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SAP Fraud Management Release 1.1 SP02, powered by SAP HANA, has been released together with a new solution, SAP Audit Management, powered by SAP HANA, as of February 10, 2014.

SAP Fraud Management, in General Availability as of September, 2013, and SAP Audit Management, in General Availability as of February 10, 2014, share infrastructure and can use each other’s features. The solutions offer advanced HTML5 user interfaces that have been designed together with users for efficiency and user-friendliness. The lightweight infrastructure shared by the applications makes it possible to extend the applications, for example, to address customer-specific fraud scenarios with SAP Fraud Management. The ability of SAP HANA to offer real-time analysis of big data allows new approaches to assurance and compliance issues.

The two solutions belong for technical reasons to a new product, SAP Assurance and Compliance Software. In a previous version of this blog, this product was incorrectly accorded a higher status than it actually has. The product provides only a technical wrapper for the SAP Fraud Management and SAP Audit Management solutions. Installation and upgrade guides and installation components in the Service Marketplace and SAP Update Manager appear under the name SAP Assurance and Compliance Software. But the two solutions are usable separately or together and are searchable in SAP web sites under their own names as well as under the new product name.

The solutions of SAP Assurance and Compliance are integrated with the SAP Governance, Risk and Compliance Suite. SAP Fraud Management, for example, can create a corresponding ad-hoc issue in SAP GRC Process Control (GRC-PC) when an SAP Fraud Management alert is closed with the finding ‘Proven Alert’.

The solutions can be deployed on-premise as well as in the cloud.

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