SAP Audit Management is a comprehensive software solution designed to automate and enhance internal auditing processes, enabling organizations to improve audit quality and gain trusted insights. By streamlining activities such as evidence documentation, organization of electronic working papers, and creation of audit reports, this application empowers internal auditors to adopt a more strategic, advisory role within the organization.
Key Features and Functionality:
- Audit Planning, Management, and Performance: Simplifies the creation, tracking, and management of audit issues, allowing auditors to capture documentation instantly using mobile devices and drag-and-drop tools.
- Communication and Monitoring of Audit Results: Accelerates the resolution of audit issues by reducing repeat findings and visualizing results. Standardizes reports with pre-established templates and automated issue tracking.
- Simplified Audit Planning and Management: Engages auditors with user-friendly interfaces and collaboration tools. Integrates seamlessly with SAP Risk Management, SAP Process Control, and SAP Business Integrity Screening. Optimizes staff utilization and reduces travel costs through improved audit planning, resource management, and scheduling.
- Consistent Tracking and Delivery of Audit Results: Enhances the quality of audit issue reporting through collaboration and online management review. Generates audit results at the enterprise level with an intuitive user interface and provides access to a central dashboard featuring key internal audit metrics.
Primary Value and Problem Solved:
SAP Audit Management addresses the challenges of manual and fragmented audit processes by automating and accelerating internal auditing procedures. This leads to reduced costs, shorter reporting cycles, and more precise insights through real-time audit analytics. By integrating with other SAP solutions, it ensures alignment with critical business risks and controls, thereby enhancing overall audit quality and providing organizations with the tools to make informed, strategic decisions.