SAP GRC SOLUTIONS
The increasing dependence on SAP for core business processes renders information confidentiality, integrity, and availability essential. These risks require a comprehensive and cost-effective approach to SAP security and controls. NewportGlobal’s SAP Governance, Risk, and Compliance (GRC) practice can help.
SAP Risk and Controls Transformation
Controls optimization
Utilizing NewportGlobal’s SAP risk and controls transformation capabilities, our practitioners will help ensure an optimized and automated internal control environment aligned with your organization’s key business processes and corresponding IT elements. NewportGlobal offers an extensive set of tools, assets, and accelerators that can be leveraged to provide industry-tested leading practices that will enable your SAP business transformation. The approach will help reduce the total cost of compliance as well as ensure leading practices are incorporated into the business process design.
Controls integration
Over the last 20 years, organizations of all sizes have begun their business transformation by embarking on strategic SAP implementations projects that require significant capital investment. Even with this significant investment in technology, organizations have struggled to unlock the value of their SAP implementation and are often left with a system that fails to transform their business. On top of all that, internal controls are either lacking or are still highly manual in nature, leaving companies to wonder what they got for their money.
At NewportGlobal, we recommend organizations include a dedicated security, internal controls, and SAP GRC work stream as part of their SAP transformation project. Most companies mistakenly believe their system integrator has this covered until they read the fine print on their contract and realize support is limited at best. That is where we come in—NewportGlobal’s SAP practice can help organizations realize the value of SAP by enabling automation, developing streamlined controls and securing the Enterprise Resource Planning (ERP).
Service offerings:
- SAP controls integration and optimization
- SAP risk and controls assessment
- SAP real-time systems implementation assessment
Objectives and benefits:
- Optimize and automate SAP controls environment across the enterprise
- Standardize and simplify SAP risk and control activities
- Shift from manual, detective control-based environment to an automated, preventative environment
- Reduce overall cost of control execution and regulatory compliance
SAP Security Transformation and Cybersecurity
SAP security transformation
Increasing regulations, ever-evolving technologies, centralization of functions within businesses, and the increased threat of security breaches have resulted in application security becoming more critical and complex to manage. An ineffective SAP security design not only can lead to operational inefficiencies but can also introduce risk.
NewportGlobal’s SAP security solutions contain tested methodologies and accelerators that can help you establish and deploy an optimal SAP security strategy that eliminates risk, is sustainable, scalable, and flexible.
SAP cybersecurity
NewportGlobal’s SAP cybersecurity and patch management capabilities will address the greatest risk facing organizations today, a cyber attack. The volume and sophistication of threats has increased exponentially, leading to a wave of data breaches involving the theft of customer information and intellectual property. Existing security and governance strategies are simply no longer adequate to protect the interconnected SAP landscape from such threats. NewportGlobal offers an approach that will secure the SAP landscape by streamlining the process for evaluating and applying patches and developing a holistic SAP security and governance strategy that protects the entire SAP technology stack to address evolving risk.
As an organization, you want to know whether you have an adequate approach to SAP cybersecurity. At NewportGlobal, we can assess your SAP security landscape for advanced security threats, and then implement security and monitoring throughout the entire SAP technology stack. This integrated approach to securing the SAP landscape is based on the principle of Defense in Depth.
Services offerings:
- SAP security assessment
- SAP security implementation/redesign
- SAP security remediation
- Cybersecurity assessment
- SAP security operations strategy
- SAP patch management
Objectives and benefits:
- Eliminate segregation of duties and sensitive access issues
- Enhance sustainability and scalability of the SAP security design, thereby reducing the amount of time on administration
- Recognize and remediate the cybersecurity risks that threaten the SAP environment
- Implement good practice security for the entire SAP technology stack
- Monitor SAP landscapes, databases, operating systems, and networks for developing cyber threats
- Maintain an up-to-date inventory of current patches and information pertinent to each release
- Identify and implement the patches that are relevant to the systems in the landscape
- Eliminate the need for expensive third-party solutions
SAP GRC Technology Integration
GRC technology provides the capability to manage the complete control environment. Focusing on prevention and automation, GRC technology enables efficiency gains and strengthens the operation of processes to meet compliance requirements throughout the enterprise.
NewportGlobal’s SAP GRC technology integration capabilities enables organizations to realize the benefits and value that can be obtained from the embedment of these solutions through not only implementing a technology, but also integrating that technology into your internal controls environment.
Service offerings:
- SAP GRC solution implementations/enhancements (access control, process control, risk management, audit management, and fraud management)
- Other GRC technology implementations/enhancements
- Facts 2 Value – transactional level data analytics
Objectives:
- Leveraging a tested methodology, implement SAP GRC solutions and fully integrate within your SAP and control environment
- Enable compliance of SAP business processes with policies and procedures through technology
- Identify “root causes” behind operational issues
- Enhance operational efficiency
- Help optimize working capital and realize cost savings
- Manage risk more effectively and efficiently
SAP Project Assurance and Compliance Services
Our SAP professionals are skilled and experienced in delivering IT audit and project assurance compliance engagements, assisting clients in implementing and testing IT controls as part of compliance efforts.
Service offerings:
- SAP IT compliance services
- Real-time systems implementation compliance assessment
Objectives:
- Provide risk assessment, process analysis, and control mapping
- Perform flowcharting, control scoping, and controls testing
- Identify deficiencies and compensatory controls
- Identify “root causes” behind operational issues
- Enhance business processes and improve operational efficiency
- Optimize working capital and realize cost savings