place because they don’t have to create them from scratch. SAP GRC Process
Control delivers automated controls monitoring for the following business
processes:
Reconcile to Report: The financial close process is extremely vulnerable
to errors and miscalculation, particularly if a company has multiple loca-
tions and financial applications. SAP GRC Process Control guards against
these risks by closely monitoring subledgers, general ledgers, and finan-
cial consolidations, while at the same time enabling companies to
reduce manual controls, streamline the financial close, and ensure the
accuracy of financial results.
Order to Cash:The order to cash business process concludes with rev-
enue recognition, making it vital that companies have the right controls
in place to prevent human error or intentional fraud. With SAP GRC
Process Control, companies can implement automated process control
monitoring to identify revenue leakage, improper shipping cut-offs, and
other potentially fraudulent activities. In doing so, companies ensure
control effectiveness and efficiency for their order management, inven-
tory, accounts receivable, and general ledger applications.
Procure to Pay: SAP GRC Process Control controls the efficiency and
efficacy of the purchasing, inventory, and accounts payable applications
by helping companies to enforce corporate procurement policies and
reduce spending on goods and services. Companies can monitor the
real-time status of procure-to-pay activities as they are processed by
multiple applications across the enterprise, giving them better visibility
into how transactions are affecting working capital. It helps them elimi-
nate duplicate vendor payments, lost discounts, and improperly valued
inventory.
End-to-end internal controls .............................................................
What are some of the other advantages of having end-to-end internal con-
trols? For one thing, internal and external auditors will be relieved of the
onerous task of sifting through hundreds of transactions. Instead, the system
will provide them with reports.
SAP GRC Process Control helps companies monitor controls across their IT
landscapes to ensure proper change management and to prevent risks from
being introduced into production environments. These controls help ensure
the integrity of enterprise system data, the reliability of application process-
ing, and the proper development and implementation of software.
138 Part II: Diving into GRC
