SAP Process Control is a comprehensive application designed to automate and streamline internal control and compliance management processes. By providing continuous monitoring and real-time insights into control statuses and key issues, it enables organizations to enhance operational efficiency, reduce compliance risks, and ensure adherence to various regulatory requirements.
Key Features and Functionality:
- Unified Repository for Process Control Data: Centralizes multiple regulatory policies and compliance procedures, optimizing control assessment and testing activities.
- Streamlined Business Processes: Aligns internal controls and policies with business objectives and risks, overseeing key business processes and monitoring high transaction volumes in real time.
- Comprehensive Control Evaluations: Performs thorough control evaluations, manages the complete policy lifecycle, and streamlines issue management.
- Automated Workflows and Notifications: Reduces manual intervention and enables rapid responses to control exceptions by involving appropriate stakeholders in relevant tasks.
- Interactive Forms: Supports offline procedures with interactive forms for tasks such as testing and sign-offs, and facilitates the distribution of policies and surveys.
- Continuous Control Monitoring: Monitors data through scheduled processes or in real time, integrating with SAP and third-party systems using connectors, web services, or views from SAP HANA.
Primary Value and User Solutions:
SAP Process Control empowers organizations to proactively manage and mitigate compliance risks by automating control monitoring and testing. This leads to increased operational efficiency, real-time visibility into compliance processes, and improved adherence to various regulations, including anti-bribery and corruption laws, financial compliance standards, IT controls, and industry-specific requirements. By centralizing and automating these processes, businesses can confidently navigate complex regulatory landscapes and focus on their core operations.
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SAP Process Control CommunityOverview by
Pooja Cherivirala (Data Analyst)
