What is risk score in SAP GRC-BIS - SAP Business Integrity Screening?

SAP Term: risk score

• Component: GRC-BIS

• Component Name: SAP Business Integrity Screening

• Description: In a detection strategy, you multiply the results of the detection method with the weighting factor to come up with a score.

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• Key Concepts: 
  Risk score is a numerical value assigned to an entity (e.g. customer, supplier, employee) based on the risk associated with that entity. It is used in SAP Business Integrity Screening (GRC-BIS) to identify and assess potential risks associated with entities. The risk score is calculated using a variety of factors such as financial data, legal information, and other relevant data. 
  
  How to use it: 
  Risk scores can be used to identify high-risk entities and prioritize them for further investigation. The risk score can also be used to set thresholds for further action, such as additional screening or monitoring of the entity. 
  
  Tips & Tricks: 
  It is important to regularly review and update the risk scores of entities in order to ensure accuracy and relevance. Additionally, it is important to consider the context of the risk score when making decisions about entities. 
  
  Related Information: 
  Risk scores are just one part of the overall risk assessment process. Other factors such as reputation, compliance history, and customer feedback should also be taken into account when assessing risk.