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Home Blog Technology 3 Major Benefits of SAP GRC
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3 Major Benefits of SAP GRC

  • July 25, 2021
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SAP GRC
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Aligning your business SAP environment with the GRC (governance, risk, & compliance) requirements is very important. It’s one area that is tough to manage, sustain and monitor on a regular basis. This is why SAP developed a GRC tool to ensure businesses are aligned with the governance and security standards.

Even for SAP consultants, it can be challenging to customize GRC tools based on various technicalities involved in the GRC process of a business. Businesses like Pathlock found here help clients navigate the software side of corporate compliance.

Let’s take a look at some of the major benefits of using SAP GRC in your organization:

  1. Table of Contents

      • Decreasing the Risk of Fraud
      • Implementing Organization Structure Governance:
      • Checking Master Data Governance:
    • Where does GRC fit in enterprise security strategy?

    Decreasing the Risk of Fraud

An important thing that each organization must do is to review certain events that might be suspicious or put the SAP system at higher risk. Such events are:

  • External IP logins & logins at an unusual day/time
  • Suspicious removal or addition of authorizations for a short duration
  • Not removing access on inactive users and/or dormant user accounts
  • Giving IT access to the non-IT employees

 

Although this list may seem obvious as ‘unusual’ activities, having the proper security strategy helps the security team to quickly identify these unusual activities and correct them to ensure the system isn’t exposed to any risks or potentially fraudulent activity.

  1. Implementing Organization Structure Governance:

When it comes to audits, despite an organization structure, software authorization isn’t always maintained. This can be corrected by implementing SAP GRC AC role management. Through the role management tool, organization mapping can be done quickly. It can also be much more easily maintained, further decreasing the lead-time needed to create an organization-level roles.

  1. Checking Master Data Governance:

Businesses today have a huge volume of unstructured & duplicate master data like customer, material, as well as vendor master data. Most business teams offer support in managing the master data. What many employees fail to realize is that incorrect data entry can lead to the re-work and could lead to fraud, since there are not any validations or checks. The manual process to maintain the master data generally leads to duplication and inconsistent data.

Various SAP solutions help organizations address these challenges with the partner solution that acts as the complete governance option for the vendor, material, as well as customer masters. There are also SAP solutions that help identify duplicate and inconsistent data to help correct and/or eliminate it.

Where does GRC fit in enterprise security strategy?

GRC applies to all departments, from strategic planning to operational management. From an IT point of view, GRC is one of the most important parts in achieving a solid IT infrastructure.

Governance for IT operations ensures different functions are performed as per the established policies and procedures by reviewing, monitoring, updating, and assessing functions, as required.

Managing risk is a very important element of IT management, particularly as cybersecurity threats increasing with our reliance on technology. Managing and identifying operational risks, vulnerabilities, and threats is perhaps the most important IT activity. Organizations should periodically be audited to ensure that they are compliant with various standards and regulations.

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