Managing your Financial Controls in SAP. Learn more - Runbook.com

FinAnCiAl ControlS
Controls over financial risks.
Managing your
Financial Controls in SAP
Financial Controls in SAP made simple
A countless number of legal directives like the Sarbanes Oxley Act, combined with increasing regulations
across Europe and the USA make compliance a difficult and complex maze to navigate. Intensive monitoring
of business processes; detailed documentation and reporting; risk analysis and evaluation; avoiding financial
control weaknesses, establishing and managing financial control activities to mitigate the risks; and making
all the controls work efficiently – these are just some of the major challenges facing business today. For many
companies, managing financial controls can be tricky to coordinate, hard to verify and the evidence difficult to
demonstrate to auditors.
Runbook has the answer. Using our solution, you can display your financial control framework for operational and IT dependent controls
within SAP. Our leading checklist management solution simplifies control process documentation, execution and monitoring of financial
controls, as well as providing the accompanying evidence and verification.
How?
Process-oriented checklists and direct evidence storage provide the foundations for execution and monitoring of your financial controls
in SAP, where every task has a predefined control activity (including test frequency). Financial Control activities can be either SAP
functions (transactions, tables, programs, etc.) or configuration settings.
By executing a Runbook task, the operator navigates automatically to the predefined SAP transaction (or any other control activity) and
executes the control(s). Another person is then alerted to check the executed control activity, to document the result and sign it off – all
within the Runbook solution and thus within SAP.
Financial Controls
Control activity.
Execution financial controls.
Documentation
business processes.
Checking result and sign-off
status financial controls.
Work instruction.
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FinAnCiAl ControlS
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Automatically generated protocols show financial control activities’ execution (who has done what and when). Control records from
previous control cycles are recorded by archiving related SAP reports and supporting documents. They can be retrieved at any
time for example for audit purposes.
results
Managers, team leaders and process owners are updated with Runbook Financial Control workflow messages about the status
and results of control activities and their execution details. Financial Control weaknesses can be analyzed from special control
result messages which help toward issue resolution.
integrated audit functionality
Internal and external auditors’ reviews are made easy with Runbook’s extensive reporting capabilities that allow structured retrieval
of all control monitoring results and attached documentation (work protocols, attached SAP messages or files), which serve as
evidence of executed controls.
After a thorough check of the control results and related evidence, the auditors can enter their checking results, add files and/or
messages to the checked controls and authenticate the results.
Financial Controls
Status sign-off. Authorized person.
Attachment list.
Audit checking
comments.
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FinAnCiAl ControlS
Key benefits
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Runbook minimizes financial risks by integrating the IC-framework in daily routines;
Runbook generates an automated audit trail and delivers real time management information;
Execution of controls via personal checklists and execution reminders by email;
Start to finish guidance for operators and process owners throughout the whole financial control cycle;
Supporting the definition, execution, monitoring and remediation of Financial Controls;
Runbook enables secure remote auditing by internal and external auditors;
Runbook is fully controlled by the finance department; they manage, maintain and mature the financial control cycle;
Runbook contributes to efficiency and transparency in your Finance Close & Control processes.
Quick Facts:
• System requirements: SAP R/3 4.6C or higher (incl. mySAP ERP 2004
and 2005).
• SAP certified integration.
• Compliant with SAP corporate authorization.
You are in control
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t +31 318 648 110 / f +31 318 648 119 / www.runbook.com
• Simple and easy implementation! 95% of implementations are installed and
configured within 20 days and live within three months.
• Extremely user friendly! Process changes only a few clicks away for
the process owner!
Join the growing list of companies optimizing their business and closing processes with Runbook
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