Skip to main content

SAP S/4HANA Internal Controls

Transform internal controls through your SAP S/4HANA journey.

With S/4HANA, SAP brings a new generation of ERP to the table. The solution represents a solid opportunity for companies to simplify, standardise and modernise their business processes. In order to fully capitalise on this opportunity, it is crucial to implement a smart and mature control framework, guaranteeing a secured data and IT environment. Whether you are planning a transition in the short to mid-term, or initiated your migration project, your journey to transform the internal control function into a true business partner starts today.

S/4 Hana- Future of Control

We are operating in a period of unprecedented uncertainty with rapid advances in technology (AI/ML, e.g ChatGPT and alike), the aftermath of a recent global pandemic, increasing geopolitical instabilities with major impact on local and global economies through inflationary and supply-chain crises and other disruptors. Accordingly, organizations are working to develop more effective and efficient internal controls for their companies.
Organizations want to design and implement controls that help guide them through their stated mission and create value for the business, their employees, and society
Today as we talk about the future, we see three key levers shaping the future of controls:

Internal control transformation should be based on the three key levers and hence, it is an iterative process, we like to see it as a journey: The Internal Control Transformation Journey!

2. Why to consider the future of controls?

With digitization of risk inherent in S/4 landscape, compliance and control function become increasingly crucial to consider throughout implementation lifecycle.Considering control transformation as a journey to be initiated early in the project to avoid demanding and expensive internal controls retrofitting.

With digitization of risk inherent in S/4 landscape, compliance and control function become increasingly crucial to consider throughout implementation lifecycle.

Considering control transformation as a journey to be initiated early in the project to avoid demanding and expensive internal controls retrofitting.

The business case generates ongoing savings and reduce Total Cost of Controls up to 20-30% annual savings in current cost of compliance and controls.

When companies fail to include a control function with their system migration program, several things could go wrong.

The workflow consists of planning, identifying key controls, assessing the risk level, testing the controls, documenting, and reporting the findings, and providing recommendations to improve the internal control system.

In today's technology-driven world, business processes and applications play a crucial role in the success of any organization. As a result, it has become increasingly important for companies to establish effective business process and application controls that safeguard their operations and assets. This customer use case examines some examples of business process and application controls that companies can implement to ensure their operations run smoothly and securely. From financial reporting and inventory management to HR and customer relationship management, these controls provide organizations with the tools needed to help mitigate risks and enhance overall performance. Let's take a closer look at the different types of controls available and how they can benefit organizations in various industries

Did you find this useful?

Thanks for your feedback

If you would like to help improve Deloitte.com further, please complete a 3-minute survey