Financial Management Blog Posts by SAP

Nullcon 2023: Exploring the Cutting Edge of Cybersecurity- My Experience

Hey Folks, I'm Navya and I'm here to share my experiences on attending my first ever Conference! Nullcon, one of the most prestigious cybersecurity conferences in the world provides an extensive platform for the exchange of information and an impecc...

Empowering Women in Cybersecurity: My SWICS Journey

Introduction Think about a typical office day when your manager's email arrives in your inbox. But this email is no ordinary message it's an invitation to a new adventure. It marked the start of my journey with SWICS, particularly Cohort-3, unlocki...

GRC Tuesdays: In Risk Management, a Picture Is Worth a Thousand Words

To me, this adage fully applies to risk management where the complex situation and environment of a risk can more easily be grasped visually using dedicated graphical models like the bow tie representation. Indeed, I believe this type of representa...

Tips for delivering BPC Planning Embedded Model on BW4

SAP HANA Calculation views for delivering logic A real game changer for delivering logic that would traditionally be delivered mainly via BW Planning functions with special focus on the planning type = formula (FOX code) is the ability to use calcula...

Active Defense & Deception : 2023

I'm just back from AD&D: 2nd Edition. I mean, from the second occurence of the Active Defense & Deception workshop co-hosted with EuroS&P (what did you expect, you rolist geeks?). This year the workshop took place in Delft, Netherlands. We did the t...

GRC Tuesdays : Why I Love Risk Management… and I Think You Should As Well

The bottom line is pretty straight forward: it’s because risk management is not about preventing the business from progressing faster. It’s actually to help it thrive and take the right level of risk - the one that will support the achievement of th...

Is control signoff the Moon or the finger pointing to the Moon?

OK, so this is a ‘thinking aloud’ blog which could mean I am completely wrong, but here goes….. Smart organizations will invest in a strong internal control framework and program to run it. The types of internal controls may vary (e.g. financial, I...

Was ist Nachhaltigkeit und warum ist sie so wichtig? Ein Interview mit Glenn González, CTO SAP Deutschland

Unternehmen sind heute wie nie zuvor angehalten, verantwortungsvoll zu handeln – der Gesellschaft, den eigenen Mitarbeitenden und der Umwelt gegenüber. Frühzeitig und richtig auf Entwicklungen zu reagieren, ist wichtig. Das gilt auch für den Klimawa...

GRC Tuesdays: Good Use of Collaboration in Risk Management

I think we’ll all agree: risk management is about breaking silos. Indeed, an Enterprise Risk Management (ERM) program can only be efficient if it crosses departments and functions. If only one area of the organization successfully monitors and miti...

SAP Profitability and Performance Management (PaPM) – Handy Tips to Manage Performance

Introduction PaPM is a versatile application. Unlike many traditional SAP modules (like FICO) which runs based on configuration, PaPM works like building blocks. We can build the solution/environment in our own way for variety of business requirement...

Part II | First Impressions and Set-up for Success The Circular Economy & SAP Rural Sourcing Management: Pilot Project in Ghana

Welcome to part two of my experience working for SAP in my home country of Ghana, helping to support a sustainable future and ensure equitable wages for the country’s vulnerable groups. In Part 1, I introduced you to SAP Rural Source Management (RSM...

SAP PaPM Cloud: Calculation Workbook Formula

=SUMIFS(EXPECTED!E$83:E$104;EXPECTED!$C$83:$C$104;"405";EXPECTED!$D$83:$D$104;"10")+SUMIFS(EXPECTED!E$109:E$130;EXPECTED!$C$109:$C$130;"405";EXPECTED!$D$109:$D$130;"10")+SUMIFS(EXPECTED!E$136:E$157;EXPECTED!$C$136:$C$157;"405";EXPECTED!$D$136:$D$157...

The Circular Economy and SAP Rural Sourcing Management: Pilot Project in Ghana

Akwaaba (Welcome) to the Ghana SAP Rural Sourcing Management Pilot. My name is Bernice Appiah, and this is my first month in Accra, the capital of Ghana, West Africa working on an exciting project in support of Ghana’s many established circular econo...

SAP PaPM Cloud - Modeling Environment LifeCycle & Promotion

Hi Everyone, We are in the last leg of 2021, and I am back to hopefully answer some of your questions related to SAP Profitability and Performance Management Cloud (SAP PaPM Cloud) such as: "How many tenants shall we subscribe into?" "Shall we have ...

