There is a lot of discussion in risk management circles on how risks within the value chain can often be ignored. Paul Proctor, Vice President of Research at Gartner, recently presented a webcast titled “Digital Business and the CIO’s Relationship with Risk.” He indicates:
“If businesses start to address risks within the value chain, they will become more competitive, grow faster and add value to the business decision makers.”
Take a moment and think about how SAP supports an organization’s value chain. Organizations use SAP to track and manage, in real-time, sales, production, finance accounting and human resources in an enterprise.
Specific examples include:
- Finance: General Ledger (GL), Account Payable (AP), Account Receivable (AR) and Asset Accounting.
- Controlling: Includes Cost Center Accounting, Profit Center Accounting (PCA) Product Costing, Profitability Analysis and Internal Order (IO).
- Sales and Distribution: Customer master data, sales, plants, sales organizations and sales conditions.
- Human Resource: Resource hiring, salary, employee benefits etc. It is highly integrated with finance and controlling (FICO) modules.
- Project Systems: Budgeting, planning, forecasting.
Other key systems such as email, web front end apps, and Microsoft applications also support the value chain and are of focus for many traditional perimeter and archaic security technologies. However, though these systems are important, are they as critical to the value chain as SAP?