SAP Audit Management vs. SAP Process Control

SAP Audit Management is the absolute best software available for large, multi-national companies that have dedicated internal audit resources. Further, due to the implementation costs, I would only recommend a company to be serious about purchasing this software if external audit expenses were upwards of $2 million per annum. Also, better suited for an organization that already has solid audit procedures in place but wants to integrate them and increase audit efficiency. A company starting from scratch would not value this particular software as much because integration becomes less important in that scenario.

Incentivized

In my opinion, SAP Process Control is well suited for bigger companies with an already mature Internal Control System as well as for bigger companies who want to completely new/redesign the internal control system. The size of the company, as well as the budget, is quite important when thinking about the implementation of SAP Process Control. A smaller company with e.g., 150 people should think more about implementing SAP FCM.

Incentivized

• Project management
• Risk assessment and management
• Streamlining internal auditing

Incentivized

• Native connection to SAP applications
• Automated monitoring process of SAP applications
• Workflow capabilities for control testing

Incentivized

• Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool.
• Expensive for small organization

Incentivized

• Default delivery of controls could be done by SAP on some basic controls like client openings, password controls, etc
• The messaging or customization of messages in different workflows is limited, which could be introduced to enhance the product
• SAP Process control does not have the capability for cloud product monitoring which is required with more SAP cloud products available right now

Considering we use it in biweekly or monthly basis - the product runs very well in every aspect.

Incentivized

I wouldn't say there is a true peer to SAP Audit Management currently available on the market. SAP Audit Management is the only software that is. It is designed by and developed for audit practitioners across the world. Further, the software unlocks the disparate information for Internal Audit departments and supports audit experts in their day-to-day activities with an easy to use. collaborative, and risk-based approach towards audit procedures.

Incentivized

The connectivity with other SAP products out of the SAP GRC suite, like Access Control and so on, was key for the decision. Also we had an already mature SAP System landscape as well as having internal processes that were similar to the SAP Process Control standard processes helped us with the decision to implement SAP Process Control.

Incentivized

• Has significantly minimized external audit fees for the time our organization has used it
• Has helped meet all the customer-specific requirements highlighted in it's checklist for the time we have used it
• It has integrated numerous audit functions including risk management, access control, and process control

Incentivized

• Automated alerts for controls issues
• Workflow capabilities; however, there's natively only 2 levels of review. More layers would be beneficial.

Incentivized