Pro's & Con's of SAP GRC Process Controls and Risk Management modules

[Former Member]

Hi,

Can somebody throw us a light on what are the Pro's & Con's of Process Control Module and Risk Management Module of GRC Suite?

Thanks in advance

Best Regards,

Srihari.K

[former_member196847]

Hi Srihari,

SAP BusinessObjects Process Control 3.0 includes enhancements in eight key areas. These enhancements allow you to:

- Drive efficiencies across multiple compliance initiatives such as FDA and SOX

- Use additional automated control tests

- Manage internal controls through Risk Management integration

- Enforce financial compliance

- Enforce operational compliance

- Improve decision making through better analytics and reporting

Risk Management's primary purpose is to improve the quality of decision-making. ERM provides management with the visibility to recognize the interdependency of risks, thereby decreasing the likelihood that the organization will be surprised by events that, in retrospect, could have been predicted.

Best Regards,

Jennifer

[former_member192417]

Hi Sri

The benefits of implementing PC and RM 3.0 is as follows:

Multiple Compliance Framework

(MCF) supported .

Operational Compliance supported with CAPA process.

Top-down Risk-based scoping capability .

Integration with Risk Management supported.

Robust Automated-Control Framework (ACF) for the Automated Controls .

Common shared master data with Master data change management.

As the master data is shared b/n PC and RM 3.0 user should be very careful while configuring the product.

Regards

Debraj