#sap grc integration

[suchi05]

Case study on SAP Licensing Optimization - ToggleNow

Today’s business environment requires the efficient management of SAP licensing, though it can be challenging. This problem can be resolved by Optimus for SAP Applications, developed by ToggleNow, by offering tools to assist organizations in navigating SAP licensing complexities.

Optimus eliminates the visibility gap in license management, thus reducing audit costs and ensuring compliance with SAP’s agreements. Therefore, through leveraging Optimus, organizations remain compliant, reduce audit costs while at the same time combating risks related to unnecessary expenses on licenses.

Optimus enables businesses to optimize their SAP investments through tailored optimization strategies and continuous support, enhancing efficiency and maximizing value.

Go for Optimus for SAP Applications and open up new chapters of your technology journey as an organization. Get in touch with ToggleNow if you need more information.

Read more: https://togglenow.com/case-studies/case-study-on-sap-licensing-optimization/

[uswanth-123]

SAP GRC Conference 2024

The Future of Integrated GRC: Highlights and Anticipations from the SAP GRC Conference 2024

The SAP GRC Conference 2024 was a resounding success. Held in Brussels, it brought together industry experts, SAP customers, and partners for cutting-edge discussions on Governance, Risk, and Compliance (GRC). This groundbreaking event united the former SAP for Internal Controls, Compliance, and Risk Management and the SAP for Cyber Security and Data Protection conferences, exemplifying the increasing convergence of GRC disciplines.

Key Themes and Takeaways

Business-Integrated GRC:  A recurring theme was the need for GRC to become less siloed and more deeply woven into organizational strategy and decision-making. Leaders emphasized that proactive, integrated GRC can create a competitive advantage rather than function as a necessary overhead cost.

Automation and AI:  The conference highlighted how automation and artificial intelligence reshape GRC processes. Intelligent tools can take on routine tasks, risk pattern identification, and predictive analytics, freeing GRC professionals to focus on complex issues and strategic planning.

The Evolving Risk Landscape:  Discussions centered around the evolving risk landscape in the digital age. Topics like third-party risk, supply chain disruptions, and rapidly changing regulatory frameworks were hotbeds of conversation. The necessity for agile GRC systems that can adapt to these shifting dangers was paramount.

Speaker Insights and Highlights

Michael Rasmussen (GRC 20/20): This GRC thought leader offered a visionary keynote on the future of business-integrated GRC, the role of advanced technologies, and how organizations can leverage GRC for transformation and resilience.

Charlotte Hedemark (FERMA): The newly appointed FERMA President shared perspectives on risk management in the face of recent disruptions, strategies for building risk maturity, and fulfilling board-level expectations.

SAP Leadership:  SAP executives unveiled future roadmaps for the SAP GRC suite. They focused on tighter integration across modules, enhanced automation capabilities, and a user-centric approach for better risk insights and reporting.

Beyond the Sessions: Networking and Collaboration

The SAP GRC Conference 2024 thrived on the energy of the GRC community. Networking opportunities allowed for best practice sharing and solution comparisons and sparked potential new partnerships. The vibrant exhibition floor showcased innovative solutions and cutting-edge technologies shaping the future of risk and compliance.

Looking Ahead

The SAP GRC Conference 2024 underscored the pivotal moment GRC finds itself in. The focus is shifting from mere compliance to strategic, value-driven GRC that empowers businesses to tackle new challenges and seize opportunities in a dynamic global landscape. GRC professionals must embrace these themes and drive innovation within our organizations to secure our collective futures.

You can find more information about SAP  GRC in this  SAP GRC Link

 

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[m2iconsulting]

 Importance of Internal Audits

Internal audits are essential for assessing an organization's operations, identifying risks, ensuring compliance with regulations, and improving overall efficiency. They provide insights into financial, operational, and compliance-related aspects of your business.

Why Use Software for Internal Audits?

Efficiency: Software automates many audit processes, reducing the time and effort required to conduct audits.

