How To Make Erp Compliance Audits Affordable And Faster

By Author: Appsian
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Organizations are facing increasing challenges to meet mandate-related data privacy enforcement standards such as the General Data Protection Regulation ( GDPR) and the California Consumer Privacy Act (CCPA) (taking effect in 2020). Also, many U.S. state-specific regulations are expected to come into force in the coming months.

Such regulations have a huge effect. Organizations will also monitor where and how they receive Personally Identifiable Information ( PII) from the moment they acquire via retention life. They must also keep data processing records, consent forms, and many other documents. All these factors inevitably increase the time to complete an audit successfully, while new regulations simultaneously reduce the time allotted to achieve the same review. This current regulatory climate puts pressure on companies to develop new approaches for handling PII access and usage reporting. Needless to say, once correctly and valued as a competitive asset, the PII has become a liability with distinct keeping costs.

Are businesses still prepared to manage Data Privacy Compliance?

The answer, no. Many ...
... companies have recently fired for data breaches.

Marriott faces a hefty $123 million fine for 2018 data breach. British Airways also faces $230 million under GDPR (for poor data protection practices resulting in a violation). Although this accounts for 1.5% of British Airways' annual revenue, regulatory penalties can equate to 4% of an organization's yearly revenue.
What to perform ERP audits while Deck is stacked

Traditional on-site ERP systems were not built with logging capabilities aligned with PII usage understanding. Logs are intended to troubleshoot, identify device bugs, and ensure proper running of applications. The system's PII was not a consideration, so it wasn't significant to understand access and usage.

Now that companies are required to conduct audits more regularly, more efficiently, and use ERP systems that require multiple report triangulation (exponentially increasing audit times) to get a clear understanding of use – the average cost of an audit has risen.
ERP enforcement audits can be cheaper and quicker than believed

With this current data regulatory environment in mind, organizations will try to improve their audit capabilities by concentrating on data logging strategies (not just system performance).

Appsian's PeopleSoft and SAP Security Platform takes data access into account by incorporating granular logging capabilities that monitor user activity and data access, and then compile patterns into easy-to-use analytics dashboards. All built to provide the same usage snapshot that once took weeks to compile with conventional logging capabilities manually – but with Appsian, it can now take minutes.

With Appsian, the ERP audit techniques will now match the time and resource allocation required by current and future data privacy mandates. And since these strategies can be integrated into traditional ERP systems, which can (at one time) be viewed as an audit liability, you can extend the life of your legacy ERP system – thus maximizing your ROI and not getting forced into a expensive and resource-draining project.

Contact Us to learn more about Appsian and how our
ERP Security Platform will help the company plan for compliance audits.

Appsian One of the leading ERP data security,compliance,implementation solutions provider that gives organizations to complete control and visibility over their ERP data.