Mar
30
2016
By sappundit
SAP GRC Process Control (Process Control) is a solution for internal controls management that enables members of audit and internal controls teams to gain better visibility into key business processes and ensure a high level of reliability in financial statement reporting.
Process Control uses a controls-based approach to managing risk associated with business processes and to comply with Sec.404 of the Sarbanes-Oxley Act of 2002.
The solution extends value to key user segments such as audit managers, compliance managers and business process owners.
The four major capabilities of the solution are:
a. Control documentation
b. Control evaluation
c. Certification
d. Reporting and analysis