#SAP GRC Access Control

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Navigating the Future of GRC and Access Governance in SAP Ecosystems - ToggleNow

As organizations continue to navigate the complexities of Governance, Risk, and Compliance (GRC) and identity management, the need for streamlined and secure processes has never been greater. The future of GRC lies in integrating automation, AI, and advanced technologies that enhance data security, simplify compliance, and mitigate risks across SAP ecosystems.

Cloud-based solutions are emerging as a key enabler, offering businesses the scalability, flexibility, and agility needed to stay ahead in an increasingly digital landscape. By embracing these advancements, organizations can optimize their GRC processes, reduce operational overhead, and drive better business outcomes.

Read more: https://togglenow.com/blog/navigating-the-future-of-grc-and-access-governance-in-sap-ecosystems/

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10 tips to safeguard your critical business data in SAP systems

Secure your Critical Business Data

Security and risk are becoming increasingly challenging as businesses become more connected. It requires data sharing between different systems, applications, and enterprises.

According to Forrester, companies will double their budgets for data strategy over the next five years and according to Gartner, transparency and traceability are among the Top Ten Strategic Technology Trends for 2022. Smart spaces, they claim, will offer better business opportunities.

It was found in another recent report by Onapsis that between 50,000 and 100,000 organizations use SAP systems that are vulnerable. An example that made the world aware of the importance of data security is the case with the New Zealand government. An immense data breach in which firearms, addresses, and names of gun owners were exposed led SAP itself to apologize to the government. There was no hacking involved in the breach, but 66 dealers got access to sensitive information because of a change in user access given to dealers participating in the buyback scheme.

“Between 50,000 to 100,000 organizations use SAP systems that are vulnerable.”

Apparently, SAP is working on various solutions to increase the security of data. In addition, it reminds clients that security is a collaborative effort, and emphasizes the importance of proper system configuration.

The importance of security in SAP

Data breaches and ransomware attacks are on the rise, and the global pandemic presents new opportunities for cybercriminals. Many employees today access corporate resources through virtual private networks (VPNs). The shift to remote work has resulted in a more permissive VPN policy, which compromises corporate networks in an indirect way.

There is a need for IT security teams to accomplish more with less budget or with the same budget. It is part of their job responsibility to manage day-to-day IT and security operations, find and retain skilled security talent, identify and address security capability gaps, and maximize the return on investment (ROI).

Almost seven out of ten organizations do not place a high priority on securing their SAP systems. Considering the recent spike in cyber-attacks, it is essential to secure SAP systems. We have put together a list of 10 tips you can use immediately to secure your critical business data in SAP system.

1. Own it – Don’t blame

When a security breach occurs, who is responsible? A recent survey by Onapsis found that half of the respondents believe SAP is to blame for security breaches – not anyone within their own organization. Another 30% believe that no one is responsible. A small percentage of people believe that the CIO or CISO is responsible for a security breach.

50% blame SAP for security breaches

30% have no idea

20% say it is CIO/CISO’s responsibility

63% of C-Level executives underestimate the risks associated with insecure SAP applications

The dangers associated with insecure SAP applications are underestimated by 63% of C-level executives.

2. Regularly update the EHP & SPS

One of the most significant steps to staying secure is to keep your system up to date. Enhancement packages are delivered by SAP to deliver new innovations/functionality or “enhancements” to customers without disruption. Ensure you have the latest enhancement packs installed, and that you aren’t several versions behind. It is always risky to be a first adopter, but it is also imperative to avoid falling behind (n-1 is always recommended). Technology and computer security are constantly improving, so it is important to keep your system up to date with patches, fixes, updates, and enhancement packs.

As part of its Support Package Stacks, SAP releases periodic security solutions. The Support Package Stacks are patches for a given product that should be applied together. It is recommended that these stacks be applied at least once a year, and SAP specifies the maintenance schedule on its website. In addition, ToggleNow can help you identify your system’s most critical SPSs.

3. The Right SODs make a difference

As business processes rapidly evolve, employee roles and responsibilities are also changing. By establishing boundaries between roles assigned to an employee and conflicts of interest that may arise from the employee’s responsibilities, segregation of duties aims to reduce internal fraud risks. For example, one employee processes a PO while another verifies and approves it. This adds more control and prevents payments to ‘fake’ vendors.

It is becoming more common for mature organisations to look for ways to improve Segregation of Duties management while reducing costs. It is imperative for businesses to integrate an advanced, quick, and easy-to-install Access Management tool that fits with their systems. This will avoid conflicts after an employee’s role or tasks change.

This can be achieved either by implementing the SAP GRC Access Control solution or ToggleNow’s SoD Analysis solution for SAP. The SAP Security Assessment services provided by ToggleNow will identify the right solutions for your organization. Additionally, if you have SAP GRC implemented, explore the various SAP GRC services that are offered by us.

With the help of our SMEs, you will be able to implement the right separation of duties strategies and ensure that you comply with the various regulations and mandates.

4. Ensure the quality of your code

SAP systems typically have over 30 percent proprietary code, depending on the industry. Statistics indicate that one critical security defect occurs for every 1,000 lines of ABAP code.

It is possible that SAP system performance will be adversely affected. It is estimated that the average SAP system contains 2,151 risks, and 70% of enterprises fail to audit their ABAP custom code for compliance and security.

It is possible to simplify the security process for your code. It is no longer necessary for organizations to invest time, money, and manpower in major security projects. An analysis of your code beforehand will enable you to identify and prioritize any risks and issues before you begin an upgrade.

To ensure security, performance, maintainability, robustness, and compliance with ABAP standards, integrate coding and quality assurance into a single activity.

Finally, you should only keep the custom code you need. It introduces unnecessary risks and increases the amount of effort needed for unnecessary code corrections when redundant unused custom code is used.

Wondering how to handle the situation? Here is a solution – SAP Solution Manager CCLM is a fantastic solution that addresses the majority of these requirements. Refer to this blog

5. Implement SAP Solution Manager – Security Optimization Service (SOS)

We are often asked by clients what tools are available to check the security of SAP systems? Additionally, to Early Watch Alert (EWA), SAP Solution Manager (SOLMAN) has a Security Optimization Service (SOS) report that focuses on security.

Security Optimization Service for the SAP NetWeaver Application Server ABAP checks the security of your SAP system(s) and perform the following checks:

• Basis administration check • User management check • Super users check • Password check • Spool and printer authorization check • Background authorization check • Batch input authorization check • Transport control authorization check • Role management authorization check • Profile parameter check • SAP GUI Single Sign-On (SSO) check • Certificate Single Sign-On (SSO) check • External authentication check

You’ll need the latest version of SOLMAN and the latest support pack to set this up. The managed system must also be configured and setup in SOLMAN without any errors and the instance is correctly defined in LMDB. (Status Green). Additionally, the OS collector must be running on your target instances and database.

It is important, however, to answer the following before setting up the SOS:

• Does your organization have the capacity to manually review those reports and act on each recommendation? • It is set correctly so that your team has ample time to review and act on the reports.

Read ToggleNow’s success story on this subject. We have implemented Solution Manager 7.2 for one of our clients who is a leading refractory company in India since 1958.

6. Regular health checks keep the system healthy

Yes, you heard that right. Humans and systems alike benefit from regular health checks. Ponemon Institute reports that organizations lack visibility “into the security of SAP applications and lack the expertise to detect, prevent, and respond to cyberattacks quickly.”

Early detection is the key to staying healthy or secure. A frequent ERP system check helps you get a comprehensive picture of your ERP landscape before making changes and identifying areas for improvement. This is just like healthy people need annual checkups and preventative medicine to stay healthy and detect problems early. Regular health checkups can identify security gaps. Additionally, EWA and SOS reports provide an in-depth analysis of the system. According to experts’ recommendations, SAP Solution Manager must be configured to support these modules.

7. Implement an Antivirus scan

How confident are you that the documents attached in SAP are virus-free? A vulnerable code might be included in a file your users use/attach in SAP, allowing hackers to gain access.

If you use SAP software, you should use a virus scanner to protect against computer viruses, and SAP recommends this. However, SAP does not investigate, recommend, or release antivirus software as part of its server product validation program.

Many anti-virus software packages protect your SAP deployments using Deep Security, protecting critical information from threats such as malware, cross-site scripting, and SQL injections.

