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%.
1264 results
-
Create a Control Dashboard to Monitor Your Internal Controls
It is vital to track user exits to ensure the financial transparency of your company. The author introduces a programmable “control dashboard” that will enable you to recognize, document, and help audit the user exits in your company’s system. How many user exits are working in your R/3 environment? What is the objective of a...…
-
How to Migrate Your Current SAP BusinessObjects Access Control Deployment to Version 10.0
Version 10.0 of SAP BusinessObjects Access Control comes with a revised platform and runs on an SAP NetWeaver application server ABAP. If you want to upgrade your current implementation of SAP BusinessObjects Access Control you’ll need to migrate your data using export and import tools provided with the software. Learn how to plan a migration...…
-
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...…
-
Improve
Integrating home-grown warranty applications with your SAP system is a challenge. Your R/3 and ECC systems provide warranty functionality that, although not well known, is already well integrated with other SAP modules. Key Concept A warranty is a written guarantee or an agreement provided by a seller (a vendor, supplier, or manufacturer in SAP terminology)...…
-
Premium
Hershey Demonstrates the Strategic Value of Controls & Compliance
The Hershey Company’s move to SAP S/4HANA prompted a reassessment of its governance, risk, and compliance (GRC) strategy. As part of this review, Internal Audit (IA) resources were reviewed, restructured, and incorporated into the SAP S/4HANA project plan. The IA team employs an Agile implementation strategy to build controls into the process, evaluate performance, and…
-
How to Setup Demand Planning in SAP Advanced Planning and Optimization
SAP Advanced Planning and Optimization, demand planning allows a business to perform forecasting of their materials while considering all the factors that affect the demand. Demand planning is periodic and contains multi-step processes such as data gathering, statistical analysis, reviewing market intelligence reports, and performing adjustments against budgeted forecast to drive material requirements planning. SAP…
-
Set Up Intuitive and Automated Reporting Functionality with Crystal Reports
Discover a strategy for configuring and developing Crystal Reports for your organization’s SAP BusinessObjects GRC solutions, such as SAP BusinessObjects Process Control. Walk through key installation requirements and configuration steps for your SAP BusinessObjects GRC solutions related to the SAP BusinessObjects Enterprise server, and identify key configuration settings that need to be put into place....…
-
How to Manage Enterprise Risk in Remote and Digital Environments
As organizations migrate to SAP S/4HANA as part of their digital transformation effort, they should prioritize governance, risk, and compliance (GRC). The Institute of Internal Auditors (IIA) has developed a Three Lines Model to help with that journey. First-line roles include operation and support functions; second-line roles encompass corporate risk, compliance, and quality assurance functions;…
-
Manage Multiple Compliance Initiatives Using the Multicompliance Framework in SAP Process Control 10.0
Learn how different compliance initiatives can coexist within a central compliance management repository while harnessing existing master data. This leads to a more efficient regulatory adherence process. Key Concept Compliance initiatives are a set of regulations and legislations that an enterprise is expected to adhere to strictly in the process of conducting its business activities....…
-
Integrate SAP Access Control 10.0 with SAP ERP Human Capital Management
SAP Access Control 10.0 comes with a feature called HR Trigger. It can create a request automatically in the Access Request Management module owing to the changes in different fields (infotype and subtype) of SAP ERP Human Capital Management (SAP ERP HCM). Learn how to:• Configure SAP Access Control 10.0 to integrate with SAP ERP...…
Your request has been successfully sent