What is bogus business in SAP GRC-BIS - SAP Business Integrity Screening?

SAP Term: bogus business

• Component: GRC-BIS

• Component Name: SAP Business Integrity Screening

• Description: A fictitious transaction.

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• Key Concepts: 
  Bogus Business is a term used to describe a business entity that is not legitimate or has been created for the purpose of fraud. GRC-BIS SAP Business Integrity Screening is a tool that helps organizations identify and prevent fraudulent activities by screening business entities against global watchlists and other data sources.
  
  How to use it: 
  GRC-BIS SAP Business Integrity Screening can be used to detect bogus businesses by screening business entities against global watchlists and other data sources. The tool can also be used to monitor existing business entities for changes in their status or ownership.
  
  Tips & Tricks: 
  When using GRC-BIS SAP Business Integrity Screening, it is important to ensure that the data sources being used are up-to-date and accurate. Additionally, it is important to regularly review the results of the screening process to ensure that any changes in the status or ownership of existing business entities are identified and addressed.
  
  Related Information: 
  GRC-BIS SAP Business Integrity Screening is part of the SAP Governance, Risk, and Compliance (GRC) suite of products. Other products in the GRC suite include SAP Access Control, SAP Process Control, and SAP Risk Management.