ControlPanelGRC Process Analyzer Brings Continuous Controls Monitoring and Audit Solution for Business Processes in SAP Environments

Affordable, Quick to Implement, Easy-To-Use, ControlPanelGRC Process Analyzer Continuously Monitors For Exceptions And Fraud, Maximizing Operational Effectiveness And Eliminating Inefficiencies In The Procure To Pay And Order To Cash Processes In SAP Environments

MILWAUKEE--(BUSINESS WIRE)-- SymSoft Corporation, a provider of Governance, Risk and Compliance (GRC) solutions for SAP^® environments, today announced the introduction of ControlPanelGRC™ Process Analyzer, a Continuous Controls Monitoring (CCM) and Continuous Audit (CA) solution that provides end-to-end visibility into the effectiveness of business processes and key controls.

Supporting C-level executives, line of business managers and internal auditors, Process Analyzer eliminates business process inefficiencies, maximizes operational effectiveness and positions organizations for continuous audit readiness.

Costing much less and quicker to implement than competitive offerings, Process Analyzer is a business controls monitoring solution that identifies and sends timely, proactive, automated alerts of business rule violations, reviews document data, and establishes forensic evidence through exception-based reporting, ensuring that business processes and procedures are adhered to.

“Continuous Controls Monitoring contributes value to risk management and compliance initiatives by lowering compliance costs, improving financial governance and improving operational performance,” said French Caldwell, Vice President and Research Director at Gartner, Inc. “CCM technologies are applied automatically and periodically to support the monitoring of controls of financial processes that are repeatable, consistent and predictable.”

Often, company officials don’t have answers on whether actual financial performance matches expected performance, or whether their organizations can monitor activities at the configuration, master data and transactional levels. Process Analyzer answers such questions.

“ControlPanelGRC Process Analyzer replaces manual inspection of selected data with CCM that automatically compares business process activity to the organization’s best practices, and notifies key personnel of any exceptions instantly,” said Dan Wilhelms, President and CEO of SymSoft. “Yet unlike other CCM solutions that cost hundreds of thousands of dollars and require long implementation schedules, this next-generation GRC tool is significantly less expensive and can be monitoring your business processes in just a couple of weeks.”

Among the first business processes to be addressed with ControlPanelGRC Process Analyzer are Procure-to-Pay and Order-to-Cash.

ControlPanelGRC Process Analyzer for Procure to Pay creates the integrated ecosystem that provides instant, detailed insight into the end-to-end procurement process in SAP. It specifically addresses the issues of spend leakage and the risk of fraud, and delivers improvements to businesses immediately.

Its automated reporting provides a complete view of all activities, improving accuracy while simultaneously reducing the time and cost required for regularly scheduled audits.

ControlPanelGRC Process Analyzer for Order to Cash provides instant visibility into the entire sales order process in SAP. It sets controls in place at the configuration, master and transactional data levels that automate the monitoring process, notifying key decisions-makers of changes or unusual activities as they occur, helping improve governance while greatly reducing risk.

“For executives in particular, Process Analyzer identifies business process breakdowns and enforces best practices and corporate policies, which mitigate fraud, misuse and waste, and lowers the Total Cost of Compliance,” Wilhelms said.

Process Analyzer also delivers a pro-active dynamic exceptions-based reporting model on critical business controls to line of business managers.

“Process Analyzer gives them the visibility into business process inefficiencies and allows them to manage exceptions in real-time, which reduces risks and automates compliance,” Wilhelms said.

Internal auditors, for their part, gain a continuous audit solution that eliminates the time-consuming, ineffective practice of sample testing, reduces audit preparation and cost, and improves the process by putting them in a state of continuous audit readiness.

About ControlPanelGRC

ControlPanelGRC is a next-generation Governance, Risk and Compliance (GRC) suite of modular, integrated applications that addresses the major areas of compliance concern at every corporate level for SAP users. Developed by SymSoft, a Milwaukee, Wis., based company, ControlPanelGRC provides an affordable, robust toolset with functionality not available from first generation products. As a result, executives can satisfy compliance requirements while workflows for SAP Security and Technical administration are accelerated for improved productivity and responsiveness. For more information about ControlPanelGRC, visit www.ControlPanelGRC.com.

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