Accuracy: Manual audits can be error-prone. Audit software helps ensure accuracy in data collection and analysis.

Consistency: Software enforces consistent audit procedures and documentation across your organization.

Real-time Reporting: With audit software, you can generate real-time reports, making it easier to track progress and address issues promptly.

Data Security: Audit software enhances data security, protecting sensitive information from unauthorized access.

Top Software Solutions for Internal Audits

ACL GRC: ACL GRC offers a comprehensive solution for internal audits, including risk assessment, data analysis, and reporting. It's known for its user-friendly interface and robust analytics.

TeamMate+: TeamMate+ is a widely used audit management software that streamlines the entire audit process, from planning to reporting. It offers customizable templates and powerful reporting tools.

AuditBoard: AuditBoard is a cloud-based platform that provides tools for risk assessment, audit management, and compliance. Its user-friendly interface makes it accessible to auditors at all levels.

Wolters Kluwer TeamMate Analytics: This software focuses on data analytics, helping auditors identify trends and anomalies in data. It integrates seamlessly with other audit management systems.

SAP Audit Management: If your organization uses SAP, their Audit Management software is a natural choice. It offers a unified platform for audit planning, execution, and reporting.

Conclusion

In today's fast-paced business environment, efficient and accurate internal audits are crucial for staying competitive and compliant. Investing in audit software can streamline your audit processes, improve accuracy, and provide valuable insights for decision-making. Evaluate your organization's needs and explore the options mentioned above to find the best software for doing internal audits that align with your goals and objectives.

For more details - https://m2iconsulting.com/blog-detail.php?name=Software%20for%20Doing%20Internal%20Audit&id=64

[educlass]

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.

[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/

[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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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Related Reports:

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[noisilyimminentcore]

Case Study: Analyzing Custom Transaction Codes and Updating the Risk Ruleset

Client Overview

Our client, a leading luggage manufacturing company with a global footprint, leverages SAP to manage its complex supply chain, production, and finance operations. Over the years, the organization had implemented numerous custom transaction codes (T-codes) to optimize specific business processes and address unique operational requirements.

Business Challenge

With these custom developments came heightened security risks, particularly around Segregation of Duties (SoD) violations, unauthorized data access, and insufficient controls in the existing risk ruleset. Their SAP Governance, Risk, and Compliance (GRC) solution was configured primarily for standard SAP roles and lacked visibility into these customized T-codes.

Key issues included:

Incomplete risk coverage due to unregistered custom transactions.

False negatives in SoD reports—critical conflicts were not being flagged.

Increased audit findings due to lack of clarity around control effectiveness.

Complexity in role redesign due to outdated risk ruleset configurations.

Objectives

Identify and assess all custom T-codes in the SAP environment.

Map these transactions to their underlying functionality.

Determine the risk implications of each custom transaction.

Update the GRC risk ruleset to reflect actual business risks accurately.

Improve SoD monitoring and access controls for future resilience.

Approach and Methodology

Inventory and Discovery

Extracted a comprehensive list of all custom T-codes using SAP TSTCT and TSTC tables.

Mapped each custom transaction to associated programs, function modules, and standard T-codes (if applicable).

Risk Impact Assessment

Collaborated with business process owners and functional teams to understand the intent and use of each custom transaction.

Assessed risks based on actions performed (e.g., posting, changing master data, executing reports).

Benchmarked against standard SAP functionality to align risk classification.

Ruleset Enhancement

Modified the existing GRC Access Control ruleset to include newly identified custom T-codes.

Categorized risks under Conflicting Activities, Critical Actions, and Sensitive Transactions.

Ensured the rules reflected actual process risks, not just theoretical mappings.

Testing and Validation

Performed SoD simulation analysis post-ruleset update.

Validated results with internal audit and compliance teams.

Corrected role assignments and removed excessive privileges based on simulation outcomes.

