This organization manages and regulates any risk that is associated with the key operations within an organization. Things are constantly changing and inaccurate reports and spreadsheets will not be accepted by auditors.
SAP will help regulate and review the following activities
· Easily integrate these activities into the existing practices
· Handle Risks
· Improve risk management task
· Manage fraud alerts
· Protect the values of a business
SAP has three main parts. It will analyze, manage, and monitor.
1. Access Control
This is risk control to make sure that the company complies. Process Control and Fraud Management
This is a software solution for this issue. A person will be able to control and monitor their online area and they can easily look at overall activities.
This will help a company improve its management practices and allow them to develop compliance in the management.
2. SAP Risk Management
This program will look at risky activities. This will allow them to identify the risk and make decisions to help reduce the risk.
There are many forms of risk including:
·
Strategic risk
Operational risk
· Compliance
· Financial
· Risk management
· SAP Audit Management
· This will help improve the audit management process and will help create and audit reports. This can be used with other management solutions and will help a business meet its goals
This will allow a user to:
· Track and manage audit issues
· Perform searches
· Use collaborative tools
· Easily integrate this software with existing programs
· Explore resolution tools
· Take up less time to perform allowing staff to focus on other things
· Formulate reports
· There are pre-established templates for the report formatting
3. SAP Fraud Management
This tool will help detect signs of fraud and help prevent them. Scans are performed in real-time and can easily identify fraudulent activities.
This program can help:
· Review documents
· Increase responsiveness of fraud in the system
· Scan high volumes of data
SAP Global Trade Services
· This will allow for international trade management and increase compliance with the different trade authorities.
· This will put all of the international trade information in an easy-to-read report.
SAP Capability
This will help analyze, manage, and monitor data. SAP GRC helps in reducing risks and increase compliance.
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