PSM-FM (Funds Management) tables are not being updated in S/4HANA

Dear All, Lately, I saw some companies facing the same so I decided to create this blog post to help whoever is experiencing the same. This information is valid for: customers that have PSM-FM (Funds Management) activated in the system (activ...

The End of Space Management as we Know it

Are you reading this blog from your office? Or are you taking advantage of the perks of remote working from home, a coffee shop, or perhaps the beach? Flex work is everybody’s darling Companies have been experimenting with flexible working models ...

SAP Profitability and Performance Management and SAP Profitability and Cost Management: notes from the regular user

Hello, a few words about me: I have started my work with SAP Profitability and Cost Management in 2010. Since then, I have worked with more than 20 SAP Profitability and Cost Management implementations (some of them were long term). Currently (during...

GRC Tuesdays: The Role of a Risk Committee

Remember the dinosaurs from your history books? Extinct, right? Well this is the way some companies are going because they focus all their efforts on looking backwards. And to me, this is precisely where Audit and Risk Committees have a crucial rol...

GRC Tuesdays: Is Business Continuity a Separate Activity?

During a breakfast event few months ago - back when it was still possible, I was having coffee with two security managers who were in charge of business continuity for their organizations: one was from the IT department and the other one was a busi...

GRC Tuesdays: We Wish You a Threat-Free Christmas and a Breachless New Year

Like last year, I’d like to finish this year’s GRC Tuesdays blog series on a lighter note! In 2019, we went over The Twelve Days of (GRC) Christmas so let’s stay on course and revisit an all-time classic for the season. Before we start, allow me to...

GRC Tuesdays: Mobile GRC – (R)Evolution or Hidden Danger?

I have been working in the Governance, Risk Management, and Compliance software area for close to 15 years now and I have been lucky to see the evolution of technological support for GRC processes. From offline fat clients for audit installed on ind...

New Normal – New Risks – New Workout

Why we need to build muscle memory in our home office Ever wondered why you are constantly tired and hungry since the pandemic began? The reason is all the “New” in 2020 and as old as humanity itself: human beings struggle with change because adaptin...

Nothing automates security faster than security culture

Major data leaks are on the rise and, as of Q1 of 2020, according to a recent report, there was a 273% increase in records exposed as compared to Q1 of 2019. How is that possible? Are attackers getting smart enough that they can circumvent even ...

GRC Tuesdays: What Should You Not Automate… Or Only With Great Caution!

I was recently asked a question by a customer that took me by surprise. Instead of asking what manual processes could be automated, this customer wanted to know instead which processes I would not recommend automating. I decided to take some time f...

GRC Tuesdays: Governance, Risk and Compliance, Taking Into Account Cultural Differences

Language and terminology is always a key starting point when companies decide to harmonize their risk and control process and break departmental silos. Having a standard set of definitions for what a risk is, what a control is, what different impac...

GRC Tuesdays: Is Risk Management Only for Big Companies?

Risk Management is for all companies! Not just large multinational organizations "Risk Management is only for big companies". Now there’s a sentence I have heard many, many times! I believe this assumption comes from the association that risk manage...

GRC Tuesdays: Cybersecurity & Data Protection – Securing the Digital Economy

Illustration: FortiGuard Labs Threat Map If the current health crisis that we are living with the spread of COVID-19 wasn’t enough, a recent report by Kaspersky Lab cited by ITWeb found a 10-fold increase in cyber-attacks in some regions with a “s...

GRC Tuesdays: In God We Trust, All the Others We Monitor!

Sorry to disappoint you, but no, NSA’s mission statement is not “In God We Trust, All the Others We Monitor” but something much less controversial, albeit more ambitious I find: “Defending our Nation. Securing the Future”. Regardless, I felt this ...

GRC Tuesdays: Can Internal Control be the Key to Longevity?

Back in the 1920s the average longevity of companies in the S&P 500 index was 67 years, compared to just 15 years in 2012, according to Professor Richard Foster from Yale. There’s much to bet that this has reduced even more since then. The questio...

GRC Tuesdays: Emerging Risks - Hic Sunt Dracones

Hic sunt dracones – or here be dragons – as inscribed on some historical maps for uncharted territories. Even if today it’s believed that this was not a widespread term, as once believed, it still resonates in people’s imagination for unexplored ar...

PRA Contractual Allocation 'Manual'-File Upload Guidelines

Introduction: US PRA (Production & Revenue Accounting) CA (contractual allocation) processing is critical prerequisite component of valuation, royalty and compliance reporting. Certain business requirements may necessitate usage of method ‘CA Manual...

