SAP Financial Compliance Management (FCM) is a comprehensive solution for navigating the complex landscape of financial regulations and automating internal controls over financial reporting. It helps to transform manual, error-prone and costly control processes into automated processes that enable faster and more accurate real-time detection, resolution and reporting. Thanks to this you can shift from reactive to proactive compliance management.
SAP Financial Compliance Management can be deployed in SAP S/4HANA Cloud or on premise. Moreover, integration with SAP Signavio Process Manager empowers your organization to increase transparency on business process compliance and visualize controls assignments.
SAP Financial Compliance Manaement (SAP FCM) key features:
- Configurable automated and manual procedures
- AI – driven decision support, deviation detection in transactions and processes and issue remedation
- Audit and certification management
- Complex risk aggregation and simulation
- Extended analytical and reporting capabilities
End – user perspective of using SAP Financial Compliance Management (SAP FCM):
SAP Financial Compliance Manaement (SAP FCM) key benefits:
- Increased compliance efficiency thanks to automated content
- Centralized and simplified management
- Minimization of misstatements and fraud risks
- Cost reduction per control
- Long – term tool support