A Virus Scan Adapter (VSA) must be installed on the host before a Deep Security scan can be performed. SAP note 2081108 explains how to set up and configure the VSA system and SAP note 1494278 provides a list of the AV products that are supported.

Additionally, SAP administrators can define the types of documents that are allowed based on various policies. After selecting the right AV product, this can be determined.

8. Implement re-certification processes

Reviews of dormant IDs and dormant roles make a great start. Regularly reviewing the user IDs and deactivating those that are no longer needed is always recommended. This will not only increase the application’s security but also reduce licensing costs. If you already have an SOP in place and are still performing this activity manually, here is a solution for you. ToggleNow’s UserSentry automates both dormant ID review and Role review by taking the appropriate action according to defined rules. Thus, you can comply with a critical audit requirement.

9. Implement additional Security measures

In addition, we recommend that additional security measures be implemented. Back then, experts used to advise setting up complex password policies like keeping password lengths between 8-12 characters and forcing users to change their passwords frequently. Keeping strong passwords alone is no longer sufficient considering technological advancements.

It is recommended to implement additional security measures such as 2-factor authentication (2FA) or multifactor authentication (MFA), validating a user’s machine ID (aka mac ID) at log-in, and adding geofencing validations, verifying the availability of anti-virus software, checking the firewall status, etc. All these features are included in ToggleNow’s UserSentry application, which helps next-generation enterprises implement them quickly.

10. Transform your business with digital technology

The waterfall era has ended. Agility has won. By embracing digital transformation and getting fast and frequent feedback, organizations can respond quickly to critical security issues. By doing this, security issues aren’t ignored, and crises can be averted. If you are worried about the Subject matter expertise and resource availability, ToggleNow can step in and take over this critical piece. The FourEdge Service offering is a great reliever for many organizations that are seeking to start their GRC transformation journey. Remember to be in the race, or else your competitors will take over.

These are the best tips to secure your critical business data in SAP systems. Talk to our SMEs today and leave rest on us for your business data security.

Read More: https://togglenow.com/blog/secure-your-critical-business-data/

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When to Redesign SAP Roles: During ECC or Post-Migration to S/4HANA or Rise with SAP

Migrating to SAP S/4HANA or adopting RISE/GROW with SAP is a strategic milestone for organizations aiming to modernize their ERP landscape. However, one critical consideration often overlooked during these transitions is the redesign of SAP roles. The timing of this redesign can significantly influence the success of the migration and the overall efficiency. Should you redesign roles during the ECC phase or wait until after the migration to S/4HANA? This blog explores the key factors driving this decision and introduces the S.M.A.R.T framework—a modern approach to SAP role redesign that ensures compliance, efficiency, and business alignment.

Understanding the Need for Role Redesign

SAP roles are pivotal in defining user access, ensuring compliance, and maintaining operational efficiency. Over time, roles in ECC systems often become bloated with unused authorizations or misaligned with current business needs. This can lead to:

Compliance Risks: Excessive authorizations increase the risk of segregation of duties (SoD) violations.

Migration Complications: Legacy roles with redundancies can complicate the migration process to S/4HANA.

Operational Costs: Since the licensing model is based on assignment and not by usage in S/4HANA and RISE, you may need to procure more licenses than required.

A role redesign ensures clean, streamlined, and compliant access structures, setting the stage for a smooth transition and efficient system post-migration.

ls.ECC vs. S/4HANA: When to Redesign Roles?

Aspect

Redesign During ECC

Redesign Post-Migration to S/4HANA

Compliance

Proactively addresses SoD conflicts and access risks.

Allows compliance alignment with new functionalities post-migration.

Migration Complexity

Simplifies migration with clean and optimized roles.

Reduces redundant effort, focusing only on relevant roles in the new system

Alignment with New Features

May require rework later to incorporate S/4HANA-specific functionalities.

Ensures roles are tailored to new modules, Fiori apps, and processes.

Timeline and Resources

Increases project timelines due to pre-migration workload.

Defers redesign efforts, potentially affecting initial system efficiency.

Business Process Analysis

Limited to existing ECC processes, with potential misalignment after migration.

Better aligned with current and optimized business processes in S/4HANA.

Redesigning SAP Roles with RISE with SAP

If you are moving to RISE with SAP, it is advisable to conduct a complete role redesign during the ECC phase. Once the migration is complete, perform a retrofit to align roles with the cloud-specific requirements introduced by RISE. This approach addresses the unique security, integration, and scalability considerations of a cloud-oriented transformation. You might have many questions at this juncture – What is the best approach? Which tools must be considered? Are there any accelerators that can be used? Can we use stock ready/ready to deploy role structures?

Challenges with Stock Ready Rulesets

Many system integrators offer pre-packaged or stock-ready rulesets as part of their role redesign services. While these rulesets might appear to save time and effort, they often come with significant challenges, making them unsuitable for many businesses. Here’s why the stock-ready approach is not recommended:

Lack of Customization: Stock-ready rulesets are designed to be generic and may not align with the specific needs of your industry or business processes. This can result in inadequate or excessive authorizations.

Compliance Risks: These pre-packaged rulesets may not fully address industry-specific compliance requirements, leaving gaps that could lead to audit findings or regulatory penalties.

Misalignment with Business Processes: Every organization has unique workflows and processes. Stock-ready rulesets may not account for these nuances, leading to inefficiencies and user frustrations.

Post-Implementation Challenges: Organizations often need to spend additional time and resources customizing these rulesets post-implementation, negating the perceived benefits of a quick deployment.

Instead of relying on stock-ready rulesets, organizations should invest in a tailored role redesign approach. This ensures that roles are aligned with specific business processes, compliance requirements, and future scalability needs, delivering long-term value and efficiency. This is where S.M.A.R.T approach/framework can be a life saver.

The S.M.A.R.T Role Redesign Framework

At ToggleNow, we leverage the S.M.A.R.T framework for SAP role redesign. This approach ensures that roles are:

Simplified: Designed to reduce complexity while maintaining operational effectiveness.

Mitigated for Risks: Focused on eliminating SoD conflicts and maintaining regulatory compliance.

Aligned with Business Tasks: Task-based roles ensure that access permissions directly support specific workflows.

Responsive to Change: Built to adapt seamlessly to future business or technical changes.

Transparent and Optimized: Designed with a focus on license optimization to eliminate unnecessary expenditures.

This framework delivers roles that are not only secure but also cost-effective and easy to manage

ToggleNow Advantage

ToggleNow brings a unique value proposition to SAP role redesign initiatives, ensuring a seamless and efficient process tailored to your business needs. Here’s why we stand out:

Customized Solutions: Unlike stock-ready rulesets, ToggleNow develops tailored role designs aligned with your specific business processes, compliance requirements, and industry standards.

Deep Expertise: With extensive experience in SAP role redesign, ToggleNow combines technical proficiency with a deep understanding of regulatory compliance and security best practices.

Innovative Tools:ToggleNow leverages proprietary tools such as Verity, Optimus and accelerators such as xPedite to streamline role redesign, risk analysis, and validation, ensuring faster project delivery.

Focus on Scalability:Our approach ensures that the roles we design are not only compliant and efficient but also scalable, adapting to your future business growth.

Proven Track Record:Trusted by leading organizations, ToggleNow has successfully delivered role redesign projects across diverse industries, enabling smoother migrations and enhanced system performance.

By partnering with ToggleNow, organizations can confidently navigate their SAP transitions, optimizing roles to drive operational excellence and long-term success.

Conclusion

The decision to redesign SAP roles during ECC or post-migration to S/4HANA or RISE with SAP depends on your organization’s priorities, resources, and timeline. Redesigning during ECC can simplify the migration process, while post-migration redesign allows alignment with new functionalities. For RISE with SAP, role redesign becomes even more critical to address cloud-specific requirements.

Moreover, organizations should avoid the pitfalls of stock-ready rulesets and opt for a customized approach that aligns with their unique requirements. By investing in a well-planned redesign, organizations can unlock the full potential of SAP S/4HANA or RISE with SAP, driving operational excellence and business growth.

Read more: https://togglenow.com/blog/redesign-sap-roles-ecc-or-s-4hana/

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ToggleNow Offerings In SAP | Toggle Now

What we offer?

