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SAP - Process Control

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Monitor your SAP GRC Process Controls

AuditBOT Process Control helps organizations to manage their compliance processes more effectively. The objective of Process Control is to provide automated risk and control monitoring, testing and analytical capabilities across the entire enterprise and to improve the overall compliance program's effectiveness.

PROCESS CONTROL CHALLENGES

  • Businesses lose an estimated $3.5 billion annually to fraud and financial crime, according to the Association of Certified Fraud Examiners.

  • Process control is a key to improving efficiencies around business processes, enhancing visibility of business risks and increasing operational effectiveness in SAP system.

  • Lack of Process control lead to fraudulent postings in SAP systems resulting loss of revenue and higher compliance cost.

  • Manual adoption of Process control is a waste of human resources and time resulting in increased process compliance risk.

  • A Good Process control solution with successful implementation is a key to fight against financial fraud.

  • Process control solution from Leading vendors is very expensive these days.

AuditBOT SAP GRC Process Control Provides

Auditbot SAP License Management Tool Provides

  • Cost: Reduced costs by cutting down the resources required to control and address risk

  • Effective: Repeatable, cost-effective controls and testing

  • Visibility: Increased visibility of risk interdependencies

  • Effectiveness: Increased confidence in the design and operating effectiveness of controls

  • Framework: Sustainable, flexible, visible, automated controls framework

  • Risk Reduction: Systematic process for anticipating and controlling risk

AuditBOT SAP GRC Process Control Key Benefits.

  • 40+ process controls in various business modules.
  • Automatic alert notifications and report on master data, business transactions and SAP configuration changes or exceptions occur.
  • Reduced risk and cost across risk and control management objectives.
  • Increased strategic effectiveness through automated monitoring of risks and controls.
  • Increased transparency around business processes through consistent reporting on control status.
  • Automation of policy management

With better SAP Monitoring.

  • Reduce Organization's overall compliance cost.
  • 100% reduction on fraudulent postings from 40+ process controls resulting millions in savings.
  • Up to 25% guaranteed savings on external audit cost.
  • 50% reduction on Labor resources responsible for compliance.
  • Quick RoI within a year by detecting one fraudulent posting over a million dollar
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