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Impacts of SAP GRC Automation

Dwayne Boucher by Dwayne Boucher
2023-04-18
in Business
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SAP GRC automation can have several impacts on your business. It can reduce costs, improve efficiency, enhance control, mitigate risk, and support regulatory compliance.

It can also make your operations more secure by monitoring systems for critical access violations and segregation of duties (SoD). By integrating these technologies, you can limit risks that could hurt your company.

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Increased Efficiency

SAP GRC software offers a range of modules that help organizations automate and streamline risk, compliance, and corporate governance processes. Those processes include user provisioning, role management, emergency access management, and periodic risk assessments.

Moreover, it also helps to mitigate risks as the organization grows. It includes ensuring that new employees are hired when necessary and that critical tasks are never delegated to inexperienced personnel.

In addition, SAP GRC also provides tools for preventing security breaches in ERP systems, such as monitoring emergencies and privileged or IT consultants’ access to production data. In such cases, a particular module can be implemented, called the EAM (Emergency Access Management).

Another essential benefit of SAP GRC is that it offers intelligent automation opportunities for SAP controls that may need to be appropriately implemented in the past. It includes mapping automated control configuration opportunities to control strengths, gaps, and improvements identified during an organization’s internal control assessment.

Less Fraud

GRC automation is a big step forward for companies that want to limit risk, particularly in SoD (Segregation of Duties), access, and security. It also allows subject-area experts to work with SAP in an easier and more business-friendly way than traditional interfaces.

One major automobile manufacturer that used SAP for ERP implemented a new authorization model. As a result, it was necessary to create a set of GRC controls tailored specifically to SAP for access management, governance, and compliance, as well as versatile reporting tools for upcoming IT audits.

Aside from managing superuser access, the SAP GRC Access Control module also helps monitor emergency and privileged access to production systems by consultants. All actions are tracked and monitored, with all the information available in readable logs for appropriate users.

The impact of SAP GRC automation is less fraud because it keeps track of activities and raises an alert when something seems amiss. As a result, it helps prevent malicious activity or unauthorized access and reduces the chance of data breaches affecting customer and employee data.

Reduced Risk

When a company implements a proper GRC framework, it can manage its confidential data according to internal standards and compliance regulations. As a result, it helps protect the organization from data breaches and misuse.

In addition, SAP GRC can help an organization identify and mitigate risks. It can also provide visibility into business challenges, compliance requirements, and legal obligations.

It allows an organization to proactively address them, improving decision-making and creating significant value throughout the enterprise.

For example, an organization with complex access authorization can automate designing superuser privilege management processes, access rules, and mitigation controls. Moreover, it can launch a training and awareness program and simplify system maintenance.

A manufacturer rolled out SAP GRC to automate emergency access management (EAM). This software enabled it to monitor consultants’ and other privileged or IT employees’ access to production systems.

Increased Compliance

Managing compliance and risk is one of the biggest challenges for many organizations, especially in global business. Companies are constantly pressured to adhere to complex rules and regulations in the ever-connected world.

Companies must automate processes as much as possible to meet these strict regulations. The SAP GRC software can be used to accomplish this.

This solution made it easier for the manufacturer to design superuser privilege management processes, access rules, and mitigation controls. It also helped to set up alerts and simplify system maintenance.

Automated processes can also reduce audit readiness by ensuring that the audit team has everything they need at their fingertips before the audit begins. It includes all the relevant information, such as supporting documentation and audit evidence.

Increased Visibility

GRC automation enables companies to keep up with changing regulations and compliance standards. It can help them quickly mitigate risk, saving money in fines and reputational damage.

GRC software also helps businesses to identify and monitor risks within ERP systems. As a result, it may aid in lowering the danger of fraud and data breaches.

With automated auditing tools, companies can easily detect and remediate security breaches across their system. It can also flag suspicious transactions and ensure that systems are configured and maintained by industry and government regulations.

For example, a company can use the SAP GRC access management solution to automate user provisioning, emergency access management, and periodic risk assessments. In addition, the tool offers a centralized request and approval process with integrations to HR systems to support the lifecycle of user access from hire to retirement.

These solutions, which form the basis of corporate operations, can give key stakeholders real-time visibility and free them up to concentrate on what matters. They also enable automation and help companies become more efficient, reduce costs, and manage third-party risks.

Tags: SAP GRC automation
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