Implementation: ToggleNow possesses over 200 years of combined expertise in implementing SAP Access Control. Our consultants bring invaluable experience in executing greenfield, brownfield, or Hybrid projects. With a rich background in implementing various components such as Access Risk Analysis, Emergency Access Management, Business Role Management, Access Request Management, SOD Review, User Access Review, and Firefighter Reviews, our team is well-versed in diverse facets of SAP Access Control. 

Upgrades: At ToggleNow, we specialize in seamless transitions and tailored solutions that maximize the potential of your GRC platform. Our seasoned professionals bring in- depth knowledge across various versions, ensuring a meticulous upgrade process that fortifies your system against evolving threats while minimizing disruptions to your operations. 

Innovation & Enhancements: With our extensive experience, ToggleNow team has successfully implemented numerous enhancements, including customized Ruleset configurations, fine-tuning MSMP & BRF+ workflows, and seamless integrations with leading HR applications such as Workday, SuccessFactors, Darwin box, and others. Our expertise extends to delivering robust automations through tailored customization points, significantly reducing dependency on manual processes and elevating the quality of deliverables.

Support: Rely on us for expert SAP Access Control support tailored to your needs. Our dedicated team offers round-the-clock assistance in troubleshooting, configuration optimization, and ensuring compliance. From ongoing maintenance to user provisioning and risk monitoring, we cover every aspect to keep your GRC systems running smoothly. With in-depth expertise across SAP GRC versions, we provide proactive guidance and swift resolutions to maintain system integrity.

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Why SAP global certification is the Best program for career growth & global job opportunity?

What is SAP? SAP is System Application and Products in Data processing. Nowadays having a proper certification can significantly boost ones career and open doors for global job opportunities. One such leading programs is SAP which provides enterprise software solutions. SAP software is an European multinational company, they focus on providing software solutions for better understanding and management of business and their customers.

Some of the comprehensive courses provided by SAP are finance, logistics, human resources and many more. The course certification is acknowledged on global basis.

One of the key advantages of the SAP global certification program is its recognition worldwide. With over 400,000 customers in more than 180 countries using SAP solutions, there is a high demand for professionals with SAP skills across the globe .This opens up a plethora of job opportunities on a global scale.

Benefits of SAP courses

Streamlined Processes: SAP helps organizations streamline their business processes by automating tasks, eliminating the manual effort, and reducing inefficiencies.

Enhanced Decision-Making: the course provides robust data management and analytics capabilities, enabling organizations to access real-time, accurate information.

Improved Collaboration and Communication: It enables the seamless integration and data exchange between different functional areas, enhancing cross-functional collaboration and teamwork.

Increased Visibility and Control: SAP offers comprehensive visibility into organizational data, processes, and operations.

Scalability and Flexibility: SAP solutions are scalable and flexible, accommodating the changing needs and growth of organizations.

Enhanced Customer Experience: SAP's customer relationship management (CRM) solutions enable organizations to deliver a personalized and exceptional customer experience.

Improved Supply Chain Management: It enables organizations to improve demand planning, inventory management, procurement, and logistics, resulting in reduced costs, improved order fulfillment, and better customer satisfaction.

Compliance and Risk Management:  It provides functionalities for governance, risk management, and compliance (GRC), helping organizations mitigate risks, ensure data security, and demonstrate compliance with legal and industry regulations.

Innovation and Digital Transformation: SAP embraces emerging technologies and drives innovation to support organizations in their digital transformation journey.

As multinational companies expand their operations across borders, they require professionals who can support and manage their SAP software system worldwide. This opens up many possibilities for career growth in international work experiences and also being an SAP certified professional it can also lead to higher earning potential, individuals with an SAP certificates tend to earn more as compared to their non-certified counterparts. This financial incentive further emphasizes the value of investing in an SAP global certification for career growth.

Job opportunities in SAP

SAP Consultant: SAP consultants provide expertise and guidance on implementing, configuring, and customizing SAP solutions to meet the specific needs of organizations

SAP Functional Analyst: SAP functional analysts focus on understanding business requirements and translating them into functional specifications for SAP solutions.

SAP Technical Developer: They are responsible for developing, customizing, and maintaining SAP applications.

SAP Project Manager: SAP project managers oversee the planning, execution, and delivery of SAP implementation or upgrade projects

SAP Administrator: SAP Basis administrators manage the technical infrastructure of SAP systems. They are responsible for system installation, configuration, monitoring, performance optimization, and security management of SAP landscapes

SAP Data Analyst: SAP data analysts focus on managing and analyzing data within SAP systems. They extract and manipulate data, perform data validation, create reports and dashboards.

SAP Supply Chain Consultant: SAP supply chain consultants work on projects related to supply chain management, procurement, inventory management, logistics, and production planning using SAP solutions.

Why is SAP global certification important?

SAP Global Certification is important as it validates an individual’s skills, acquires an industry recognition, provides a competitive advantage, strengthens career opportunities, opens up global job prospects, promotes continuous learning, and instills employer confidence. Thus considered a valuable investment for professionals seeking career growth in the field of SAP and for organizations looking to hire skilled SAP professionals.

[cybersecurityict]

Vendor Risk Management Market Revolutionized by AI-Driven Risk Scoring Tools

The Vendor Risk Management Market was valued at USD 8.6 billion in 2023 and is expected to reach USD 30.3 billion by 2032, growing at a CAGR of 14.98% from 2024-2032.

Vendor Risk Management Market is experiencing notable growth as organizations intensify efforts to mitigate third-party risks, safeguard data, and ensure operational resilience. With increasing reliance on external vendors across industries, managing cybersecurity, compliance, and performance risks has become a top priority for both public and private enterprises.

U.S. Vendors Strengthen Cyber Risk Frameworks Amid Growing Digital Dependencies

Vendor Risk Management Market is driven by growing regulatory scrutiny, rising instances of data breaches, and the need for transparent supplier relationships. Companies are now adopting automated platforms to streamline risk assessments, ensure compliance, and proactively monitor vendor activities across the supply chain.

Get Sample Copy of This Report: https://www.snsinsider.com/sample-request/6629 

Market Keyplayers:

RSA Security – Archer Third Party Governance

MetricStream – Third-Party Risk Management

OneTrust – Vendorpedia

Prevalent Inc. – Prevalent Third-Party Risk Management Platform

BitSight Technologies – BitSight Security Ratings

NAVEX Global – RiskRate

ProcessUnity – Vendor Risk Management

LogicGate – Risk Cloud for Third-Party Risk Management

Riskonnect – Third-Party Risk Management Solution

SAI360 – Vendor Risk Management

Aravo Solutions – Aravo for Third-Party Risk Management

Galvanize (now part of Diligent) – Third-Party Risk Management

IBM Corporation – OpenPages Third-Party Risk Management

SAP SE – SAP Risk Management

Coupa Software – Coupa Third-Party Risk Management

Market Analysis

The market is being shaped by a mix of regulatory developments, technological advancements, and heightened awareness of third-party exposure. In sectors like finance, healthcare, and manufacturing, vendors often have access to sensitive data and infrastructure, making risk management essential. Organizations across the U.S. and Europe are now allocating larger budgets to VRM solutions that help prevent disruptions, reduce financial liabilities, and maintain brand reputation.

Market Trends

Growing adoption of AI and machine learning for real-time risk scoring

Integration of VRM tools with GRC (governance, risk, and compliance) platforms

Emphasis on continuous vendor monitoring vs periodic assessments

Rising demand for cloud-based VRM software with scalable architecture

Enhanced focus on ESG (Environmental, Social, Governance) risk tracking

Implementation of automated compliance workflows

Increase in due diligence for fourth-party and Nth-party vendors

Market Scope

As global supply chains become more complex, the Vendor Risk Management Market is broadening its impact across enterprise functions. It is no longer limited to IT or procurement but involves legal, finance, and compliance teams working together to assess and manage vendor performance and exposure.

Multi-tier vendor visibility and control

End-to-end lifecycle management of vendor risks

Centralized dashboards for compliance and audit tracking

Real-time alerts on risk deviations

Scalable deployment across global operations

Risk mapping to strategic objectives and KPIs

Forecast Outlook

The Vendor Risk Management Market is set to witness transformative growth as businesses seek agile, intelligent, and secure frameworks to govern third-party relationships. With increasing digital dependency and cross-border vendor operations, future-ready VRM systems will focus on proactive intelligence, regulatory adaptability, and deep integration capabilities. U.S. and European markets will remain core innovation hubs, supporting industry-wide resilience through advanced VRM strategies.

