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The go-to software to transform audit practitioners to trusted business advisersSAP Audit Management is being used to drive a unified audit management function throughout the organization. One of the benefits of this software is that its design and functionality is particularly geared towards unifying disparate departments and functions towards to common goal of a well-managed, efficient internal control and financial statement audit.,Maintains organizational focus on critical business issues Leverages technology to improve internal audit effectiveness Facilities effective management of audit resources Advances trusted advisor relationships with stakeholders,Currently an integrated solution - would prefer to see a continuous solution Limited predictive audit functionality The big data functionality is more marketing than reality,10,Lowered external audit fees by 12% per year for three years (compounded efficiencies) Reduced headcount in global internal audit function by 8% (occurred while growing the international internal audit function) Improved morale during preparation and execution of audit procedures,,Oracle Hyperion Enterprise Performance Management, Reksoft Hyperion Contact Centre Creation Platform, CCH Tagetik
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SAP Audit Management
3 Ratings
Score 9.3 out of 101
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SAP Audit Management Reviews

SAP Audit Management
3 Ratings
Score 9.3 out of 101
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Jeff Looby, CPA profile photo
March 29, 2018

SAP Audit Management Review: "The go-to software to transform audit practitioners to trusted business advisers"

Score 10 out of 10
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SAP Audit Management is being used to drive a unified audit management function throughout the organization. One of the benefits of this software is that its design and functionality is particularly geared towards unifying disparate departments and functions towards to common goal of a well-managed, efficient internal control and financial statement audit.
  • Maintains organizational focus on critical business issues
  • Leverages technology to improve internal audit effectiveness
  • Facilities effective management of audit resources
  • Advances trusted advisor relationships with stakeholders
  • Currently an integrated solution - would prefer to see a continuous solution
  • Limited predictive audit functionality
  • The big data functionality is more marketing than reality
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.
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SAP Audit Management Scorecard Summary

Feature Scorecard Summary

Common repository of GRC items (1)
10
Risk management (1)
9
Integration with Corporate Performance Management (CPM) systems (1)
10
GRC policy management (1)
10

About SAP Audit Management

SAP Audit Management streamlines internal audit activities with mobile capabilities. The product enables documentation of evidence, organization of work papers, and creation of audit reports. It can be deployed on premises or in the cloud.

SAP Audit Management Technical Details

Operating Systems: Unspecified
Mobile Application:No