Recently the ERP Maestro team did double conference duty, covering both the SAPinsider GRC & Financials and IIA GAM conferences during the week of March 20th. And what a week it was! We officially announced new features and received very positive reviews during the group demo sessions we held with attendees. Of course, it was also great to get face time with our new and familiar Internal Control Freak friends.
While not every segregation of duties (SoD) risk leads to fraud, it makes it more likely to happen. According to a 2016 KPMG report on internal fraud, weak controls were a contributing factor for 61 percent of fraud cases and over half of fraudsters were currently employed by the company.
Even though private companies do not have to comply with Sarbanes-Oxley (SOX) and other regulations as public companies do, it’s still important to maintain security and minimize risk in SAP.