Why a business needs to Audit their ERP system?

One specific apprehension with ERP systems is that the process of implementation or continuous modification or customization or upgrade may damage or destroy controls built into business processes, leaving the company vulnerable. In reengineering processes as part of the implementation, it's important to see that proper controls are included in the redesigned process. 
Since many controls are not part of the workflow, it is quite possible to have a functioning process that has inadequate controls and simply not notice the lack. Your process design must be explicitly checked to see that adequate controls are in place. This gets more complicated when the real-time nature of transactions with ERP are performed.

Auditing processes need to adapted to handle the differences and the management need to be sensitive to them. 

What may go wrong in your ERP that results in Errors, Differences, Vulnerable, Poor Data Insight & Frauds?


Organization Structure, Chart of Accounts, General Ledgers, Cost & Profit Centres
 
 


Segregation of Duties, User Access Controls
 
 
 
 


Master Data Management: Customer, Vendor, Item Grouping & Subgrouping
 


Data Privacy, Security, Accessibility Business Continuity, Disaster Recovery
 
 


Process Workflow, Approval mechanisms, Credit Control, Inventory Mismatch
 
 


User Adoption/ Awareness, 3rd party Integration
 
 
 

How we do it ?

1

Define
Objectives of the ERP Audit and build the core team

 

2

Assess
the Usage by interviewing the functionals users on a day to day basis and awareness of the functionality available

 

3

Review
  • Configuration
  • Process Integrity
  • Authorization
  • Infrastructure
  • Application Interface

4

Report Identify Risks from gaps/ shortcomings and recommend how you can mitigate

 
 

Choose a Service or call us for Free Consultation

GST Post Implementation Review Starting @ 2.97 Lakhs INR

Why the essence of ERP is lost? Why most of the businesses fail to achieve ROI of ERP Implementation? Here is what analysis says


70% Implementations are Software Focused. Only 30% focus on Business Process Re-engineering & Change Management
 


40% of the failed ERP implementations are due to lack of immature and inappropriate processes
 

 


60% of the failed ERP Implementations contributed by people not adopting the change
 

 


Weaker Project Management and Management Focus
 
 
 

 


Lack of right and skilled people
 
 
 

 

Our Technology Expertise


To Stay on Top, Contact For Free Consultation

Inder Chaudhry
inder.chaudhry@outcomess.com
+91-9990809840
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