SAP Risk and Assurance Management Features

Identify employees or suppliers that are more likely to commit fraud.

Determine what risks are more likely to have a negative impact on financial transactions.

Deliver suggestions to optimize spend by limiting fraud and violations.

Automates the review of multiple types of financial transactions such as invoices, expenses, and contracts.

Determine potential financial risks such as fraud and price violations.

Align with internal policies and financial regulations to ensure compliance.

Analyze financial transactions and documents in multiple languages and currencies.

Anticipates needs and offers suggestions without prompting

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience

Engages in human-like conversation for task delegation

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Assembly of graphs and charts for visualizing and tracking statistics/metrics

Set up connections to third-party platforms to improve business processes

Create, design and manage workflows for repetitive tasks

Alter the layout and content of reports

Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges

Import and export data to and from software applications

Track and manage adherence to policies for any service, product, process, or supplier

Store, manage, and track all electronic documents in a centralized location

Creation, administration, and evaluation of assessments or tests

Use AI to generate content in the form of text, images, videos, etc.

Store and organize documents in a centralized system

Define levels of authorization for access to specific files or systems

Graphical representation of data

Identify and respond to unexpected problems or failures (ie. "negative events")

Securely stores data to prevent data loss or breaches

Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws

Active monitoring of systems, applications, or networks

A record of all activities within the system, including user access, changes made, etc.

A set of indicators that tracks the performance of networks, applications, systems, teams, etc.

Predict future data based on historical data sets

Creation and customization of dashboards

Gauge satisfaction and receive information for improvement and success

Store, manage and track all forms in a centralized location

Automated handling of non-compliant EDI transmissions.

Ability to track and store all vendor-related information, such as contacts, services offered, terms, etc.

Manage and track all disruptions and incidents

Create, manage, and track policies and procedures within an organization

Identify and assess hazards to ensure the well-being of employees, assets, and the environment

Notifying as a warning or reminder of a potential or imminent hazard

Initiate collection and analysis of known risks

Analyze potential risks across the organization

Tracking of various risk indicators including risk metrics, historic trending, metadata & more to gauge the organization's risk posture

Systematic evaluation of the security of a company's overall security system and situation

Manage risks related to IT systems

Scenario-based process that test the validity of business continuity plans and procedures.

Identify and analyse the reasons behind accidents

Manage risk that occurs from systems failure or inadequate processes