Contractual Allocation 'Manual' Method For PRA

Introduction: This post describes the requirement, process steps and implications of using method ‘CA Manual Allocation’ for US PRA(Production & Revenue Accounting) Contractual allocation(CA). US PRA contractual allocation processing is critical pr...

GRC Tuesdays: What Are the Top Risks for 2020 and How to Better Involve All Stakeholders?

Predicting risks is sometimes more of an art than a science. And this blog isn’t about our current state of preparedness for a pandemic type of scenario like we are facing with the Coronavirus. Also, not being a Doctor, I am most certainly not qual...

Risk-Based…Well Everything Really!

Since I started working in GRC software, and actually even some time before when working on audit topics, a recurring concept has been risk-based auditing or similar denomination. The intent here is to focus the audit function on the riskiest part...

GRC Tuesdays: What Makes a Good Report Template?

Last week, I was in a discussion with our development team and the topic revolved around potential enhancements to the reporting that we include in our governance, risk and compliance (GRC) solution. One of the questions for which they seemed to be...

GRC Tuesdays: Risk Management Project – Where Do I Start?

Whenever I talk to customers who decide to embark on a risk management project, and wherever they are in the world, one question always kick starts the conversation: So, where do I start? As a matter of fact, when writing this post, I was kicking ...

GRC Tuesdays: The CISO is not the enemy!

A few days ago, I was having dinner with a friend who happens to be the CISO (Chief Information Security Officer) at a medium size software start-up. Whilst discussing how we report our actions to our management, he mentioned that he was asked ...

We are on the Right Way but Not There Yet

Cybersecurity is everyone’s business. Nevertheless, at the end of 2019, we (as well as the cybersecurity field in general) still have a lack of diversity in this vibrant field. By diversity, we mean all: cultural background, educational background,...

Using HS code in legal control checks for Imports/Exports

Why Tariff numbers in Legal Control? In this blog post, you will understand how Tariff numbers can be used in the SAP Global Trade Services (SAP GTS) Legal control solution. Sometimes, during the creation of Customs Declaration, the business users f...

If you really want to learn about a country, work there

The year 2019 has been a complete travel & learning experience for me. I was fortunate enough to travel to 3 countries - Malaysia , Philippines & United Arab Emirates. Each travel was a unique experience in terms of type of project work ,culture ,foo...

World Rugby Heads for the Clouds

New SAP ByDesign will make sure the upcoming Rugby World Cup is a hit! It’s going to be a big year for rugby fans. That’s because, as well as enjoying the usual action-packed fixtures calendar, November will see the Rugby World Cup taking place...

SAP Third-Party Integration Certification - Banking

Axxiome has established itself as a synonym for high value transformation services in banks, insurance and captive finance companies and extended its footprint to serve customers all over the world. The company strives to provide high value for custo...

EA-PS precisa estar no mesmo nível do SAP-APPL ou não?

Este post foi criado para facilitar o entendimento das pessoas que falam a Língua Portuguesa. This post was created to enable the understanding of the content for people that speaks Portuguese. O mesmo conteúdo pode ser encontrado em Inglês neste l...

EA-PS must be at the same level as SAP-APPL package or not?

Dear All, This post is useful for installations that use PSM-FM functionality (Funds Management). This functionality is available in transaction SFW5, where the ENTERPRISE_EXTENSION EA-PS is activated. Question: When you upgrade SAP-APPL you ...

Funds Management (PSM-FM) activation and deactivation

July, 12th 2017 - For the latest documentation about this topic, please read SAP Knowledge Base Article number 2503381. History FI-FM is the obsolete name for Funds Management (for old releases such as 30F, 40B, 46C). Now it is called ...

Pitfalls of EPM being finance driven

It is a no brainer that many top companies still struggle to get the right, accurate and timely information they need to make decisions. Few reasons why this is still a major problem: Content is trapped in organization silos - Let us take an exampl...

About time to share what I've learned...

This is my first SDN blog posting. This blog will primarily discuss enterprise performance management and two of the SAP BusinessObjects products that I am working with: SAP BusinessObjects Strategy Management, SAP BusinessObjects Spend Performanc...

Making Strategic Resolutions for 2010

As the year begins, many of us make New Year's Resolutions. Dieting and saving money are popular resolutions and most revolve around improving oneself; A new year and the possibilities of beginning something new. While you are in this frame of mind...