CIO, Large Lubricants and Chemicals Corporation ...
“Using Xpandion’s ProfileTailor Dynamics, we were able to very quickly narrow user authorizations – a task that would have taken us weeks if we had done it manually. With ProfileTailor, it took only minutes to check the actual usage of every user. In addition, we received automated reports that supplied us with all the information required for our auditing projects. This saved us a tremendous amount of time and money, and our employees were freed to accomplish more high-level tasks during the time saved. We are very satisfied with the process and the results, and would highly recommend Xpandion to any company needing to narrow their SAP authorizations and automate their auditing processes.”
| ProfileTailor Dynamics for Internal Auditors |
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Internal auditors are faced with numerous challenges. One of the most problematic is the fact that they do not come from the IT world. According to the PricewaterhouseCoopers’ 2009 State of the Internal Audit Profession Study, auditors are typically uncomfortable with automated technology, particularly in complex ERP systems.
Many Internal Audit departments struggle with the technological aspects of their audits, while facing a worsening shortage of qualified IT auditors - and escalating costs for compliance and audits. SAP inspections present an added difficulty; the lack of SAP expertise can result in superficial SAP audits that cover only a fraction of the critical issues. Internal Auditors also lack the tools to adapt to the IT world and to utilize their specialized knowledge to improve effectiveness and to ensure compliance with international standards.
ProfileTailor: Dynamics enables simple, continuous auditing and usage control --- while cutting costs.Add this page to your favorite Social Bookmarking websites |
Features and Benefits
-Requires no special knowledge of IT or SAP
-Provides continuous monitoring
-Automates labor-intensive tasks
-Enables retrieval of audit information, in plain English, with a click of a button
-Improves quality of audits
-Increases security, reduces risk of fraud
-Reduces costs of audits
“Continuous auditing and computer-assisted audit techniques (CAATs) are the two areas within the category of ‘Assessing Audit Process Knowledge’ that are ranked by internal auditors as the ones most needing improvement” - Protiviti’s 2009 Internal Audit Capabilities and Needs Survey