Taking matters into our own hands: Identifying Conflicts of SoD thanks to Financial Process Mining
In the last post, we presented 5 critical conflicts of segregation of duties (SoD). When reading that post, some of you may have wondered how many such potential conflicts exist and if there might not be a more efficient way of auditing for such conflicts in SAP. It is the latter question that many of you […]
5 critical Conflicts of SoD you should avoid – and how to detect them
Avoiding and analyzing conflicts of SoD is not easy without third-party tools. That’s why we present an approach you can use to analyze conflicts in SoD without using one of them like zap Audit. Everything you need to perform the analyses can be found in a standard SAP system. We will set out the approach to […]
Test your maturity level in Segregation of Duties!
In our last blog post about Segregation of duties (SoD) Management, I introduced several categories for evaluating SoD maturity level. We will now use these categories to test your maturity level. By adopting this approach, you will be able to test your maturity level quickly and easily. Assessing your Segregation of Duties Maturity Level In […]
It’s your (Segregation of) Duty! How well is your company performing when it comes to Segregation of Duties?
Segregation of Duties (also known as Separation of Duties) is a never-ending topic when it comes to ERP systems such as SAP, as segregation of duties is an elementary component of any system of internal control. This blog post will help you to assess how well your business is performing in this area. I would […]
Conto pro Diabolo (One-time accounts), a.k.a. the “Devil’s Account”
As a follow-up to our blog topic on the usage of one-time accounts, we received an email from one of our loyal readers, who reported two scenarios that he has encountered in practice that we felt it was important to share with you. One of them relates to the highly topical subject of electronic invoices (e-invoices) […]
How to Solve One of the Biggest Problems with VAT stated
While you can find the customer’s Value Added Tax (VAT) ID in the master data in SAP and it is used as a template for invoices, the stated amount of VAT is found in the transaction data. As a rule of thumb, if a delivery or other service is delivered to a company in another European country, […]
Pass the buck… by all means, but don’t forget to include the VAT IDs of your customers
It is often said that Value Added Tax (VAT) is a transitory item. What people who emphasize this really want to say is the following: that VAT is something that has no influence on the company’s P&L or income and is thus “neutral” … … and that much is true. But only … if you […]
VAT: It’s your Duty – Using Data Analysis to comply with tightened Tax Compliance!
It is becoming an increasingly hot topic. Various different people have already raised the issue of value added tax with me. So it’s now time to write a blog post on the subject. The question is: Why is the issue of value added tax for companies becoming more and more of a pressing matter, and […]
How to analyze your own payment behavior in SAP
Do you actually know how many days it takes for an invoice to be balanced / paid in your company? You don’t? Or whether you may have missed the opportunity to benefit from cash discounts? You don’t know that either? Then you should definitely not miss this blog article under any circumstances. Part IV of […]
Revised terms of payment: How to clean up your vendor master data
After analyzing all vendors with bad or unsuccessful payment terms in the last blog post, we now want to gain a deeper insight into the various respective terms of payment. Part III of the series: “Payment terms in vendor master data” 1. Are you failing to benefit from cash discounts due to poorly maintained payment terms […]