Access Complete Report: https://www.snsinsider.com/reports/vendor-risk-management-market-6629 

Conclusion

Vendor Risk Management is no longer an optional function—it is a strategic imperative. As organizations face rising threats from third-party vulnerabilities, the need for robust, transparent, and technology-driven risk practices becomes undeniable. For forward-looking enterprises across the U.S. and Europe, investing in next-gen VRM solutions means more than compliance—it’s a foundation for secure growth and long-term trust in an interconnected world.

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Related Reports:

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Top CX Platforms With Best Integration and Security Features for Regulated Industries

NUMR CXM: Enterprise-Grade CX for Regulated Sectors

NUMR CXM is a leading AI-powered customer experience management platform engineered specifically for highly regulated industries like BFSI, healthcare, telecom, and pharmaceuticals. It provides military-grade security architecture, full-stack integrations, and predictive analytics for early churn and dissatisfaction detection.

Key Features That Stand Out:

SOC 2 & GDPR-compliant data protection

Plug-and-play integrations with CRMs, ERPs, telephony, and analytics suites

Real-time voice, survey, app, and transactional feedback capture

Secure role-based access and on-premise/private cloud options

Root Cause Analysis (RCA) and predictive behavior models

NUMR CXM is built for scale, security, and vertical precision, enabling regulated enterprises to act on sensitive feedback without risking compliance.

Why Integration & Security Matter in Regulated Industries

In sectors like banking, insurance, healthcare, and telecom, customer data is deeply sensitive. Any CX platform deployed must guarantee:

Compliance with global and local regulations (GDPR, HIPAA, RBI norms)

Interoperability with internal systems like CRMs, data lakes, call center platforms

Data residency and controlled access

Audit trails, encryption, and real-time breach monitoring

A secure and well-integrated CX stack ensures frictionless experiences while protecting customer trust and avoiding penalties.

Top CX Platforms with Integration & Security Excellence

1. NUMR CXM

Specialized in high-security, regulated environments

Enables customizable API integrations and no-code CX workflows

Auto-tagging and RCA across customer journeys

Ideal for financial services, healthcare, and enterprise telecom

2. Medallia Experience Cloud

Enterprise-grade data security & privacy controls

Integration with core IT infrastructure via APIs and connectors

FedRAMP and HITRUST certified for government and healthcare clients

3. Qualtrics XM for Regulated Industries

Designed for government, pharma, and financial compliance

Data encryption in transit and at rest

Native integration with Salesforce, ServiceNow, and SAP

4. Verint Experience Management

ISO 27001 certified platform

Omnichannel feedback collection with audit-ready logging

Seamless integration into legacy systems and CCaaS platforms

5. NICE Satmetrix

Combines security-first CX with automated actioning

Works well in tightly controlled environments like insurance and utilities

Granular permissioning and regulatory audit logs

6. Sprinklr CXM

Offers enterprise-class security, identity management, and DLP

Real-time social, digital, and messaging feedback integration

GDPR and HIPAA compliant

7. Adobe Experience Platform

Designed for data-sensitive personalization

Integrates with EMRs, banking systems, and ERP suites

End-to-end data governance and access transparency

Key Compliance Considerations in CX for 2025

Industry

Compliance Requirements

CX Platform Expectations

BFSI

RBI norms, PCI DSS, ISO 27001

Encrypted feedback, role-based access

Healthcare

HIPAA, NABH, GDPR

EMR integration, patient data compliance

Government

FedRAMP, MeitY norms (India), GRC frameworks

Sovereign cloud, audit trails

Telecom

TRAI guidelines, lawful intercept readiness

Multi-language support, secure call log CX

FAQs – CX Platforms in Regulated Industries

Why do regulated industries need specialized CX platforms?

Because they handle sensitive personal and transactional data, making security, compliance, and controlled access non-negotiable.

What makes NUMR CXM ideal for these sectors?

NUMR offers bank-grade encryption, verticalized AI, and region-specific deployment options, making it the top choice for BFSI, healthcare, and telecom.

Can CX platforms integrate with legacy CRMs and ERPs?

Yes. Platforms like NUMR CXM, Medallia, and Qualtrics offer modular APIs and pre-built connectors for seamless integration.

Are there region-specific deployment options?

Yes. NUMR CXM, for instance, supports on-premise, private cloud, or region-specific cloud hosting depending on regulatory needs.

Final Thought

For regulated industries, data protection isn’t just a feature—it’s a mandate. CX platforms like NUMR CXM empower enterprises to listen deeply to their customers while ensuring full compliance, deep integration, and secure orchestration. Investing in the right platform today helps you stay resilient, competitive, and regulation-ready in 2025 and beyond.

[dbmrzeenews]

Compliance Data Management Market Size, Share, Trends, Demand, Future Growth, Challenges and Competitive Analysis

"Global Compliance Data Management Market - Size, Share, Demand, Industry Trends and Opportunities

Global Compliance Data Management Market, By Component (Solutions, Services), Deployment Type (On-Premises, Cloud), Organization Size (Small and Medium-Sized Businesses, Large Businesses), Function (Finance, Human Resources, Information Technology), Vertical (Banking, Financial Services and Insurance, Retail and Consumer Goods, Government, Healthcare, Manufacturing, Telecom and IT, Energy and Utilities, Construction and Engineering, Mining and Natural Resources, Transportation and Logistics, Others) – Industry Trends.

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**Segments**

- By Component: The compliance data management market can be segmented based on components into software and services. The software segment includes compliance management software, data governance tools, risk assessment tools, and others. On the other hand, the services segment consists of consulting services, implementation services, and support services.

- By Deployment Type: This market can also be classified based on deployment types into cloud-based and on-premises solutions. Cloud-based deployment offers flexibility, scalability, and cost-effectiveness, making it a popular choice among organizations. On-premises solutions, on the other hand, provide greater control and customization options to meet specific compliance requirements.

- By End-User: In terms of end-users, the compliance data management market caters to various industries such as healthcare, BFSI, IT & telecom, retail, manufacturing, and others. Each industry has specific compliance regulations and data management needs, driving the demand for tailored solutions and services.

**Market Players**

- IBM Corporation: IBM offers a range of compliance data management solutions, including IBM OpenPages with Watson, to help organizations proactively manage risk and compliance requirements. Its advanced analytics capabilities and AI-driven insights enable better decision-making and regulatory compliance.

- SAP SE: SAP provides SAP GRC (Governance, Risk, and Compliance) solutions that streamline compliance processes and enable real-time monitoring of risks. Its integrated platform helps organizations effectively manage regulatory requirements and mitigate compliance risks across the enterprise.

- Oracle Corporation: Oracle offers Oracle Risk Management Cloud, a comprehensive solution for managing compliance, risk, and controls across the organization. With features like automated workflows, continuous monitoring, and predictive analytics, Oracle helps businesses stay ahead of compliance challenges.

- Microsoft Corporation: Microsoft's compliance data management solutions, such as Microsoft 365 Compliance and Azure Information Protection, empower organizations to protect sensitive data, comply with regulations, and respond to data breaches effectively. Its cloud-based approach ensures security and compliance across all devices and platforms.

- SAS Institute Inc.: SAS providesSAS Institute Inc. is a major player in the compliance data management market, offering a range of solutions that leverage advanced analytics, machine learning, and AI to help organizations effectively manage compliance requirements. SAS provides tools that enable businesses to automate compliance processes, identify potential risks, and ensure regulatory adherence across various industries. With its expertise in data management and analytics, SAS helps organizations proactively monitor and address compliance challenges, enabling them to make informed decisions and mitigate risks effectively.

One of the key strengths of SAS Institute Inc. in the compliance data management market lies in its advanced analytics capabilities. SAS solutions enable organizations to analyze large volumes of data to identify patterns, trends, and anomalies that may indicate potential compliance issues. By leveraging predictive analytics and machine learning algorithms, SAS helps businesses anticipate and prevent compliance violations, ultimately enhancing operational efficiency and minimizing risks.

