PwC releases an advanced risk analytics solution leveraging SAP HANA®

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Enterprise Insights Technology is an integrated risk and compliance analytics solution that identifies business process risk, helps companies address control and compliance challenges leveraging data, and provides a platform for actionable next steps in the analytics lifecycle.

 

New York, February 10, 2017 — PwC collaborated with SAP to offer the SAP HANA® in-memory computing platform as key technology for PwC’s Enterprise Insights Technology solution.  PwC’s new SAP HANA–based solution addresses issues facing today’s compliance professionals by providing purpose-built analytics that help identify critical areas within enterprise data that may add cost or risk to a business.

Many organizations deal with common enterprise system challenges and business risks related to transactions, master data, access security and system configuration. Developing a data-centric view across the four pillars of enterprise system information allows companies to address business risk in a precise and efficient manner. PwC developed the Enterprise Insights Technology application to provide organizations a content- and feature-rich platform for performing proactive compliance and control surveillance activities.

With a reporting portal and the ability to manage follow-up activities via workflow, this content-rich analytics platform provides a single solution to support a data-driven approach to manage business process risks. A user interface allows companies to extract, load and process data and obtain visualized dashboards to see detail, trends and comparisons.

“The Enterprise Insights Technology solution helps companies gain visibility into sensitive and critical areas of their enterprise systems that they may not otherwise have identified,” stated Bob Clark, PwC’s global alliance Principal for SAP® governance, risk and compliance (GRC) solutions. “These insights can help drive meaningful improvements to an organization’s business process risks and compliance initiatives.”

“Enterprise Insights Technology complements SAP governance, risk and compliance solutions, providing deep, dynamic, visual feedback to risk and control owners on potentially unaddressed enterprise risks. This robust, real-time feedback based on SAP HANA allows them to implement interim containment actions, while extending their resident risk and control frameworks based on SAP GRC solutions for long-term, auditable, enterprise-wide remediation,” noted Kevin McCollom, global vice president and general manager, SAP Governance, Risk, Compliance Solutions, SAP.

“The digitization of services is transforming how services are developed, delivered and consumed by customers. SAP is excited to be collaborating with PwC to develop a platform to build the next generation of services for its customers,” stated Eric van Rossum, global vice president and general manager, Professional Services Industry for SAP.

PwC’s Enterprise Insights Technology application will continue to leverage the power of SAP HANA with future applications and solutions to bring analytics expertise to organizations across industries to help them meet their pressing business challenges.

PwC’s Enterprise Insights Technology solution includes the following modules:

  • Command Center: Provides a central repository for analytics and control data, including PwC’s leading practice analytics, risks and controls frameworks, and workflow capabilities to enable review and follow-up with the ability to leverage existing capabilities in SAP GRC solutions
  • Transaction Insights: Offers purpose-built transaction and master data analytics that span across multiple business processes, allowing organizations to identify erroneous activities within their enterprise systems
  • Security Insights: Presents security and segregation-of-duties analytics that extend across business processes, allowing organizations to identify, evaluate and respond to risks in user access within their enterprise system
  • Configuration Insights: Furnishes purpose-built analytics that identify configurations and setups within companies’ enterprise systems, comparing them against industry-standard values
  • Enhanced Reporting: Provides pre-built visualized and interactive dashboards on transactions, security and configurations to help organizations see detail, trends and comparisons

The Enterprise Insights Technology application will be available for demonstration at the SAPinsider GRC Conference March 21-24, 2017 in Las Vegas.

For more information on PwC’s Risk Assurance applications and offerings, visit our site: PwC Enterprise Insights Technology.

About PwC’s Risk Assurance practice

PwC understands that significant risk is rarely confined to discrete areas within an organization. Rather, most significant risks have a wide-ranging impact across the organization. As a result, PwC’s Risk Assurance practice has developed a holistic approach to risk that helps to protect business, facilitate strategic decision making and enhance efficiency. This approach is complemented by the extensive risk and controls technical knowledge and sector-specific experience of its Risk Assurance professionals. The end result is a risk solution tailored to the unique needs of the organization.

SAP, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2017 PwC. All rights reserved.

Contact us

Will Hodges

Consulting, US offices and Industries, PwC US

Tel: +1 (405) 227 8014

Follow us