Protecting the personal data of customers and relevant individuals isn’t a new phenomenon; it’s a mandatory requirement.
Effective 2018, individuals were given control over their personal data through the implementation of the European Union's General Data Protection Regulation (GDPR). It became every organization’s responsibility to take necessary actions to secure customer information and maintain their privacy. Fortunately, SAP Business One, your trusty Enterprise Resource Planning (ERP) system, has your back with a selection of unique features designed specifically to help you comply with GDPR requirements. The best part? You don't need to invest in additional systems—it's cost-savvy and convenient!
Let’s immediately dive into the top three major GDPR-relevant features of SAP Business One!
Data Encryption and Access Control
Under the GDPR regulations, safeguarding personal data is a top priority. For this purpose, SAP Business One has a built-in strict data encryption mechanism. Within the system, you can encrypt entire databases, specific columns, or even individual rows—whatever suits your needs. In addition, all the data you input or update within the system is automatically encrypted before it's stored. It's like adding a secret code to keep your information safe without any impact on your daily tasks!
But you might wonder, "Can’t anyone decrypt this information?" No. To unravel encrypted information, specific decryption permission is required. Individuals must be granted permission to access sensitive information based on database users, groups, or roles.
Your data stays under lock and key, accessible only to those authorized!
Moreover, SAP Business One provides a "granular access capability to sensitive data." A fancy term that means you have precise control over who can access what with permissions given based on a per-user or per-group basis. It's all about maintaining control over your valuable data.
SAP Business One Insights: Tips, Tricks, and Trends from the Experts
Data Erasure (Personal Data Cleanup) and Anonymization
With data erasure, individuals can request the deletion of their personal data from the company’s records. SAP Business One enables effective data erasure from all areas of the system. Especially with the use of the wizard action "Personal Data Cleanup.” Thus, system administrators can identify and remove entire databases while remaining GDPR compliant and maintaining data integrity.
SAP Business One takes data management to the next level with its anonymization capabilities. By replacing identifiable information with non-identifying, you can rest assured that all data remains anonymous and can no longer be linked to specific individuals, even if someone manages to access it. It's like giving your data a secret identity!
By utilizing the Data Erasure and Anonymization features within SAP Business One, your organization can confidently remain GDPR compliant. The ability to remove personal data upon request and anonymize sensitive information contributes to respecting individuals' rights and ensuring data protection. Thus, enabling companies to efficiently handle data subject requests and reduce the risk of unauthorized access to one’s personal information.
Data Breach Management
A data breach is every organization’s worst nightmare, but let’s face the truth - it’s always a possibility. And according to GDPR requirements, whenever this happens, companies are required to identify, evaluate, and report data breaches promptly.
With SAP Business One's real-time monitoring and logging features, administrators can keep track of any suspicious activities or anomalies. The system also gives the option of creating custom incident response workflows. Think of them as your emergency net; it helps you establish procedures for addressing data breaches: documentation, assessment, reporting to authorities, and open contact with impacted persons.
And here's the best part: With GDPR's tight deadline of 72 hours for breach disclosure, you no longer need to gather data from various databases. SAP Business One takes care of this for you! The system facilitates the generation of breach notification reports. These include vital details, including the type of breach, the groups of people impacted, and the steps taken to remedy the incident.
But this is not the end of it! In SAP Business One, data breach management goes beyond incident response. The solution offers post-breach analysis, allowing businesses to find weaknesses, beef up security, and put preventative measures in place to stop similar breaches from happening again.
Non-compliance with GDPR regulations
Complying with the European Union's General Data Protection Regulation (GDPR) is more than just a legal requirement—it's a critical factor in building customer and employee trust and safeguarding your company's reputation.
Failure to comply with GDPR can have serious consequences, such as financial penalties, reputation damage, regulatory investigations, and legal actions. Regulatory authorities have the power to impose hefty fines, which can reach up to €20 million or 4% of your business's total annual worldwide turnover. Additionally, non-compliant organizations may face investigatory audits that consume valuable resources and disrupt normal business operations.
For companies with headquarters or subsidiaries in the European Union, it's essential to prioritize GDPR compliance. By doing so, you’ll meet your legal obligations and protect your company's finances, reputation, and customer relationships.
So, let's embrace GDPR compliance with SAP Business One and ensure your business stays on the right track!
Get started with us global SAP implementation Partner
Ready to explore GDPR compliance with SAP Business One?
We've got your back! Here at be one solutions, we make it our mission to stay ahead of GDPR updates and developments so that we can provide you with the necessary insights to ensure your organization's GDPR compliance.
We are your trusted ERP helping hands and have over 15 years of experience in ERP system implementation and management. In a world of complex regulations, we believe in keeping things friendly, professional, and even throwing in a dash of humor. Let's navigate the GDPR maze together and make compliance a breeze! Contact us today.