SAP Fraud Management


What Is SAP Fraud Management?

Fraud can be devastating to a business, leading to financial and legal consequences. Fraud management seeks to identify potential areas for fraud across business processes both internally and externally with partners. SAP Fraud Management looks at potential for fraud related to SAP customers. The SAP tool related to fraud management is called SAP Business Integrity Screening.

What Is SAP Fraud Management?

Fraud can be devastating to a business, leading to financial and legal consequences. Fraud management seeks to identify potential areas for fraud across business processes both internally and externally with partners. SAP Fraud Management looks at potential for fraud related to SAP customers. The SAP tool related to fraud management is called SAP Business Integrity Screening.

Governance, Risk, and Compliance (GRC) teams are often tasked with managing fraud, and they deploy many standard GRC strategies to deal with fraud risk. For example, they may put fraud controls into place as well as collect process and transactional data for fraud analysis. Fraud management often integrates into other areas of GRC, such as the broader Risk Management.

Tools for fraud management look to centralize fraud risk data and automate fraud screening and analysis. Fraud management tools may have the following capabilities, among others:

  • Exception detection and compliance checks
  • Detection strategy calibration
  • Exception-based scenario analysis
  • Business partner screening
  • Automated workflows and notification
  • Continuous Controls Monitoring (CCM)
  • Integrity screening.

Many risk detection and management tools also feature fraud capabilities. For example, Appsian Security’s threat detection and response solutions seek to identify fraud potential from transactional data. Similarly, Fastpath offers tools for risk quantification and transactional controls that can help manage fraud risks. A company like RSM can help organizations establish fraud management programs, including best practices for fraud prevention and detection.

Key Considerations for SAP Fraud Management

  • GRC and fraud management teams are stretched — in our most recent research into the state of the GRC market, we found they have more responsibility but aren’t growing along with that responsibility. The leading companies in our GRC research are utilizing automation to optimize their GRC resources. For fraud management, this could mean automating controls and detection.
  • Fraud risk analysis can also be done at the user access level. For example, Lundbeck implemented a Security Weaver tool for segregation of duties analysis to identify the potential for users to commit fraud. Consider how you can integrate fraud management across GRC and security functions.
  • Centralize your fraud risk data. You are monitoring areas throughout the business for fraud risk. To best manage that fraud risk, you need a single view of where fraud potential exists and which risk holds the most potential harm for the company. This can help your organization prioritize which threats need to be addressed most imminently.

218 results

  1. Detect and Prevent Malicious Business Transactions with SAP Fraud Management

    Reading time: 23 mins

    Learn how to configure SAP Fraud Management for easy detection, investigation, and prevention of fraudulent activities within your enterprise system using standard business contents. Key Concept The Serious Fraud Office (SFO), which is a department in the office of the US Attorney General, defines fraud as an act of deception intended for personal gain or…...…
  2. How Accounts Payable Can Improve Fraud Detection with Robotics and Machine Learning

    Reading time: 10 mins

    Panelists: Brian Shannon, Dolphin, and Ingo Czok, Hanse Orga Group Date: Thursday, February 8th Sponsor: Hanse Orga Fraud prevention and compliance are pressing issues for global organizations. Read the transcript to get advice on how to optimize and centralize Accounts Payable and Payments processing to improve compliance and reduce the risk of fraud. By applying…...…
  3. Get Your SAP System Landscape Technically Ready for SAP Assurance and Compliance

    Reading time: 17 mins

    Gain insight into important configuration activities that are imperative for harnessing the capabilities and offerings of SAP Fraud Management and SAP Audit Management. Key Concept SAP Assurance and Compliance software is the latest addition to the SAP GRC product suite. It  seeks to address fraud and audit challenges in the business environment. The product helps…...…
  4. Payment Fraud

    Intelligent Solutions for Payment Fraud Risk Management

    Reading time: 6 mins

    The extensive nature of supply chain networks creates many points of risk. One of such risks, within the procure to pay space is supplier payment fraud. Some examples of procurement fraud are supplier spoofing, business email compromise and spoofing an officer of a company. Procurement fraud is not only becoming more prevalent but is also…
  5. Protection-Payment-Fraud

    Fraud Concerns Driving Payments Innovation

    Reading time: 5 mins

    In recent years, organizational structures and processes have changed dramatically, presenting new opportunities and challenges for modern CFOs and treasurers. Organizations shifting core business processes online and day-to-day operations to the cloud require payment efficiency and flexibility to stay competitive. As businesses expand globally and increasingly rely on electronic payment methods, the opportunities for fraud…...…
  6. Cybersafe News

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    Reading time: 7 mins

    With fraud and other malfeasance increasing, companies now need to look for more solutions to keep their secure information safe. As fraud has gotten more advanced, companies have realized that they also need to add advanced levels of protection. Unfortunately, more and more enterprises have realized too late that their security standards were not high…
  7. Payment Fraud

    Discussing Payment Fraud Risk Management with Apex

    Reading time: 1 mins

    The extensive nature of supply chain networks creates many points of risk. One of such risks is supplier payment fraud within the procure-to-pay space. Some examples of procurement fraud are supplier spoofing, business email compromise, and spoofing an officer of a company. Procurement fraud is becoming more prevalent and is becoming more and more sophisticated.…
  8. Spotlight on Continuous Transaction Monitoring Software

    Reading time: 7 mins

    SAP’s Sonny Dasgupta answers questions about how an IT organization can protect its company’s reputation and bottom line from fraud with Oversight Systems’ continuous transaction monitoring (CTM) software. Oversight Systems’ CTM application is an SAP-endorsed Enterprise Business Solution. According to the Association of Certified Fraud Examiners’ (ACFE’s) 2010 “Report to the Nations,” 5 percent of…...…
  9. Fraud in Accounts Payable: Fake Invoices, Real Threat

    Reading time: 1 mins

    Accounts payable fraud is a common type of deceit that targets an organization’s accounts payable department, which is responsible for making payments to suppliers and other vendors. The impact of AP fraud on an organization can be extremely detrimental due to the scope and amount of money involved. In fact, according to a recent report…
  10. Identify Fraud Risks with Forensic Audit Queries

    Reading time: 23 mins

    Audit committees, management, investors, regulators, and external auditors expect your business process controls to be effective, efficient, and testable. See how to extend your GRC functionality to identify control exceptions in your SAP system by locating data in SAP tables and running forensic audit queries. Out of the box, compliance solutions such as the SAP…...…