What is compliance in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: compliance

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The act or process of adhering to policies and agreed-upon contract terms. This may be internal within a buying organization or external suppliers.

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• Key Concepts: 
  Compliance in SAP LOD-ESO Sourcing OnDemand is the process of ensuring that all activities and processes within the system adhere to the applicable laws, regulations, and standards. This includes ensuring that all data is accurate and up-to-date, as well as ensuring that all users are following the proper procedures. Compliance also involves monitoring and auditing the system to ensure that it is functioning properly. 
  
  How to use it: 
  In order to ensure compliance with applicable laws, regulations, and standards, SAP LOD-ESO Sourcing OnDemand provides a variety of tools and features. These include automated compliance checks, which can be used to detect any potential issues or discrepancies in the system. Additionally, users can set up alerts to be notified when certain activities or processes are not compliant with the applicable laws, regulations, and standards. 
  
  Tips & Tricks: 
  It is important to regularly review and update the compliance settings in SAP LOD-ESO Sourcing OnDemand. This will ensure that the system is always up-to-date with the latest laws, regulations, and standards. Additionally, users should take advantage of the automated compliance checks to quickly identify any potential issues or discrepancies in the system. 
  
  Related Information: 
  For more information on compliance in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation provided by SAP. Additionally, there are a variety of online resources available that provide additional information on compliance in this system.