Add-On
Learn about the functionality of the new front-end interface of the SAP Payroll Processing, control center add-on tool, used by organizations to innovate their payroll processes by providing a new user experience for running payroll and resolving payroll issues. Learn the business reasons for implementing this functionality and learn about the different roles and responsibilities...…
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SAP Access Control Implementation: The Myths, Truths, and Tricks (Part 1)
Gain an understanding of supported and unsupported functionalities in the SAP Access Control system. See how to configure the system correctly to achieve your defined business requirements. Key Concept Myth often refers to certain assumptions or thoughts about the capability of a tool or product, either positive or negative, with or without an empirical basis...…
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Don’t Wait Until After Go-Live to Set Up Cross-Company Code Controlling
A wrong decision during the setup of your organizational structure can lead to a loss of functionality in logistics and controlling. You can avoid a costly reorganization of your database with cross-company code controlling. Hear about the pros and cons and learn the prerequisites for its configuration. Key Concept Organizational structure design is one of...…
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