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Enterprise Risk and Compliance for Two Tier ERP

Welcome to the Two Tier ERP Blog post for Finance. We will see the new scenarios and accelerators in Finance – Enterprise Risk and Compliance for Two Tier ERP which have come up with the latest offerings of SAP S/4HANA Cloud. If you missed our 2102 innovations in Two Tier ERP click here.

1. Central Privacy Governance

The use of personal information is strictly controlled by various regulations and privacy risks exist when this type of data is collected and processed.

Personal data in SAP applications must be protected according to the data protection laws. This is achieved by blocking and deleting data according to residence and retention rules. Residence rules are set to define the time for which data can stay in the database, after which it is archived. Retention rules are defined to store the archive files for a set amount of time, after which they can be destroyed.

As a supplement to manual governance, the scope item 3KX in SAP S/4HANA Cloud provides setup instructions to SAP BTP and enables the automatic detection of privacy risks for personal information and relevant documents, such as sales order, providing insights on regulatory reporting and proactive auditing.

Use Case: Detection of Sales Order which elapsed retention period

Demo: Creation and Execution of Work Packages

For details on what’s new in SAP Privacy Governance, click here Manual Procedures for Privacy Risks with 2105

2. Central Financial Compliance Management

With SAP Financial Compliance Management, the compliance manager defines controls and procedures to monitor financial operation processes and detect anomalies when connected to the SAP S/4HANA system.

Financial processes generate many documents daily. Aside from manual checking and review, this scope item enables continuous monitoring of transaction information and detects activities that may cause a financial loss. The results from these monitored processes provide insights for the financial process in a company.

Use cases are pre-delivered together with the SAP Financial Compliance Management solution. You can refer the Set-up Instruction of the scope item 3KY in SAP S/4HANA Cloud for how to set it up. They are used as a quick start of your business as well as for demo and education purpose.

Use Case: Check General Journal Entries Entered on Weekends

Demo: Process Issues

Detailed 2105 Demo of SAP Financial Compliance Management with SAP S/4HANA Cloud

Accelerators:

Two-Tier ERP Accelerators can be downloaded from best practice explorer and as shown in below screenshot.

Best Practice Explorer

For more information, check out the following links:

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