Another significant aspect of SAS's offerings is its focus on innovation and continued development of cutting-edge solutions. SAS invests heavily in research and development to stay ahead of evolving compliance regulations and industry trends. This ensures that its solutions are up-to-date, robust, and equipped to address the changing needs of organizations in today's dynamic business environment.

SAS Institute Inc. also stands out in the compliance data management market for its commitment to providing comprehensive support and services to its customers. The company offers tailored implementation, training, and consulting services to help organizations maximize the value of their compliance management solutions. By partnering with SAS, businesses can receive expert guidance, best practices, and ongoing support to ensure successful compliance initiatives.

Moreover, SAS's focus on collaboration and integration is another key factor that sets it apart in the market. SAS solutions are designed to seamlessly integrate with existing systems and workflows, enabling organizations to streamline compliance processes and enhance data governance practices. By fostering collaboration and connectivity across different functions and departments, SAS empowers businesses to achieve a more holistic and effective approach to compliance data management.

In conclusion, SAS Institute Inc. is a prominent player in the compliance data management market, known**Global Compliance Data Management Market, By Component (Solutions, Services), Deployment Type (On-Premises, Cloud), Organization Size (Small and Medium-Sized Businesses, Large Businesses), Function (Finance, Human Resources, Information Technology), Vertical (Banking, Financial Services and Insurance, Retail and Consumer Goods, Government, Healthcare, Manufacturing, Telecom and IT, Energy and Utilities, Construction and Engineering, Mining and Natural Resources, Transportation and Logistics, Others) – Industry Trends and Forecast to 2030.**

The global compliance data management market is witnessing significant growth driven by the increasing focus on regulatory compliance and data governance across industries. The market is segmented by component into solutions and services, with organizations investing in compliance management software, risk assessment tools, and consulting services to ensure regulatory adherence and mitigate risks effectively. The deployment type segment includes on-premises and cloud-based solutions, with cloud deployment gaining traction for its scalability and cost-efficiency benefits. Various end-user industries such as healthcare, BFSI, retail, and manufacturing are driving demand for tailored compliance solutions to address specific regulatory requirements.

**Market Players** - IBM Corporation, SAP SE, Oracle Corporation, Microsoft Corporation, and SAS Institute Inc. are prominent players in the compliance data management market, offering advanced solutions to help organizations manage risk and compliance effectively. - IBM provides analytics-driven compliance solutions like IBM OpenPages with Watson, enabling proactive risk management and regulatory compliance. - SAP's GRC solutions streamline compliance processes and enable real-time risk monitoring,

Key points covered in the report: -

The pivotal aspect considered in the global Compliance Data Management Market report consists of the major competitors functioning in the global market.

The report includes profiles of companies with prominent positions in the global market.

The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

The driving factors for the growth of the global Compliance Data Management Market are thoroughly explained along with in-depth descriptions of the industry end users.

The report also elucidates important application segments of the global market to readers/users.

This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

The experts also evaluate the export/import policies that might propel the growth of the Global Compliance Data Management Market.

The Global Compliance Data Management Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Compliance Data Management Market Landscape

Part 04: Global Compliance Data Management Market Sizing

Part 05: Global Compliance Data Management Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

Compliance Data Management Market [Global – Broken-down into regions]

Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

Country-wise Market Size Split [of important countries with major market share]

Market Share and Revenue/Sales by leading players

Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.

Market Size

Market Size by application/industry verticals

Market Projections/Forecast

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[shvintech]

How SAP Consulting Can Optimize Your Business Processes

Let’s explore how SAP consulting is not just about software implementation but about unlocking the full potential of your operations.

Curious? Let’s Start With This:

Did you know that companies who effectively leverage SAP services are 35% more likely to report improved operational efficiency and 25% faster project delivery compared to their peers who don’t?

And that’s not just theory. Real-world transformations are being led by expert SAP consultants who don’t just install systems — they re-engineer processes.

SAP Consulting Optimization Business Processes

1. What is SAP Consulting?

SAP consulting involves working with certified SAP professionals who understand both the technology and your industry. They assess your current processes, identify gaps, and design scalable, integrated solutions tailored to your goals.

Whether you’re in retail, manufacturing, telco, or energy, SAP consultants can:

Implement or upgrade your SAP S/4HANAsystem

Offer ongoing SAP support and training

Ensure seamless SAP integration across departments

Deliver SAP managed services for continuous improvement

2. Benefits of SAP Consulting for Business Process Optimization

Enhanced Efficiency

Manual, redundant tasks are automated. Data silos are broken. With the help of SAP Sign avio and SAP Analytics Cloud, businesses can align workflows with real-time performance metrics.

Better Decision-Making

Through predictive analytics and dashboard-driven insights, leadership gains a 360-degree view of operations — leading to quicker, smarter decisions.

Seamless Integration

SAP consulting ensures that core business systems (finance, HR, supply chain, customer service) communicate effectively, reducing bottlenecks and increasing speed.

Cost Control

By identifying process inefficiencies and areas of waste, SAP consultants help companies save significantly in the long run.

3. SAP insider Las Vegas 2025: A Glimpse Into the Future

Recently, the SAP insider Las Vegas 2025 event (March 18–20 at the Bellagio) became a central stage for showcasing SAP’s latest innovations. Key highlights included:

Over half of business leaders are planning SAP S/4HANA adoption before the 2027 deadline.

SAP unveiled new features across Joule, SAP BTP, SAP Success Factors, SAP Sign avio, and S/4HANA Cloud, making AI and automation more accessible.

The focus on data management and analytics was evident, with actionable insights from the SAP insider 2025 Buyer’s Guide.

Leadership’s expanded role in digital transformation, especially CFOs championing automation and sustainability.

Real-world success stories, such as Pandora, who utilized SAP Digital Manufacturing Cloud for smarter workflows.

For anyone considering SAP consulting, this event made one thing clear: the future is intelligent, connected, and insight-driven.

4. Real Applications Across Industries

SAP consulting isn’t a one-size-fits-all solution. Here’s how different industries benefit:

Retail

Inventory optimization with real-time analytics

Personalized customer experiences using SAP Commerce Cloud

Energy

Predictive maintenance and sustainability tracking with SAP IoT and Asset Intelligence Network

Telco

Efficient order management and customer service with SAP S/4HANA & CRM modules

Manufacturing

Shop floor automation via SAP Digital Manufacturing Cloud

Quality control and GRC measures during SAP S/4HANA migration

Healthcare

Data security, regulatory compliance, and patient care integration

Accessibility by design through cloud-first implementation

5. Why You Need SAP Managed Services

SAP managed services are like having a dedicated team watching over your digital ecosystem 24/7. These experts provide:

Regular system health checks

On-demand support and upgrades

Risk mitigation and compliance assurance

Strategic consulting for continuous innovation

This ensures your business never misses a beat, even as technology evolves.

Final Thought: Don’t Just Implement SAP. Maximize It.

Too many businesses implement SAP and stop there. The real ROI lies in continuously optimizing and aligning SAP tools with evolving business goals.

This is where expert SAP consulting, ongoing SAP support, seamless SAP integration, and trusted SAP managed services truly shine.

Want to see how this could look in your business?

At Shvintech, we help companies like yours transform operations, unlock performance, and build future-ready systems through world-class SAP consulting.

Contact us today

Let’s talk. Book a free consultation and discover what your business looks like at its full potential.

[suchi05]

MCA Requirements with SAP System | Toggle Now

It’s been almost a year since the Ministry of Corporate Affairs (MCA), India introduced a new set of guidelines to companies on April 1, 2023, aiming to bring transparency and restrict or reduce data manipulation of books within the company. This prompted SAP clients to initiate new processes such as enabling audit trails and change logs. However, many customers are still unsure about what they need to do.

A survey conducted by ToggleNow between September 2023 and March 2024 found that 7 out of 10 customers attempted to implement the rules, but they might not have completed all the necessary steps In conclusion, the management of audit logs such as SM19/SM20 presents challenges, as enabling them may consume significant storage space and affect system performance. Despite being a standard feature, users in SAP can still delete these logs, highlighting the necessity for enhanced security measures.

