SAP Audit Management

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.

Best on my experience, SAP Audit Management is best suited for larger corporations, particularly those that want to work with bigger OEMs in a more efficient manner over time. Furthermore, it is best suited in managing capacity, quality, production planning, work in progress in manufacturing, project tracking and project planning and management.

SAP Audit Management is being in the whole organization. This is integrated adequately with SAP Risk Management, SAP Process Control, and Access Control. It streamlines internal auditing with organizational and industry-standard: It simplifies activities, e.g., creation audit report, documentation of evidence, organization of electronic working papers, log reports system, and user changes and other approvals.

Automated and accelerate the audit processes help the internal auditors to be timely, deliver the audit report. It needless effort and easy to use for preparing audit reports. It Lower audit cost due to the automated process. This software Increase confidence and trust of the organization as well as external auditor of their organization process and helps to protect organization both insider threat and external threat.

SAP is widely adopted and used in Ford Otosan and its supply chain. Since I am a part of Purchasing as Supplier Technical Assistance Engineer, I am mainly involved in quality-related topics to do with supply base all over the world - specifically dealing with Q1 MSA stuff which consists of numerous common items with IATF standards. I strongly recommend my supply base to use SAP Audit Management to be able to keep track of all data that has an impact on Q1 score and manufacturing site assessment performance. By using SAP they basically manage quality, capacity, work in progress in manufacturing, production planning, maintenance, project timings (PPAP) and so on.

SAP Audit Management needs to be deployed by corporate companies with more than $1B worth if they particularly want to work with big OEMs in a sustainable manner. Otherwise, the things would be difficult to be managed in terms of Q1 and IATF perspective. The targets are set to reach out Industry 4.0 level which absolutely requires continuous data tracking/monitoring features - and without SAP Audit Management it would be pretty difficult.

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.

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.