What is event-driven issue management in SAP GRC-SPC - GRC Process Controls for SAP?

SAP Term: event-driven issue management

• Component: GRC-SPC

• Component Name: GRC Process Controls for SAP

• Description: Process Control manages exceptions and policy violations by creating and routing issues. PC tests controls proactively on a schedule, or reactively by listening for events. Event-driven issue management refers to the creation, routing and behavior of issues under this reactive mode of PC.

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• Key Concepts: 
  Event-driven issue management is a feature of the GRC-SPC GRC Process Controls for SAP S/4HANA component. It enables organizations to identify, assess, and manage risks associated with their business processes. This is done by monitoring events that occur in the system and triggering alerts when certain conditions are met. The alerts can then be used to initiate corrective actions or further investigation.
  
  How to use it: 
  Event-driven issue management can be used to identify potential risks in a business process. It works by monitoring events that occur in the system and triggering alerts when certain conditions are met. The alerts can then be used to initiate corrective actions or further investigation. The system also provides a dashboard that allows users to view and analyze the data collected from the events.
  
  Tips & Tricks: 
  When setting up event-driven issue management, it is important to ensure that the conditions for triggering alerts are set correctly. This will ensure that only relevant events are monitored and that the alerts are triggered at the right time. Additionally, it is important to ensure that the dashboard is configured correctly so that users can easily view and analyze the data collected from the events.
  
  Related Information: 
  Event-driven issue management is part of the GRC-SPC GRC Process Controls for SAP S/4HANA component. It is also related to other features such as risk assessment, compliance monitoring, and audit management. Additionally, it can be used in conjunction with other SAP components such as SAP BusinessObjects and SAP HANA for more comprehensive risk management solutions.