All You Need To Know About SAP GRC Module

SAP GRC Module

Data is a big issue faced by every business. Cybercrime has spiked and is only expected to grow. The University of Maryland predicts that a hacker attack occurs every 39 seconds. Naturally, the intensity of each attack varies, but it does not diminish the fact that it is a real threat faced by businesses all over the world.

For SAP users, the GRC module is one way to help lessen the chances and severity of a cyberthreat. The SAP GRC module enables businesses to better prepare against any potential flaws in the current security systems.

What is the SAP GRC Module?

SAP Governance, Risk, and Compliance (GRC) makes it simple for organizations to manage incoming regulations and compliance. It also plays a role in helping businesses minimize and eliminate risks faced by key operations.

Organizations are rapidly expanding and regulations are expanding just as fast. Without access to an easy compliance solution, organizations face a huge risk when faced with increasingly strict auditing guidelines.

SAP GRC consists of several modules that help organizations achieve different functions, which is what we are going to discuss below.

SAP GRC Access Control

Risk control is an essential function for any organization looking to mitigate risk. A common area of risk is unauthorized access, which is where SAP GRC Access Control (AC) comes in.

From a centralized dashboard, leaders can assign access based on employee status with the SAP AC module. With 85% of data breaches involving fraud, managing access is the cornerstone of achieving full access compliance.

SAP GRC Process Control

Another control within SAP GRC is the Process Control (PC) software solution. Process Control manages compliance and policy management within an organization. Design, testing, and monitoring features allow a business to stay compliant even as it grows, expands, and changes.

SAP GRC Risk Management

Risk management is another critical function that organizations face. The Risk Management module allows for advance planning to identify flaws and vulnerabilities within the business. Not only that, but the Risk Management module also allows for superior decision-making.

SAP GRC Risk Management targets different fields of risk, such as strategic risk, operational risk, and compliance risk.

SAP GRC Audit Management

This module documents actions, organizes work papers and presents full audit trails that can be presented to auditors. Global monitoring allows for better auditing of an organization and dramatically increases the chances of reaching and retaining compliance.

Conclusion

SAP the gold standard within many industries and it can transform your business. SAP GRC modules offer an all-inclusive solution for spotting flaws in a business. As the digital world becomes increasingly technology based, organizations owe it to themselves, and the people they serve, to ensure full compliance with data protection regulatory frameworks.

What are you doing to keep your business compliant?