Sustainable Governance

Implemented a custom T-code governance policy, requiring risk analysis for any new custom development.

Trained internal teams on maintaining the ruleset.

Scheduled periodic reviews to align with evolving business processes and regulatory changes.

Outcomes and Benefits

Enhanced Risk Visibility: The updated ruleset uncovered 23 previously undetected SoD violations, allowing timely remediation.

Reduced Audit Findings: The internal audit team reported a 40% decrease in access control-related audit issues.

Improved Compliance: Enabled better alignment with SOX, GDPR, and internal compliance frameworks.

Operational Efficiency: The new process reduced manual review efforts for access requests by 60%.

Future-Ready Framework: Established a scalable and adaptive ruleset capable of incorporating future system changes.

Lessons Learned

Customization Requires Continuous Oversight: Every custom T-code must be evaluated with the same rigor as standard transactions.

Cross-functional Collaboration is Key: Involving IT, business users, compliance, and audit teams led to a more holistic and accurate risk assessment.

Tools Matter: Leveraging SAP GRC effectively demands proper configuration, regular updates, and alignment with business realities.

Conclusion

By proactively analyzing and integrating custom transaction codes into the SAP GRC risk ruleset, the luggage manufacturer significantly strengthened its security posture and compliance readiness. This initiative not only resolved immediate control gaps but also embedded a sustainable governance mechanism, ensuring long-term resilience in their SAP environment.

Read more: https://togglenow.com/

[yfthg]

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.

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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About Data Bridge Market Research:

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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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.

[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

[suchi05]

How we helped businesses succeed by providing them with innovative and effective solutions to manage risks

In today’s business landscape, managing SAP systems can be challenging. Many companies struggle with Segregation of Duties (SoD) conflicts and irrelevant transaction codes, making audits cumbersome and increasing the risk of fraud.

Our client, a chemical company with a sizable user base, faced similar issues. SoD conflicts were rampant, and irrelevant transaction codes abounded, complicating their SAP management.

ToggleNow provided a solution: their SAP-certified Verity application, paired with industry-standard risk rule sets. By restructuring roles and implementing controls, they reduced SoD conflicts by 42% and minimized role changes.

ToggleNow’s straightforward approach transformed our client’s SAP management, simplifying audits and mitigating risks effectively.

Read more: https://togglenow.com/case-studies/how-we-helped-businesses-succeed-by-providing-them-with-innovative-and-effective-solutions-to-manage-risks/

[differenttimemachinecrusade]

Global Capability Centers eGRC Market Report 2032: Size, Growth, Trends & Forecast Analysis

The Enterprise Governance, Risk, and Compliance Market Size was valued at USD 18.1 Billion in 2023 and is expected to reach USD 55.4 Billion by 2032 and grow at a CAGR of 13.22% from 2024-2032.

Enterprise Governance, Risk, and Compliance (eGRC) Market is rapidly evolving as organizations across industries strive to navigate an increasingly complex regulatory environment. As businesses expand globally and face rising scrutiny from regulators, investors, and stakeholders, eGRC solutions have become essential for streamlining processes, ensuring compliance, and minimizing risk exposure. The integration of digital technologies, such as artificial intelligence, cloud computing, and data analytics, has significantly transformed the way organizations manage governance, risk, and compliance functions.

Enterprise Governance, Risk, and Compliance (eGRC) Market continues to grow as enterprises prioritize transparency, accountability, and risk-aware decision-making. From financial institutions to healthcare providers, companies are embracing centralized platforms to improve internal controls, monitor compliance, and maintain operational integrity. The growing need for real-time risk visibility, along with the increasing frequency of cyber threats, is pushing the demand for robust eGRC frameworks and automated systems.

