- SAP Managed Tags
As I am sure you are already well aware, if you want to be amongst the first to know what is new within SAP Risk and Assurance Management, all the information is just one click away in the dedicated section of the product Help Portal.
In these GRC Tuesdays blog, we take a different angle: we don’t provide an exhaustive list, instead, we just make a focus on certain capabilities that we think can spark your interest.
Working with Claudia Behrendt and Alain-Brieuc Gall from SAP Product Management, we have decided to highlight 2 new enhancements delivered recently in SAP Risk and Assurance Management:
- New integrated reporting dashboards in Enterprise SAP Analytics Cloud (SAC)
- Predicted Conclusions in the Issue Management and Remediation service
New integrated reporting dashboards in Enterprise SAP Analytics Cloud
By leveraging the SAP Analytics Cloud stories, users of SAP Risk and Assurance Management can significantly improve their master data compliance and risk management processes, leading to enhanced efficiency, reduced risks, and a more robust assurance framework.
To support this objective the team has released a new SAC story:
Risk & Assurance Management Cockpit
This new dashboard increases transparency for Compliance executives as it provides them with a cockpit-like experience with actionable insights derived from visual and comparative analysis of compliance data. It helps in identifying patterns, tracking performance over time, and prioritizing efforts effectively.
This comprehensive view enhances the organization’s ability to manage risks and assurance activities, ultimately leading to better compliance and operational excellence.
This SAP Analytics Cloud story includes the following visualisations:
Instant Overview
| Provides an immediate snapshot of compliance issues, organized by type and status, with visual charts that display trends over time. |
Efficiency Metrics
| Offers insights into average issue resolution times and year-to-year analysis, helping to identify process inefficiencies. |
Comparative Analysis
| Makes it easy to compare current performance and highlights long-term trends and deviations, facilitating informed decision-making. |
Controls Compliance Dashboard
And, in case you missed the information or simply forgot about it, allow me to refresh your memory: there is already another SAC story previously available: the Controls Compliance Dashboard.
With this dashboard, users to have a granular view of their compliance posture, ensuring that all necessary controls are in place and that data integrity is maintained. It helps them identify potential risks early and taking proactive measures to mitigate them, thereby enhancing overall operational efficiency and compliance readiness.
The SAP Analytics Cloud stories in this dashboard are based on information from the controls’ master data and associated run results:
Compliance Coverage
| Helps to understand the compliance coverage of controls, ensuring that all critical areas are adequately monitored. |
Master Data Completeness
| Assesses the completeness of master data across the controls, identifying any gaps or discrepancies that need attention. |
Data Hygiene
| Highlights data holes and orphaned data, facilitating timely data completion or clean-up efforts to maintain accuracy and relevance. |
Complementary Insights
| Complements the Fiori apps but provides additional, in-depth insights not available in the standard apps. |
Compliance Status
| Offers a comprehensive view of the compliance status of controls across organizations, processes, and regulations, with dedicated KPIs. |
Failure Analysis
| Shows which and how many controls fail at any given time and over time, across various dimensions, including automated and manual procedures. |
Predicted Conclusions in the Issue Management and Remediation service
Shifting gear from reporting to workflows, with decision support for issues with Machine Learning, organizations can benefit from predictive model to automate decision-making and speed up issue processing. The model uses historical decisions to predict outcomes for new issues.
Compliance specialists are often faced with numerous issues raised that they need to quickly review and categorize so that they are addressed in time by relevant stakeholders.
If this is a key aspect of their role – especially when new types of issues arise that would require expert review, many issues are quite “standard” and decisions can be streamlined by an intelligent engine: confirm the issue and assign it for remediation or close it as a false positive.
This is precisely what this capability offers: to serve as an enabler for further automation steps for issue processing.
Based on previous manual decisions for related issues, SAP Risk and Assurance Management can generate an automated conclusion and display its level of confidence:
More information
Should you be interested in drilling-down further here, then I would suggest the following links:
- What's New in SAP Risk and Assurance Management – the single source of truth for what has been released
- SAP Road Map Explorer – the single source of truth, but this time for what is planned to be released!
- Risk and Compliance Cockpit – for more granular details on this new SAP Analytics Cloud story
We hope this was useful. Keep an eye open for our next blogs in the What's New in SAP Risk and Assurance Management series. In the meantime, I look forward to reading your thoughts and comments on this blog.
And if you are interested in learning more about SAP solutions for Governance, Risk, and Compliance, feel free to fill-in the demo request form!
Bluesky| User | Count |
|---|---|
| 2 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 |
