SAP Process Control – Achieve Effective Control and Ongoing Compliance: Product Demo

See how SAP Process Control helps you align compliance and internal control activities to key risks, regulations, and business processes. Learn how it delivers holistic and timely visibility through control evaluation and automation, continuous control monitoring, and world-class reporting and dashboard technology.

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    • SAP Process Control: Achieve effective control and ongoing compliance. This demonstration shows how SAP Process Control supports your compliance and internal control management programs, by helping you:
    • focus on critical regulatory requirements, risks, and business processes, get continuous insight into the status of compliance and controls, and improve compliance and business process quality at optimal cost.
    • Focus on critical regulatory requirements, risks, and business processes. Ian Robb is the chief compliance officer at CRG, an electronics manufacturing company.
    • Ian is traveling and wants to check the latest update of CRG’s overall control status, so he opens up the SAP Process Control application on his iPad.
    • The software gives Ian comprehensive reports and dashboards for a complete picture of the company’s control status across business units and key business processes,
    • whether he uses his desktop or his mobile device. He can navigate through compliance status views for the financial and operational regulations that apply to the company.
    • He can also review compliance information for the various regions and entities to quickly spot areas of concern, for example, in this geographic view.
    • Ian drills down further and finds out that the Americas region has a number of ineffective controls and outstanding issues. Later, on his desktop, Ian reviews the detail of a specific control that concerns him.
    • He has a holistic view of all the information attached to the control. He can navigate to the latest evaluation, test information, and any attached files or documents, plus related issues for that control.
    • Nancy Lee is an internal controls manager who is responsible for financial and operational compliance initiatives at CRG.
    • She needs to ensure that all current financial and operational compliance risks are mitigated through effective controls and policies.
    • Along with SAP Process Control, CRG also uses the SAP Risk Management application, so Nancy can review a risk heat map for the CRG finance organization.
    • The heat map shows the risk level for each financial field office. Looking at the most significant risks, Nancy can drill down to verify how they are mitigated, in particular, through policies and controls.
    • And, she can review whether mitigating controls are effective or not. Nancy can use the bow-tie builder in the software to get a graphical view of a particular risk.
    • The risk driver she’s checking is “excessive credit-extension demands” and the impact of this risk is “uncollectible accounts” that affect cash flow and can lead to financial losses.
    • But Nancy also sees that the risk has been mitigated by a control that monitors credit configurations.
    • Through the integration of SAP Risk Management and SAP Process Control, the company can focus its resources and prioritize controls to mitigate situations and avoid high impact risks.
    • Get continuous insight into the status of compliance and controls. Nancy wants to better understand the status of key business processes and controls for the UK field accounting office.
    • She looks into the supplier monitoring subprocess to check a specific control called “Monitor Suppliers’ Records.”
    • This critical control is automated and set up to be continuously monitored, to detect any deficiency that may appear.
    • SAP Process Control comes with predefined rules for automated monitoring and a rule framework, so users can quickly implement or create additional automated rules without programming knowledge.
    • The automation of controls in the software lets you detect exceptions in near-real time. Critical controls can be monitored continuously in both SAP ERP and non-SAP solutions.
    • Here, Nancy uses the automated control that monitors supplier records and sees that the software has identified exceptions.
    • With SAP Process Control, Nancy can use a single compliance and control management solution for continuous insight across the organization and different systems.
    • Improve compliance and business process quality at optimal cost. Fox Wilson is a tester for CRG’s accounting office in the UK.
    • He receives assignments via e-mail or on his mobile devices, since he is rarely in the office. Fox receives information about CRG’s new “Code of Business Conduct.”
    • All employees, including Fox, need to complete a survey to confirm their acceptance and understanding of the policy.
    • Fox submits his answers to the survey and they are automatically uploaded to policy management, where they are tracked and auditable.
    • SAP Process Control improves control and compliance processes at optimal cost, leveraging innovations like mobile apps for policy communication and acceptance.
    • Now Fox performs a control test: he accesses his e-mail inbox and opens the attached form with the test information.
    • This way, he can perform his test assignments without being connected to the company’s network or logging in to SAP Process Control. Fox documents the results of the test.
    • He can also review corresponding control details or regulatory requirements that the control supports, along with the risks that the control mitigates.
    • Everything he can see or do within the online test, he also can do within the offline test.
    • Fox found a procedural error in this accounts-receivables-aging control, so he marks the test as “fail” and reports an issue to the control owner.
    • He submits the test results and supporting evidence via e-mail, and they are imported into SAP Process Control automatically. The issue owner is notified automatically so a remediation plan can be implemented.
    • Following the testing cycles and remediation of any issues, Nancy reviews the control adequacy dashboard, and sees that the improvements in her regions have taken place quickly and efficiently.
    • With best practice workflows and other productivity tools in SAP Process Control, Nancy is confident that controls across the company are effective and administrative costs to achieve this are optimized.
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