Many clients have not implemented additional safeguards, leaving the system vulnerable to unauthorized alterations. Furthermore, users with administrative privileges can easily disable or erase audit trails, while wider authorizations enable the posting of backdated entries. Debug authorizations are often overlooked, granting users access to SE16 with debug capabilities, compromising data integrity. Moreover, changes made through RFMs and in debug mode lack timestamp records, necessitating stricter controls. The deletion of change and edit logs underscores the imperative for robust authorization controls. To mitigate risks, RFMs and RFCs must be secured to prevent unauthorized access and alterations.

Absolutely! Evaluating your SAP system to ensure compliance with the Ministry of Corporate Affairs (MCA) requirements is crucial for maintaining transparency and data integrity within your organization. Our team of experts specializes in SAP systems and regulatory compliance, and we’re here to assist you every step of the way.

Read more: https://togglenow.com/blog/expert-tips-for-aligning-your-sap-system-with-mca-requirements/

[touggulnow]

Navigating the Future of GRC and Access Governance in SAP Ecosystems

A New Era of Security and Access Governance

Governance, Risk, and Compliance (GRC) and Access Governance are undergoing major changes due to digital growth and stricter regulations. As organizations connect more data and systems, they’re shifting from isolated security practices to proactive, integrated compliance processes. Raghu Boddu, founder of ToggleNow and a seasoned leader in SAP GRC, has observed these shifts closely.

“Fifteen years ago, most companies didn’t treat security as a separate function—it was part of Basis administration,” Raghu explains. “Today, security is essential, and organizations know it’s crucial for protecting data, compliance, and brand reputation.”

New Market Realities and Demand for Integrated GRC Solutions

SAP has long been at the forefront of GRC, offering tools to help both finance and IT teams tackle compliance challenges. Solutions like SAP Access Control and Identity Access Governance (IAG) provide the flexibility to manage today’s security needs while adapting to future ones. As businesses adopt hybrid and multi-cloud systems, managing security across different platforms has become more complex. This is where SAP’s Business Technology Platform (BTP) shines. BTP connects SAP and non-SAP applications seamlessly, creating a secure, compliant ecosystem. “BTP and SAP Identity Services have changed the game for multi-cloud environments,” says Raghu. “Today, integration is nearly seamless thanks to SAP’s open APIs and connectors. This has allowed companies to manage security across hybrid systems without needing extensive customization.”

Regional Insights: GRC Maturity and Market Growth

The GRC and Identity Access Management (IAM) markets vary widely across regions, shaped by local regulations and market maturity. In the U.S., SoX compliance has driven strict GRC standards for years. Many American companies have developed sophisticated GRC processes, particularly around data security and financial compliance. Meanwhile, regions like India are rapidly catching up.

“The growth potential in India is huge,” Raghu shares. “Over the last five years, Indian businesses have started treating GRC as essential, not optional.”

In both the U.S. and other markets, companies are increasingly adopting automation and hybrid identity solutions to handle complex regulations. This shift reflects a global move toward integrated compliance, with GRC becoming a core business priority rather than a “tick-the-box” function. As Raghu adds, “It’s inspiring to see GRC prioritized as part of strategy, not just an audit requirement.”

The Future of GRC: AI-Driven Compliance and Embedded Solutions

a) AI and Automation in GRC

Automation and AI are quickly transforming GRC from a reactive function into a proactive one, identifying risks before they become problems. With AI-driven GRC, systems can automatically analyze data to help companies detect potential compliance issues and manage risk more intelligently. SAP’s GRC tools with AI simplify compliance processes and improve decision-making, allowing teams to focus on strategic priorities.

Raghu highlights the potential of AI in GRC: “AI has incredible potential in the GRC space. It’s about giving businesses more power to manage risk with accuracy, while reducing manual efforts and errors.”

b) Embedding Compliance into Daily Processes

Looking forward, GRC will be embedded directly within applications and workflows, constantly monitoring for risks and responding to threats as they arise. Raghu envisions this future: “In the next five years, GRC as a standalone system may fade. Instead, it will be part of daily workflows, where applications flag risks and suggest controls in real time. AI will automate many compliance tasks, cutting down manual efforts.”

He adds, “Imagine GRC as a tool that proactively flags a potential access issue based on historical patterns—like a security recommendation engine. This proactive risk management approach is where AI will make the most impact.”

About Raghu Boddu and ToggleNow: Innovating in GRC and SAP Integration

Raghu Boddu, founder of ToggleNow, has over two decades of experience in SAP GRC and has witnessed the industry’s evolution firsthand. He started ToggleNow to address complex GRC challenges, helping companies make compliance efficient and accessible. With solutions that streamline risk management and improve security, ToggleNow has become a trusted partner for organizations operating in SAP environments.

Raghu is also a published author, with books such as SAP Access Control 12.0 Comprehensive Guide, SAP Process Control 12.0 Comprehensive Guide, and SAP Cloud IAG eBite. The books offer practical insights into implementing SAP GRC solutions effectively. His books emphasize not only the technical aspects but also strategic best practices, making them valuable resources for GRC professionals.

ToggleNow has been particularly impactful in areas like SAP integration and GRC automation, where Raghu’s team develops innovative tools that simplify complex processes. “At ToggleNow, our focus is to help clients build a compliant, adaptable GRC framework that meets today’s demands while preparing for tomorrow’s,” says Raghu.

Conclusion: Building a Future-Ready GRC Strategy

For companies looking ahead, the time to adapt is now. As GRC evolves, adopting flexible, AI-driven, and integrated solutions is key. Businesses should prepare for a future where compliance is embedded in every workflow and AI-driven insights make risk management smarter.

“The future of GRC is all about integration, intelligence, and ease,” Raghu emphasizes. “Companies investing in these areas today will be well-prepared to navigate tomorrow’s challenges.”

In an increasingly interconnected world, the ability to proactively manage risk and compliance is more than a regulatory need—it’s a strategic advantage. By embracing AI, automation, and integration, companies can transform GRC from a support function to a driver of resilience and growth.

Read More: https://togglenow.com/blog/navigating-the-future-of-grc-and-access-governance-in-sap-ecosystems/

[noisilyimminentcore]

5 Hidden SAP GRC Pitfalls That Could Jeopardize Your Compliance Strategy

1. “One-Size-Fits-All” RuleSet Syndrome

Many organizations implement SAP GRC with out-of-the-box rule sets and assume they’re covered and are completely Sox/SoD compliant. The problem? Standard rule sets don’t always reflect the unique business processes and risks of an enterprise. They must be utilized as a baseline.

Example: A global company using a generic SoD rule set might flag conflicts that aren’t actually risks in their specific operations, leading to unnecessary firefighting and role redesign efforts.

What is the solution? It is always recommended to tailor the rule set to align with your business needs. Involve process owners and auditors to ensure relevance. Disable those which are not relevant and add the ones what needs to be part of the rule set. For example, your custom transaction codes.

2. Over-Reliance on Automated Controls

Yes, automation is powerful, but blindly trusting automated GRC controls without proper oversight is a recipe for disaster.

Example: Automated access reviews might seem great, but if managers are just clicking the approval button without understanding the risk, you’re inviting compliance issues.

What is the solution? Combine automation with human intelligence. Train reviewers on what they’re approving and implement periodic audits.

3. The “Too Many Firefighters” Problem

Firefighter (emergency access) access is meant for temporary, critical access. But in many companies, they become a backdoor for permanent privileged access. I’ve seen in some instances where the FFIDs have SAP_ALL, SAP_NEW assigned

Example: If every second user has firefighter access “just in case,” then what’s really being controlled?

What is the solution? Reduce firefighter usage with strict policies. Ensure that the Firefighter IDs have limited and relevant access, not SAP_ALL. Look at how often your users are asking for such access. Set expiration dates, and enforce approvals before access is granted. A detailed review is must after the usage.

4. Role Design Nightmares

Ever seen a single SAP role with 500+ transaction codes? It happens more often than you’d think. Poorly designed roles create access chaos, security risks, and audit nightmares.

Example: A company that grants “Display All” access thinking it’s harmless—only to realize some reports contain sensitive payroll data.

What is the solution? Follow a least privilege approach. Display tcodes does possess risks. Design roles based on business functions, not user demands and assumptions. And, no, giving everyone SAP_ALL is not a solution!

5. The “Check-the-Box” Compliance Trap

Many organizations treat GRC as a compliance checklist rather than a risk mitigation strategy. The result? A false sense of security.

