While striving to reap more benefits from sizeable investments in SAP technology, organizations must also operate in an internal control environment that manages transactional risk and complies with regulatory requirements. Confidentiality, integrity, and availability of data held within SAP business sytems is essential and requires an effective governance, risk, and compliance (GRC) program.
The GRC landscape is changing rapidly and the controls need to change along with it. KPMG recommends looking beyond traditional Sarbanes-Oxley-type controls and focusing on opportunities to improve operational efficiency—identifying and eliminating redundant processes, controls, and data environments across the enterprise. Through ambitious controls transformation, GRC cost and effectiveness can be brought into balance by improving the smartness of SAP controls, creating sustainable governance processes and integrating GRC technology adoption.
Learn in this paper about:
- the benefits of maturing the SAP controls model
- dos and don'ts for a successful controls transformation
- how one company remediated significant recurring audit issues and achieved significant cost savings in the execution of controls.