#1 most frequent
India
24.4%11 installations of 45
What is 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.
Categories & Use Cases
Videos
Top Performing Features
Remote monitoring
Monitoring of network operational activities through the use of remote devices known as monitors or probes
Category average: 10
Network device monitoring
Monitor the real-time performance and health of devices on your network
Category average: 10
Multiple Server Monitoring
Server Monitoring is a process to monitor server's system resources like CPU Usage, Memory Consumption, I/O etc.
Category average: 10
Areas for Improvement
Data backup and recovery
Backup and recovery of lost data
Category average: 9.1
Software and hardware inventory
Management of the physical and software from acquisition through disposal.
Category average: 8
Antivirus and malware management
Detection of security risks like malware and viruses
Category average: 7
Who Buys & Uses SAP Audit Management
#2 most frequent
United States of America
20.0%9 installations of 45
#3 most frequent
Germany
17.8%8 installations of 45
Implement SAP Audit Management to transform your audit process!
Use Cases and Deployment Scope
SAP Audit Management is one of the most effective tools for auditing the SAP system. The business problems it solves include risk assessment, resource management, scoping, internal audits, and project management. It also minimizes audit time and costs by streamlining and automating the audit process. In short, SAP audit Management integrates the audit management function across the organization.
Pros
- Project management
- Risk assessment and management
- Streamlining internal auditing
Cons
- The data functionality could be made more praactical
- New users may find it more complicated to use, so its navigation could be simplified to ensure the best experience for everyone
Most Important Features
- Integration with SAP Process control and SAP risk management
- Mobile features and drag and drop tools
- Resource planning
Return on Investment
- 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
Other Software Used
MS SharePoint / SQL, SAP Access Control, Microsoft Access
SAP Audit Management is a must - implement it without a second thought
Pros
- Safely managing big data involving in many fields like quality, project tracking, and manufacturing-related stuff,
- Integrating with many other tools widely utilized in plant teams.
- Ford and IATF auditors used to track down the details with a similar interface, making SAP familiar.
Cons
- New users may sometimes find it complicated getting used to it which requires training tutorials - definitely not the basic ones.
Return on Investment
- SAP product aids in following up on the assignments of our annual MSA audits.
- The user-friendly interface makes our meetings more efficient and saves time.
Alternatives Considered
Access Auditor
Other Software Used
Cisco Webex Meetings, MS SharePoint / SQL, SAP Agile Data Preparation, SAP Access Control, Microsoft Access, SalesOutlook CRM, Adobe Campaign, SysTools G Suite/Google Apps Backup, Azure SQL Database, When I Work
The go-to software to transform audit practitioners to trusted business advisers
Pros
- 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
Cons
- Currently an integrated solution - would prefer to see a continuous solution
- Limited predictive audit functionality
- The big data functionality is more marketing than reality
Return on Investment
- 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
Other Software Used
Oracle Hyperion Enterprise Performance Management, Reksoft Hyperion Contact Centre Creation Platform, CCH Tagetik
SAP Audit Management
Pros
- Integration with SAP Risk Management, SAP Process Control, and Access Control.
- Simple user interference and drag and drop option
- Both on-premise or cloud deployment option
Cons
- Limitation only audit SAP system if organization using other ERP system they may need separate audit management tool.
- Expensive for small organization
Return on Investment
- Lower audit cost due to streamlining of the audit process and reporting.
- Integration of risk management, process control, and access control.
- Can be integrated with analytics tools for proper analytics.
- If an organization using multiple ERP systems, this tool is not much useful.
- For SMEs, it is more expensive to manage.
Alternatives Considered
Access Auditor, Hillstone Security Audit Platform (HSA), Identity Audit & Compliance Manager, Specops Password Auditor and McAfee Policy Auditor (formerly Hercules Policy Auditor)
Other Software Used
SAP Analytics Cloud, AWS Identity & Access Management, Microsoft Azure, Microsoft BI, Nessus