What is SAP Process Control in SAP (BV-ANALYTICS-NEW - Brand Voice - Analytics)?

SAP Term: SAP Process Control

• Component: BV-ANALYTICS-NEW

• Component Name: Brand Voice - Analytics

• Description: An application for internal controls management that enables members of audit and internal controls teams to gain better visibility into key business processes and ensure a high level of reliability in financial statement reporting. SAP Process Control uses a controls-based approach to managing risk associated with business processes and to comply with section 404 of Sarbanes-Oxley Act of 2002. It provides the necessary capabilities to document the control environment, evaluate the controls, certify the state of controls, and report and analyze control information Process Control extends value to key user segments such as audit managers, compliance managers and business process owners.

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• Key Concepts: 
  SAP Process Control is a software solution that helps organizations automate and streamline their internal control processes. It provides a comprehensive set of tools to help organizations identify, monitor, and manage risks associated with their operations. It also helps organizations ensure compliance with internal policies and external regulations. 
  
  How to use it: 
  SAP Process Control can be used to create and manage control plans, monitor control activities, and analyze control results. It also provides a library of pre-defined controls that can be used to quickly set up and manage controls. Additionally, it provides a dashboard for monitoring the status of controls and reporting on control results. 
  
  Tips & Tricks: 
  When setting up controls in SAP Process Control, it is important to ensure that the controls are tailored to the specific needs of the organization. Additionally, it is important to regularly review the controls to ensure they are up-to-date and effective. 
  
  Related Information: 
  SAP Process Control is part of the BV-ANALYTICS-NEW Brand Voice - Analytics suite of products. It is designed to work with other components of the suite, such as SAP Risk Management and SAP Compliance Management, to provide a comprehensive solution for managing risk and compliance.