SAP implementation is essential for integrating the finance and cybersecurity departments of an organization together. And if done correctly it can help bridge the gap between the two organizations.
Organizations’ cyber vulnerabilities rise due to ongoing technological innovation and stack expansion. With SAP being used by 92% of Forbes Global 200 firms and corporate cyberattacks expected to rise by 50% between 2020 and 2021, safeguarding customer and employee data needs to be a top focus for businesses. SAP implementation can help safeguard business processes and employee data.
This objective is jeopardized by the inherent departmental partitions between the finance and cybersecurity teams. To ensure that their entire enterprises put up a united front against cyberattacks, finance, and IT leaders must close this divide. And a good IT consulting services company can help you do that.
Technology is ultimately what causes the growing divide between cybersecurity and finance departments. Since personnel of the finance department has historically used and administered SAP systems, from financial planning software to human resources portals, SAP security falls under their expertise as well.
However, these experts frequently lack the technical know-how to extend their SAP security responsibilities beyond the simple tools included in the solutions themselves. These technologies concentrate on collecting and analyzing SAP data, therefore they only offer a small number of cybersecurity insights, although being unquestionably an essential part of any IT consulting and services.
On the other hand, the focus of cybersecurity departments extends well beyond SAP security. Security experts at businesses use cutting-edge tools like event monitoring and automation software to collect and analyze millions of events per day from a range of devices.
These systems may be able to identify anomalies and potential dangers quickly thanks to AI and machine learning capabilities. When addressing the security of the organization as a whole, the issue frequently arises from a lack of communication between these two divisions.
Neither group has a complete understanding of the organization’s cybersecurity situation because the departments are compartmentalized. Without the entire context offered by the sophisticated IT infrastructure used by cybersecurity teams, SAP security exists as an island in a vast sea of inaccessible data. Additionally, cybersecurity teams may be leaving some of their company’s most important core technology vulnerable to cyberattacks by failing to invest the effort necessary to integrate SAP security into their larger architecture.
There are too many risks involved to ignore them. According to research, business data breaches cause a 5% average decline in stock and a $3.4 million revenue loss. A cybersecurity gap and time loss made worse by GDPR compliance costs might have disastrous financial effects.
Innovation and thorough security may ultimately be hampered by this departmental divide. But firms may promote secure digital environments that are driven by shared data by carefully aligning CISOs, CFOs, and their teams.
SAP implementation with monitoring and automation tools as well as a new strategy for inter-departmental communication should be part of the modern approach to corporate cybersecurity. A cybersecurity team can develop a comprehensive understanding of the security situation within its firm by integrating these systems.
Additionally, IT solution consultants can improve and speed up their response to events of data breaches by collecting and analyzing SAP security data with nearby IT infrastructure that is already under its management.
Both sides must be thoroughly educated and work together to implement this plan. Security experts must become familiar with the inner workings of SAP security, and finance leaders must take the time to comprehend how their SAP technologies tie into the organization’s entire architecture.
But cybersecurity education shouldn’t start and stop with the C-suite. Every employee in a firm should receive regular training on how to secure their personal data from hackers as well as the data of the organization. IT security may become a pillar of the firm and always be on everyone’s mind by developing a culture of cybersecurity education from top to bottom.
Consistent communication is essential after that. Regardless of how valuable data may be, the fact remains that it cannot be fully utilized if it is not routinely shared and discussed within departments. To ensure that all stakeholders are aware of the organization’s cybersecurity status at all times, a complete reporting matrix that crosses departments should be created. All members of the C-suite, including the CEO, CFO, CISO, and CIO, as well as the board members, ought to have immediate access to this data.
Global cybercrime incidents are on the rise, highlighting the need for ambitious cybersecurity. However, if a company’s cybersecurity plan does not incorporate SAP security into the larger IT infrastructure, it may leave itself open to potential threats. Organizations may strengthen their defenses and safeguard their data at every touchpoint by bridging the gap between their finance and cybersecurity departments through strong alignment.
Since SAP implementation plays a really essential role in cybersecurity it is to be kept in mind that they should be implemented by keeping in mind that SAP implementation should bring the different departments together and give them a reason to collaborate and solve issues together.
The best way to do that is by hiring the best IT solution consultant in the USA because it will help you with SAP implementation which will integrate the collaboration of both departments together and reduce the chances of a security breach.
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