Reference document

Auditing and Risk Management Application

The Auditing and Risk Management Application enables users to support Internal Audits, Governance, Risk management, and Compliance management. The application enables the management and control of user access, of security settings and of set-up controls. It supports the implementation of financial governance and financial/fraud risk identification, prevention and management. It supports policy compliance as well as control and audit trail tracking of user accesses and transactions. The application enables users to support in particular the management and implementation of segregation of duties controls (configuration of user roles and responsibilities) and the approval process for deviations. it also enables to automatically report on deviations / violations from pre-defined workflows and inappropriate and suspicious activity across the Budget and Finance Application, the Purchasing and Contract Processes Application and the Project Management Application.

Budget and Finance Applications