What is reporting frequency in SAP GRC-RM - GRC Risk Management?

SAP Term: reporting frequency

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: The frequency with which reporting is carried out. in Sustainability Reporting, the reporting frequency depends on the reporting framework chosen for evaluation.

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• Key Concepts: 
  Reporting frequency is a term used in SAP GRC Risk Management (GRC-RM) to refer to the rate at which risk reports are generated. Reports can be generated on a daily, weekly, monthly, quarterly, or yearly basis. The frequency of reporting is determined by the organization's risk management strategy and the type of risk being reported.
  
  How to use it: 
  In SAP GRC-RM, reporting frequency is set up in the Risk Management Configuration screen. Here, users can select the frequency of reporting for each type of risk. Once the frequency is set, reports will be generated automatically at the specified intervals.
  
  Tips & Tricks: 
  It is important to ensure that the reporting frequency is set correctly for each type of risk. If the frequency is too low, important risks may not be identified in time; if it is too high, it may lead to unnecessary overhead costs.
  
  Related Information: 
  For more information on setting up reporting frequency in SAP GRC-RM, please refer to the official SAP documentation.