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SAPInsider: Are Your Financial Controls Ready for SAP S/4HANA? Identify Financial Risk Before Implementation

As organizations are transforming their business with SAP S/4HANA, they’re reinventing business processes andTubeShot eliminating redundancies to focus more on exceptions and critical tasks, ultimately resulting in better decision making. But a key consideration must be the impact on financial controls and alignment not only with redefined business processes, but also with the next-generation technology that supports them. You should be asking the important questions: Are our financial controls ready for SAP S/4HANA? Are we pre¬pared for our next audit?

While you’re evaluating the impact on your risk and controls framework, you should also be searching for opportunities to add value and improve the business. Consider this: What if you were able to analyze months of past user activity to reveal financial and process risk exposure during blueprinting to eliminate trans¬fer of ineffective controls and risks to your new SAP S/4HANA system? And what if you could go live with automated, exception-based controls for continuous visibility of access risks across all users and all business processes? Now you can — with SAP HANA and Access Violation Management (AVM) by Pathlock.

Reduce Materialized Risks

A certain level of access risk is unavoidable — to eliminate it all would limit business productivity. Next-generation ERP systems will not change this, and controls will still be required to mitigate these risks. But for many compa¬nies, these controls are manually driven, time consum¬ing, and costly to enforce. And locating actual exceptions can be like searching for a needle in a haystack.

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