What is regulation in SAP GRC-SPC - GRC Process Controls for SAP?

SAP Term: regulation

• Component: GRC-SPC

• Component Name: GRC Process Controls for SAP

• Description: A law, rule, or other order prescribed by an authority to regulate conduct.

Smart SAP Assistant

• Key Concepts: 
  Regulation is a feature of GRC-SPC GRC Process Controls for SAP that allows organizations to monitor and manage compliance with external regulations. It enables organizations to define and track compliance requirements, assess the risk of non-compliance, and take corrective action when necessary. 
  
  How to use it: 
  Organizations can use Regulation to define and track compliance requirements, assess the risk of non-compliance, and take corrective action when necessary. The feature allows organizations to set up rules and policies that are specific to their industry or region, as well as monitor changes in regulations over time. It also provides a centralized view of all compliance requirements, allowing organizations to quickly identify areas of non-compliance and take corrective action. 
  
  Tips & Tricks: 
  Organizations should ensure that they are regularly monitoring changes in regulations and updating their rules and policies accordingly. Additionally, they should ensure that all employees are aware of the organization’s compliance requirements and are trained on how to comply with them. 
  
  Related Information: 
  GRC-SPC GRC Process Controls for SAP also includes features such as Risk Management, Audit Management, and Compliance Management. These features can be used in conjunction with Regulation to ensure that organizations are compliant with external regulations.