What is control in SAP GRC - Governance, Risk and Compliance?

SAP Term: control

• Component: GRC

• Component Name: Governance, Risk and Compliance

• Description: A measure, designed to provide reasonable assurance regarding the compliance with policies and the achievement of objectives in the following categories: Effectiveness and efficiency of operations Reliability of financial reporting Adherence to laws and regulations Safeguarding of assets and information

Smart SAP Assistant

• Key Concepts: 
  Control is a key component of Governance, Risk and Compliance (GRC) in SAP. It is a process that helps organizations identify, assess, and manage risks associated with their operations. Control helps organizations ensure that their processes are compliant with applicable laws and regulations, as well as internal policies and procedures.
  
  How to use it: 
  Control in SAP GRC is used to identify potential risks and develop strategies to mitigate them. It involves assessing the current state of the organization’s processes and systems, identifying areas of risk, and developing plans to address those risks. This includes implementing controls such as access control, segregation of duties, and data security.
  
  Tips & Tricks: 
  When implementing control in SAP GRC, it is important to ensure that the controls are tailored to the specific needs of the organization. It is also important to regularly review and update the controls to ensure they remain effective.
  
  Related Information: 
  For more information on control in SAP GRC, please refer to the SAP GRC documentation or contact your local SAP representative.