Project - SAP BusinessObjects Process Control

Key_Century has successfully launched SAP BusinessObjects Process Control 3.0 in Kazakhtelecom, JSC.

The project objective was to obtain a tool to manage Internal Control System’s (ICS) procedures which is designed to ensure managers that financial statements contain complete, accurate, reliable and valid data. In addition to the main objective, ICS based on SAP Process Control is used to formalize controls that were applied to the preparation of financial statements process informally and intuitively.

Project team was assigned to design a tool to monitor and control processes of financial statements preparation.

It is known that the reliability and validity of financial data are key success factors for management decisions. And the effectiveness of Internal Control System allows increasing managers’ confidence in financial data.

At the present time ICS on SAP Process Control covers following business processes:

  • Revenue and expenditure accounting;
  • Payroll accounting;
  • Treasury operations;
  • Customers’ Master Data;
  • Purchasing;
  • Budgeting;
  • Financial close and consolidation.

According to the Gartner’s Magic Quadrant 2009 for BI software vendors SAP positioned in Leaders Quadrant with SAP BusinessObjects solutions. The SAP BusinessObjects Process Control application is a component of SAP BusinessObjects solutions for Governance, Risk & Compliance (GRC).

Business content provided within the Process Control software package is undoubtedly SAP’s competitive advantage over other vendors of GRC solutions. It significantly reduces implementation costs and contain following components:

  • Roles and predefined tasks for ICS process participants;
  • Delivered rules (FCP, P2P, O2C, HR, FC, General IT controls, etc.);
  • Delivered workflow to support standard ICS procedures;
  • Reports in configurable Web-Dynpro forms, Chrystal Reports and Dashboards.

The integration between SAP GRC Process Control and SAP ERP modules, SAP BW modules was set up to implement automated and semi automated controls.

Project implementation outcomes are following:

  • There were identified risks and bottlenecks of financial statements preparation processes;
  • Controls framework was documented;
  • There were defined workflow driven procedures to ensure the functioning of Internal Control System and provide its’ effectiveness;
  • Personal responsibility on process, subprocess and control levels was delegated;
  • Continuous control of financial statements preparation was provided with the help of manual and automated controls;
  • Using the Process Control reports users get introduced to the current results of Evaluations, Roles and Authorizations, and other ICS data.

This is the first implementation of SAP Process Control 3.0 on the CIS area. Project duration is 8 month including the Internal Control System model adjustment and localization of interfaces. While realizing the project Key Century consultants were guided by best practices and intimate knowledge of customer’s business processes and necessities.

At the present time planned to realize following as a next steps of ICS implementation:

  • To develop rules (Standing Order) for ICS procedures and to incorporate principles of continuous control into the order of other business processes using the Change Management;
  • To enhance the functionality according to users’ needs;
  • To develop and implement new automated controls.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.

< Prev   Next >