Example: An enterprise that passes an audit but later discovers a critical access loophole exploited by an insider threat.

What is the solution? Shift from a compliance-first mindset to a risk-first approach. Ask, “What’s the real-world impact of this control?” rather than just checking off audit items.

Final Thoughts: GRC is Not Just About Tools, It’s About Mindset

SAP GRC isn’t just about implementing Access Control, Process Control, or Risk Management modules—it’s about adopting a security and compliance culture. The best GRC strategies combine technology, process rigor, and human intelligence to create a resilient, risk-aware organization.

Readmore: https://togglenow.com/blog/sap-grc-hidden-pitfalls/

[sapsilvertouch01]

Which is the Best ERP System? How its Works, Cost & ERP Deployments

Unlock Business Growth with SAP Financial Management

Financial management is a cornerstone for startups, SMEs, and established enterprises a like. It not only ensures financial stability but also fuels long-term growth. Fortunately, SAP Financial Management offers a comprehensive solution to manage all aspects of finance efficiently.

In this blog, we’ll dive into the importance of SAP Financial Management and explore how it can benefit your business.

What is SAP Financial Management System (FMS)?

Before we get into SAP’s solution, let’s first understand the basics.

Definition of a Financial Management System

Financial management refers to the process of planning, monitoring, directing, and controlling financial resources to make informed decisions and drive profitability.

A Financial Management System (FMS) uses software and standardized processes to manage a company’s income, expenses, and assets. Its core purpose is to maximize profits and ensure long-term sustainability. With a robust FMS, finance teams can simplify and optimize daily operations.

Now, let’s explore what makes the SAP Financial Management System a game-changer.

Key Features of SAP Financial Management

Whether it’s establishing new revenue models, managing risk, or optimizing working capital, SAP’s financial tools help businesses drive efficiency and maintain control. Here are some of its standout features:

1. Financial Planning and Analysis (FP&A)

Real-time integration and cloud-based capabilities help you improve planning, budgeting, and forecasting across departments—enhancing agility and responsiveness.

2. Tax Management

As tax regulations evolve to promote transparency and digitization, SAP helps businesses stay compliant and automate tax processes to reduce the burden.

3. Treasury Management

Integrated treasury solutions provide real-time visibility and enhanced transparency in cash management, allowing you to mitigate risks effectively.

4. Accounting & Financial Close

Accelerate your month-end close with streamlined reconciliation, consolidation, and compliance processes—leading to faster and more accurate reporting.

5. Quote-to-Cash Management

Manage all your monetization efforts with a unified solution—whether it's for one-time billing, recurring services, subscriptions, or usage-based plans.

6. Governance, Risk, Compliance (GRC) & Cybersecurity

Leverage predictive insights to mitigate risks early. Built-in intelligent controls support compliance and bolster cybersecurity.

Other features like SAP Financial Services Data Management and Performance Management enable enterprises to align financial operations with long-term strategic goals—bringing about true digital transformation.

Digital Finance Transformation: The Future of Finance

Digital finance transformation equips businesses with advanced tools like predictive analytics, automation, and AI to become more adaptive and efficient. Here's how SAP leverages emerging technologies:

Cloud Technology

Enables secure, remote access to financial systems, paving the way for AI, ML, and blockchain integration.

AI & Machine Learning

SAP’s data management tools use AI/ML to analyze large datasets in real time—empowering teams to build precise forecasts and strategic plans.

Robotic Process Automation (RPA)

RPA bots handle repetitive tasks to free up human resources, reduce costs, and improve accuracy in workflows.

Blockchain

Blockchain enhances transparency and security with features like immutable ledgers and smart contracts, making compliance and payment processing more seamless.

While these technologies offer numerous advantages, challenges like the need for skilled professionals and cultural shifts toward automation remain. SAP’s FMS helps organizations navigate these changes with confidence.

SAP Financial Management Solutions at a Glance

SAP provides a suite of financial solutions tailored to both SMEs and large enterprises. Here's an overview:

Financial Planning and Analysis – Enables scenario modeling and insights-driven financial planning.

Accounting and Financial Close – Manages reconciliation, consolidation, and regulatory reporting.

Treasury Management – Supports efficient cash flow management and financial risk mitigation.

Tax Management – Automates processes and ensures compliance across jurisdictions.

Quote-to-Cash Management – Enhances revenue generation through flexible billing models.

Cybersecurity & Governance – Helps businesses stay ahead of compliance and cybersecurity challenges.

Top SAP Financial Modules

SAP ERP Financials is a robust suite covering key financial operations. The top modules include:

SAP FI (Financial Accounting) – Manages ledgers, accounts payable/receivable, and asset accounting.

SAP CO (Controlling) – Provides tools for cost planning, analysis, and performance evaluation.

SAP FSCM (Financial Supply Chain Management) – Improves cash flow and working capital management.

SAP Treasury – Manages foreign exchange, interest rate risks, and liquidity.

These modules work together to offer a comprehensive financial solution.

Industry Applications of SAP Finance Solutions

SAP Finance is versatile and serves a wide range of industries, including:

Manufacturing – Manages inventory, receivables/payables, and ensures compliance.

Retail – Enhances decision-making with real-time insights into sales, cash flow, and inventory.

Services – Streamlines billing, revenue recognition, and cost allocation.

Logistics – Supports transportation costs, warehouse operations, and inventory valuation.

Government – Assists in budgeting, forecasting, and regulatory reporting.

From small enterprises to large MNCs, SAP Finance adapts to your business size and sector.

Conclusion: Why Choose SAP for Financial Management?

SAP’s Financial Management solutions offer a powerful, scalable, and future-ready approach to managing your business finances. With intelligent tools, automation, and comprehensive modules, SAP helps businesses drive performance, mitigate risks, and stay competitive in today’s fast-evolving landscape.

Silver Touch Technologies is your trusted SAP partner—empowering SMEs to make the most of ERP systems with cutting-edge tools and 24x7 support.

Want to explore SAP Financial Management for your business? Drop us a line at sap@silvertouch.com and our experts will be happy to assist you with a free consultation.

Source - https://sap.silvertouch.com/blog/solution-for-sap-financial-management

[modulesap]

Migrating to SAP S/4HANA is a complex process that organizations often struggle with. The biggest challenges include technical hurdles, data migration issues, business process alignment, and user adoption. Here’s a detailed breakdown:

1. Choosing the Right Migration Approach

📌 Challenge: Organizations must decide between Greenfield (new implementation), Brownfield (system conversion), or Hybrid (Selective Data Transition) approaches. 🔹 Solution: A thorough business impact analysis and pilot testing help determine the best approach.

2. Data Migration & Quality Issues

📌 Challenge:

Cleaning, transforming, and moving large volumes of legacy data.

Ensuring data consistency between old and new systems. 🔹 Solution:

Use SAP Migration Cockpit and Data Services for smooth data transfer.

Conduct thorough data cleansing and validation before migration.

3. Custom Code Adaptation

📌 Challenge: Many organizations have custom ABAP programs that need to be adapted for HANA’s in-memory architecture. 🔹 Solution:

Use SAP Readiness Check to analyze custom code.

Optimize performance with CDS Views, AMDP, and HANA-native SQL.

4. Business Process Reengineering

📌 Challenge:

SAP S/4HANA introduces simplified processes (e.g., Universal Journal in Finance).

Aligning business processes with SAP Best Practices is critical. 🔹 Solution:

Use SAP Signavio & SAP Activate Methodology for process optimization.

Conduct Business Process Workshops for alignment.

5. Integration with Existing Systems

📌 Challenge: Many organizations rely on third-party applications or legacy SAP modules (e.g., ECC, CRM, BW). 🔹 Solution:

Use SAP BTP (Business Technology Platform) for integrations.

Leverage SAP Cloud Connector for hybrid landscapes.

6. Change Management & User Adoption

📌 Challenge:

Resistance from employees accustomed to SAP ECC.

Need for extensive training to use Fiori-based UI. 🔹 Solution:

Implement a comprehensive change management strategy.

Conduct role-based training sessions for end users.

7. Performance & System Downtime Risks

📌 Challenge:

Poorly planned migrations can cause business disruptions.

Performance tuning is needed for large transactional volumes. 🔹 Solution:

Conduct sandbox testing before full deployment.

