DataNub experts through their industrial experience enabled a solution to avoid duplicate assessments in SAP GRC by enabling a feature in SAP Process Control.
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TABLE OF CONTENTS:
Key Takeaway
- Organizations which outsourced an activity to other subsidiaries can delegate the assessments of controls as well to subsidiaries and avoid duplicate assessments in their entities.
- The solution avoids duplication, improves efficiency, and saves times.
- It helps the organization to be compliance.
Challenges
- Organizations which work in different regional units might have outsourced few activities to other subsidiaries for various reasons. When it comes to control assessments as per the legal requirement both organizational units need to undergo assessments process which results in duplications & time-consuming efforts.
- The overall process resulted in more spending on resources and more data handling for global complacence team.
Initiative
- DataNub who are expert in SAP GRC process control provided a solution using the functionality of shared service to avoid duplication of assessments.
Solution
- The master data has been classified as provider and receivers, providers are those where work is actually happening and receivers are those who consume the work.
- The solution works in existing SAP PC framework, hence existing investments are well utilized.
- As the results are shared between provider and receiver, both are organizations reports shows the same results.
Benefits
- Fully Compliance with Government Regulation
- Seamless Financial Accounting
Next Steps
- Implement same solution in automated process.
Client remarks
We used the tool to make all our complex reports which takes months together in less than a daytime.
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