Get Sample Copy of This Report: https://www.snsinsider.com/sample-request/4785 

Market Keyplayers:

IBM - IBM OpenPages

Microsoft - Microsoft Compliance Manager

Oracle - Oracle Governance Risk and Compliance

SAP - SAP GRC Solutions

Dell Inc. - Dell EMC Governance and Compliance Solutions

Wolters Kluwer - OneSumX Regulatory Reporting

RSA Security - RSA Archer Suite

MetricStream - MetricStream GRC Platform

ServiceNow - ServiceNow Governance, Risk, and Compliance

SAS Institute - SAS Risk Management

LogicManager - LogicManager GRC Software

SailPoint Technologies - SailPoint Identity Governance

CyberSaint - CyberStrong Platform

NAVEX Global - NAVEX Risk Management Software

Bwise (a Nasdaq Company) - BWise GRC Software

RiskWatch - RiskWatch Compliance Solutions

Galvanize (now Diligent) - HighBond Platform

Trustwave - Trustwave Compliance Solutions

Apex Analytix - Apex Analytix Compliance Solutions

Cura Software Solutions - Cura GRC Software

Key Market Trends

Cloud-Based eGRC Solutions: Organizations are adopting cloud-based platforms for scalability, flexibility, and lower operational costs. Cloud deployment also ensures easier updates and integration across enterprise systems.

Integration of AI and Analytics: Artificial intelligence and predictive analytics are being used to identify potential risks, detect anomalies, and automate compliance checks, allowing faster and more accurate decision-making.

Growing Focus on Cybersecurity and Data Privacy: With increasing cyber risks and data protection regulations like GDPR and CCPA, eGRC solutions are focusing more on information security governance.

Regulatory Complexity and Dynamic Compliance Requirements: Businesses are dealing with frequent updates in local and global regulations. eGRC platforms help manage multiple compliance frameworks efficiently.

Enquiry of This Report: https://www.snsinsider.com/enquiry/4785 

Market Segmentation:

By Component

Software

Services

By Deployment

Cloud

On-premises

By Organization size

Large Enterprise

Small & Medium Enterprise

By Vertical

BFSI

Healthcare

Government

Energy & Utilities

Manufacturing

Retail & Consumer Goods

Telecom & IT

Market Analysis

Widespread Industry Adoption: eGRC solutions are being deployed across various sectors including BFSI, healthcare, manufacturing, energy, and IT services to ensure regulatory compliance and manage risk.

North America Leads, APAC Rising: North America holds a significant market share due to early adoption and strict regulations. However, Asia-Pacific is expected to see the fastest growth with increasing awareness and technology adoption.

Demand for Integrated Platforms: Organizations are shifting from siloed tools to unified eGRC platforms that offer end-to-end visibility, real-time reporting, and advanced risk management capabilities.

Future Prospects

The future of the Enterprise Governance, Risk, and Compliance (eGRC) Market is poised for continued innovation and expansion. Advancements in AI, machine learning, and blockchain are expected to enhance transparency, automate controls, and provide more intelligent risk insights. As regulatory environments become more complex, companies will increasingly rely on smart eGRC systems to adapt quickly and maintain compliance without sacrificing agility.

Emerging areas such as environmental, social, and governance (ESG) compliance are also creating new avenues for eGRC platforms. Enterprises will need tools to measure and report ESG performance alongside traditional risk and compliance metrics. In addition, mobile-first and user-friendly interfaces will become essential for increasing adoption across all levels of the organization.

Access Complete Report:https://www.snsinsider.com/reports/enterprise-governance-risk-and-compliance-market-4785 

Conclusion

The Enterprise Governance, Risk, and Compliance (eGRC) Market is entering a transformative phase, where automation, intelligence, and integration are key to driving operational efficiency and strategic resilience. As organizations face an ever-evolving landscape of risks and regulations, investing in advanced eGRC solutions is no longer optional—it's a strategic imperative.

With continuous innovation and growing enterprise demand, the eGRC market is set to become an indispensable pillar in ensuring corporate integrity, accountability, and long-term success in the digital age.

