Datricks expands partnership with SAP to revolutionize the ERP risk management software landscape

Datricks Expands Partnership with SAP to Revolutionize the ERP Risk Management Software Landscape
Roy
By Roy Rozenblum

Datricks, the global Financial Integrity platform, recently unveiled a groundbreaking advancement in ERP risk management software. It announced an expansion of its partnership with SAP with the launch of Datricks for risk mining as an SAP Endorsed App, available on SAP® Store. The solution helps empower organizations to proactively detect, prevent and mitigate risks through advanced technology and streamlined integration.

What is ERP risk management software?

ERP Risk Management Software is an advanced technology solution designed to proactively detect, prevent, and mitigate financial risks within an organization’s ERP system. 

Datricks is the leader in this space. Its ERP risk management software autonomously discovers and continuously analyzes financial processes to understand business context, then detects integrity exposures in real time by analyzing all business data within its financial framework, ultimately providing CFOs and finance leaders with a comprehensive control tower for organizational health and industry benchmarking.

The power of partnership: elevating ERP risk management

SAP Endorsed Apps are a distinct category of solutions within SAP’s partner ecosystem. These apps solve key customer challenges that provide additional value to offer holistic business solutions and bring out the best in every business. They are also premium certified by SAP with added security, in-depth testing, and measurements against benchmark results. This recognition underscores Datricks’ commitment to delivering exceptional value to organizations seeking ongoing accuracy, compliance, and trust in their financial operations. 

Adding value with ERP risk management software

Datricks’ cutting-edge AI-driven technology, combined with SAP Signavio’s leading expertise in business process transformation, helps deliver a comprehensive solution that streamlines operations and empowers organizations to proactively identify and mitigate risks before they escalate into major disruptions.

“The integration with SAP Signavio solutions marks a significant milestone in our mission to revolutionize risk management and ensure financial integrity,” said Roy Rozenblum, Co-Founder and CTO of Datricks. “By combining our AI-powered integrity exposure detection with SAP Signavio’s process expertise, we empower organizations to identify and proactively address risks and maintain financial integrity, ensuring sustainable growth and resilience.”

The benefits of Datricks’ ERP risk management software revolution

Datricks offers autonomous, real-time control over financial operations, eliminating integrity exposures like human error, non-compliance, and fraud. Key benefits when it comes to Datricks’ ERP risk management software solution include:

  • Build more trust: Drive confidence in your financial operations by ensuring you never miss what truly matters – eliminating blind spots and preventing costly surprises.
  • Recover lost funds: Identify and reclaim lost assets while stopping duplicate payments, pay-term manipulation, and unchecked spending before they impact your bottom line.
  • Minimum effort, maximum reward: Deploy effortlessly – just point Datricks at your SAP instance. No need to map business processes or rely on external expertise. In less than 7 days, the platform autonomously understands your operations and starts surfacing financial exposures.
  • Achieve peak performance: Strengthen your bottom line, optimize working capital and cash flow, and confidently scale your financial processes.
  • Pinpoint critical issues: Prioritize risks based on financial impact and entity sensitivity, ensuring the most pressing concerns get addressed first.
  • Focus auditor efforts: Shift auditors’ attention to the most problematic issues instead of relying on random sampling, leading to more precise and actionable insights.

Ecosystem innovations are essential to SAP’s vision and delivery of the intelligent enterprise for SAP customers,” said Darryl Gray, Global Vice President, Software Partner Solution Monetization & Success at SAP. “We applaud Datricks on achieving SAP endorsed app status for its solution. Partners like Datricks are positioned to help us deliver a cloud-first strategy with integrated innovations, proven to provide value while solving key business challenges.

FAQs

1. What makes Datricks for Risk Mining different from other ERP risk management software solutions?
Datricks for Risk Mining stands out thanks to its seamless SAP integration, as well as its Autonomous Process Discovery, Integrity Exposure Detection, and Integrity Intelligence capabilities. Unlike traditional solutions that rely on manual processes or random sampling, Datricks proactively detects, prevents, and mitigates financial exposures in real time; eliminating human error, non-compliance, and fraud.
2. How does the Datricks partnership with SAP enhance customers’ capabilities?
As an SAP Endorsed App, Datricks undergoes rigorous security, performance, and benchmarking tests to meet SAP’s highest standards. The partnership, including integration with SAP Signavio, ensures organizations gain deep process insights while benefiting from Datricks’ advanced AI-driven exposure detection, delivering ongoing Financial Integrity.
3. How quickly can Datricks start delivering value after deployment?
Datricks is designed for rapid deployment with minimal effort. Once connected to an SAP instance, the platform autonomously learns an organization’s financial operations almost immediately, delivering actionable results within seven days.

Get a demo