Use Near-Zero Downtime (NZDT) methods for mission-critical environments.

8. Security & Compliance

📌 Challenge:

Ensuring GDPR, SOX, and industry-specific compliance in the new system.

Managing user access & role-based security. 🔹 Solution:

Implement SAP GRC (Governance, Risk & Compliance) solutions.

Regular security audits and role testing.

9. High Costs & Budget Overruns

📌 Challenge:

Licensing, infrastructure upgrades, and consultant fees can exceed budgets.

Hidden costs in custom development & post-go-live support. 🔹 Solution:

Use SAP S/4HANA Cloud for cost control if applicable.

Have a detailed cost estimation & risk management plan.

10. Post-Go-Live Support & Continuous Optimization

📌 Challenge:

After go-live, organizations struggle with performance tuning, bug fixes, and new requirements. 🔹 Solution:

Establish a Center of Excellence (CoE) for continuous monitoring.

Use SAP Solution Manager for ongoing system health checks.

Final Thoughts

Migrating to SAP S/4HANA is a major digital transformation, not just a technical upgrade. Companies that plan strategically, invest in change management, and optimize business processes will gain the most value.

Mail us on contact@anubhavtrainings.com

Website: Anubhav Online Trainings | UI5, Fiori, S/4HANA Trainings

[learnmoreitsoutions]

This institute provides in-depth instruction on SAP GRC modules, including Access Control, Process Control, and Risk Management. With experienced trainers, practical exercises, and real-time project experience,

[dbmrzeenews]

Compliance Data Management Market Size, Share, Key Growth Drivers, Trends, Challenges and Competitive Landscape

"Global Compliance Data Management Market - Size, Share, Demand, Industry Trends and Opportunities

Global Compliance Data Management Market, By Component (Solutions, Services), Deployment Type (On-Premises, Cloud), Organization Size (Small and Medium-Sized Businesses, Large Businesses), Function (Finance, Human Resources, Information Technology), Vertical (Banking, Financial Services and Insurance, Retail and Consumer Goods, Government, Healthcare, Manufacturing, Telecom and IT, Energy and Utilities, Construction and Engineering, Mining and Natural Resources, Transportation and Logistics, Others) – Industry Trends.

Access Full 350 Pages PDF Report @

**Segments**

- By Component: The compliance data management market can be segmented based on components into software and services. The software segment includes compliance management software, data governance tools, risk assessment tools, and others. On the other hand, the services segment consists of consulting services, implementation services, and support services.

- By Deployment Type: This market can also be classified based on deployment types into cloud-based and on-premises solutions. Cloud-based deployment offers flexibility, scalability, and cost-effectiveness, making it a popular choice among organizations. On-premises solutions, on the other hand, provide greater control and customization options to meet specific compliance requirements.

- By End-User: In terms of end-users, the compliance data management market caters to various industries such as healthcare, BFSI, IT & telecom, retail, manufacturing, and others. Each industry has specific compliance regulations and data management needs, driving the demand for tailored solutions and services.

**Market Players**

- IBM Corporation: IBM offers a range of compliance data management solutions, including IBM OpenPages with Watson, to help organizations proactively manage risk and compliance requirements. Its advanced analytics capabilities and AI-driven insights enable better decision-making and regulatory compliance.

- SAP SE: SAP provides SAP GRC (Governance, Risk, and Compliance) solutions that streamline compliance processes and enable real-time monitoring of risks. Its integrated platform helps organizations effectively manage regulatory requirements and mitigate compliance risks across the enterprise.

- Oracle Corporation: Oracle offers Oracle Risk Management Cloud, a comprehensive solution for managing compliance, risk, and controls across the organization. With features like automated workflows, continuous monitoring, and predictive analytics, Oracle helps businesses stay ahead of compliance challenges.

- Microsoft Corporation: Microsoft's compliance data management solutions, such as Microsoft 365 Compliance and Azure Information Protection, empower organizations to protect sensitive data, comply with regulations, and respond to data breaches effectively. Its cloud-based approach ensures security and compliance across all devices and platforms.

- SAS Institute Inc.: SAS providesSAS Institute Inc. is a major player in the compliance data management market, offering a range of solutions that leverage advanced analytics, machine learning, and AI to help organizations effectively manage compliance requirements. SAS provides tools that enable businesses to automate compliance processes, identify potential risks, and ensure regulatory adherence across various industries. With its expertise in data management and analytics, SAS helps organizations proactively monitor and address compliance challenges, enabling them to make informed decisions and mitigate risks effectively.

One of the key strengths of SAS Institute Inc. in the compliance data management market lies in its advanced analytics capabilities. SAS solutions enable organizations to analyze large volumes of data to identify patterns, trends, and anomalies that may indicate potential compliance issues. By leveraging predictive analytics and machine learning algorithms, SAS helps businesses anticipate and prevent compliance violations, ultimately enhancing operational efficiency and minimizing risks.

Another significant aspect of SAS's offerings is its focus on innovation and continued development of cutting-edge solutions. SAS invests heavily in research and development to stay ahead of evolving compliance regulations and industry trends. This ensures that its solutions are up-to-date, robust, and equipped to address the changing needs of organizations in today's dynamic business environment.

SAS Institute Inc. also stands out in the compliance data management market for its commitment to providing comprehensive support and services to its customers. The company offers tailored implementation, training, and consulting services to help organizations maximize the value of their compliance management solutions. By partnering with SAS, businesses can receive expert guidance, best practices, and ongoing support to ensure successful compliance initiatives.

Moreover, SAS's focus on collaboration and integration is another key factor that sets it apart in the market. SAS solutions are designed to seamlessly integrate with existing systems and workflows, enabling organizations to streamline compliance processes and enhance data governance practices. By fostering collaboration and connectivity across different functions and departments, SAS empowers businesses to achieve a more holistic and effective approach to compliance data management.

In conclusion, SAS Institute Inc. is a prominent player in the compliance data management market, known**Global Compliance Data Management Market, By Component (Solutions, Services), Deployment Type (On-Premises, Cloud), Organization Size (Small and Medium-Sized Businesses, Large Businesses), Function (Finance, Human Resources, Information Technology), Vertical (Banking, Financial Services and Insurance, Retail and Consumer Goods, Government, Healthcare, Manufacturing, Telecom and IT, Energy and Utilities, Construction and Engineering, Mining and Natural Resources, Transportation and Logistics, Others) – Industry Trends and Forecast to 2030.**

The global compliance data management market is witnessing significant growth driven by the increasing focus on regulatory compliance and data governance across industries. The market is segmented by component into solutions and services, with organizations investing in compliance management software, risk assessment tools, and consulting services to ensure regulatory adherence and mitigate risks effectively. The deployment type segment includes on-premises and cloud-based solutions, with cloud deployment gaining traction for its scalability and cost-efficiency benefits. Various end-user industries such as healthcare, BFSI, retail, and manufacturing are driving demand for tailored compliance solutions to address specific regulatory requirements.

**Market Players** - IBM Corporation, SAP SE, Oracle Corporation, Microsoft Corporation, and SAS Institute Inc. are prominent players in the compliance data management market, offering advanced solutions to help organizations manage risk and compliance effectively. - IBM provides analytics-driven compliance solutions like IBM OpenPages with Watson, enabling proactive risk management and regulatory compliance. - SAP's GRC solutions streamline compliance processes and enable real-time risk monitoring,

Key points covered in the report: -

The pivotal aspect considered in the global Compliance Data Management Market report consists of the major competitors functioning in the global market.

The report includes profiles of companies with prominent positions in the global market.

The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

The driving factors for the growth of the global Compliance Data Management Market are thoroughly explained along with in-depth descriptions of the industry end users.

The report also elucidates important application segments of the global market to readers/users.

This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

The experts also evaluate the export/import policies that might propel the growth of the Global Compliance Data Management Market.

The Global Compliance Data Management Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Compliance Data Management Market Landscape

Part 04: Global Compliance Data Management Market Sizing

Part 05: Global Compliance Data Management Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

Compliance Data Management Market [Global – Broken-down into regions]

Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

Country-wise Market Size Split [of important countries with major market share]

Market Share and Revenue/Sales by leading players

Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.

Market Size

Market Size by application/industry verticals

Market Projections/Forecast

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