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Contact Us:

Jagney Dave - Vice President of Client Engagement

Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)

[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

[mannloweitservices]

How SAP is Revolutionizing Financial Services: Modern Solutions for the Future

In today’s rapidly evolving financial landscape, staying ahead of technological advancements is no longer optional for financial institutions. The growing complexity of global markets, stricter regulatory requirements, and the increasing demand for seamless customer experiences are driving the need for innovative solutions. Enter SAP (Systems, Applications, and Products in Data Processing), a powerful tool that is revolutionizing the financial services industry by enabling modernization and efficiency.

Understanding the Challenges in Financial Services

The financial services industry faces numerous challenges that demand robust technological solutions:

Regulatory Compliance: With global regulations like Basel III and GDPR, financial institutions need systems that ensure transparency and compliance while reducing the risk of penalties.

Data Overload: The industry generates massive volumes of data daily. Managing, analyzing, and leveraging this data effectively is critical for making informed decisions.

Customer Expectations: Today’s customers expect personalized, instant, and secure services. Traditional banking methods often fall short of these expectations.

Operational Inefficiencies: Legacy systems are cumbersome and lack the agility required to compete in a digital-first world.

Cybersecurity Threats: Financial institutions are prime targets for cyberattacks, making robust security measures an essential requirement.

How SAP is Transforming Financial Services

SAP offers a suite of solutions designed to address these challenges, making it a key enabler of modernization in financial services. Let’s explore some of its transformative capabilities:

1. Streamlining Financial Processes

SAP’s financial management tools, such as SAP S/4HANA, provide real-time insights into financial data. These tools streamline critical processes like budgeting, forecasting, and financial reporting, ensuring greater accuracy and efficiency.

Real-time Analytics: SAP S/4HANA’s in-memory computing allows financial institutions to process and analyze data instantly, enabling faster decision-making.

Automated Workflows: Automation reduces manual errors and increases operational efficiency across various departments.

2. Enhancing Regulatory Compliance

SAP solutions are built with compliance in mind. Tools like SAP GRC (Governance, Risk, and Compliance) help institutions stay ahead of regulatory requirements by:

Automating compliance checks.

Providing a centralized platform for risk management.

Generating transparent and auditable reports for regulators.

3. Optimizing Customer Experience

In the age of digital banking, customer satisfaction is paramount. SAP’s CRM and CX solutions enable financial institutions to deliver personalized experiences through:

Customer Insights: Advanced analytics and AI-powered tools provide a 360-degree view of customer behaviors and preferences.

Omnichannel Support: SAP’s solutions ensure consistent service across multiple channels, including mobile, web, and in-branch.

4. Enabling Digital Transformation

SAP empowers financial institutions to embrace digital transformation by modernizing legacy systems and integrating cutting-edge technologies like AI, machine learning, and blockchain.

Cloud Solutions: SAP’s cloud-based offerings provide scalability and flexibility, reducing the need for costly on-premises infrastructure.

Blockchain Integration: Blockchain technology enhances transaction security and reduces fraud risks.

5. Strengthening Cybersecurity

With SAP’s advanced security measures, financial institutions can protect sensitive data from cyber threats. Features include:

Identity Management: SAP’s identity and access management solutions ensure secure access to critical systems.

Data Encryption: End-to-end encryption safeguards data integrity.

Why Financial Institutions Should Invest in SAP

Investing in SAP solutions offers numerous benefits for financial institutions:

Improved Efficiency: Automating processes and leveraging real-time analytics leads to significant cost savings and operational efficiency.

Competitive Advantage: Modernized systems enable institutions to stay ahead of the competition in a rapidly evolving market.

Scalability: SAP’s flexible solutions grow with your business, accommodating future needs.

Future-Proofing: With continuous updates and innovations, SAP ensures that financial institutions remain prepared for emerging challenges.

Getting Started with SAP

Implementing SAP requires careful planning and execution. Here’s a roadmap to get started:

Assess Your Needs: Identify key areas where SAP can add value, such as compliance, customer experience, or operational efficiency.

Choose the Right Partner: Collaborate with an experienced SAP implementation partner for a seamless transition.

Train Your Team: Invest in training programs to ensure your team can leverage SAP’s capabilities effectively.

Monitor and Optimize: Continuously monitor system performance and make necessary adjustments to maximize ROI.

Conclusion

The role of SAP in modernizing financial services is undeniable. By addressing critical challenges and enabling digital transformation, SAP empowers financial institutions to thrive in a competitive landscape. Whether it’s enhancing customer experiences, ensuring compliance, or streamlining operations, SAP’s comprehensive solutions pave the way for a future-ready financial industry.

Ready to transform your financial institution with SAP? Visit MannLowe to learn how we can help you implement the right SAP solutions for your business.

[touggulnow]

SAP Business Integrity Screening? What should you know?

SAP Business Integrity Screening

SAP Business Integrity Screening is a tool that helps organizations detect potential risks and compliance issues within their business processes. It is a key component of SAP’s Governance, Risk, and Compliance (GRC) suite, which provides a range of solutions to help organizations manage risk and ensure compliance with various regulations and standards.

One of the main benefits of SAP Business Integrity Screening is its ability to automate the risk detection process. By integrating with various SAP systems and data sources, it can continuously monitor business transactions and flag any potential risks or issues for further investigation. This can help organizations identify problems before they become more serious and take proactive steps to mitigate any risks..

SAP Business Integrity Screening also provides a range of analytical tools and reporting capabilities, which allow organizations to analyse and understand the risks they face. This includes the ability to create custom risk scenarios, simulate different risk scenarios to understand the potential impacts and create reports to help communicate risk information to relevant stakeholders..

In addition to detecting potential risks, SAP Business Integrity Screening can also help organizations manage and mitigate those risks. It provides a range of tools to help organizations develop and implement risk management plans, as well as tools to monitor the effectiveness of those plans..

Overall, SAP Business Integrity Screening is a powerful tool that can help organizations detect and manage risks and ensure compliance with various regulations and standards. Automating the risk detection process, providing analytical tools, and reporting capabilities, it can help organizations proactively manage risk and ensure the integrity of their business processes..

There are several advantages to using SAP Business Integrity Screening:

Real-time monitoring: SAP Business Integrity Screening can scan millions of transactions and communications per day, helping organizations detect and address potential issues in real time.

Advanced analytics and machine learning: The tool uses advanced analytics and machine learning algorithms to analyse data sources and flag potential violations of legal and ethical standards.

Compliance management: SAP Business Integrity Screening provides detailed reports and dashboards that give organizations visibility into their compliance status and allow them to track progress over time.

Customization: The tool can be customized to meet the specific needs and requirements of different organizations and industries.

Scalability: SAP Business Integrity Screening can handle large volumes of data, making it suitable for organizations of all sizes.

Integration with other SAP solutions: SAP Business Integrity Screening can be easily integrated with other SAP solutions, such as SAP S/4HANA and SAP Ariba, providing a seamless and consistent experience for users.

Frequently asked questions

What is the difference between SAP Processs Control & SAP BIS?

SAP Process Control is a tool that helps organizations improve the efficiency and effectiveness of their business processes. It uses analytics and machine learning algorithms to monitor and optimize key business processes in real-time and identify areas for improvement.

SAP Business Integrity Screening, on the other hand is a tool that helps organizations ensure compliance with laws and regulations, protect their reputation, and reduce the risk of financial and reputational damage. It uses advanced analytics and machine learning algorithms to scan transactions, communications, and other data sources for potential violations of legal and ethical standards.

While both tools use advanced analytics and machine learning, they serve different purposes. SAP Business Integrity Screening is focused on compliance and risk management, while SAP Process Control is focused on process optimization. However, they can be used together to help organizations achieve both compliance and process efficiency.

Read More: https://togglenow.com/blog/sap-business-integrity-screening/