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3.Describe ERP life cycle using a diagram.

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1)  SAP ERP minimises fraud of abusive activities by providing features such as automating the audit trail for better tracking purposes, im proved detection accuracy.

2) ERP system provide financial transparenct through the ability to drill down from a report. To make it easier for auditors to confirm the integrity of reports.

3) Go-Live : actual implementation of system in the real life of a company.

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1) SAP ERP minimize fraud or abusive activities by built in anti fraud services into their software. The services provided by the software included Identify fraud before damage occurs, Improve the efficiency of your fraud investigations and keep up with changing fraud behaviors and so on.

2) With an ERP,  while the financial data is maintained safely, access of financial data can also be given only to people who have the authority. Also, strategic information can be maintained at one place while updates to such information can be done by one or more authorized people. Thus Role based system makes the finance of a company transparent and as well as secure.

3) Go-live is the time at which something becomes available for use. In software development, for example, go-live is the point at which code moves from the test environment to the production environment. As a verb, go-live means to make such an event happen.

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1. Sap Erp able to prevent

Identify fraud before damage occurs

Improve the efficiency of your fraud investigations

Keep up with changing fraud behaviors

Reduce your rate of false positives

Automate the fraud-detection process

Check all transactions for fraud while minimizing business impact

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1. SAP ERP reduces fraud activites by online systems such as purchase to pay and order to cash. Besides, by reducing transcation limit and screen high volume of transcations.

2. Budgeting and forecasting module - controls workflow management, multidimension information collection
Payment management system -easy and quick control and trackn non depreciating or depreciating financial company asset
Fixes asset management system - makes it easy to client run the business

3. Go-Live- actual implementation of system in the real life in the company. Activities goes live from old system to new system .

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1- Tolerance groups: Preset limits on an employee’s ability to post transactions
Profile Generator: Provides a simple method for selecting functions that a user should be allowed to perform

2- ERP systems provide the ability to drill down from a report to the source documents (transactions) that created it Makes it easier for auditors to confirm the integrity of reports.

3- the time at which something becomes available for use. In software development, for example, go-live is the point at which code moves from the test environment to the production environment.

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1.Some companies that use SAP solutions for purchase-to-pay, order-to-cash, or HR processes turn to third-party providers for fraud detection, while others use proprietary relational databases. In either case, the need to export data out of the SAP system compromises both data security and governance. Such an ex-post approach, which analyzes only historical data, also creates delays – and does nothing to catch fraud as it happens. Finally, most third-party solutions limit the amount of data that can be analyzed.

Anti-fraud services from SAP solve all these problems. You’re protected by SAP standards for data governance and security

2. Erp is equipped with many features that can assure financial integrity. Some of them are

Financial accounting system is a special program that reduces paperwork and helps streamline financial planning process, simplify all the financial procedures and receive full financial visibility into manifold operations.

Fixed asset management system allows easily and quickly control and track non-depreciating or depreciating financial company assets and provide the workers with comprehensive reports about valuation, assets and depreciation.

Financial dashboards, reporting and analytics system helps monitor and operate your business financial performance utilizing real-time dashboards with expenses, key revenues and receivables metrics, optimize cash management and easily create various financial reports in accordance with the requirements of the company.

Payment management system, first of all, makes it much easier for the clients to run their businesses by accepting a huge variety of payment command options. Moreover, it helps to receive more effective payment acceptance and get secure and full financial processing.

Budgeting and forecasting module controls workflow management, multi-dimensional information collection, dynamic assumptions and formulas and full financial planning statements.

Private team collaboration program allows to organize special discussion groups that manage permanent communication about financial planning and to generate collaborative online documents on diverse financial procedures.

Modeling and administration system has an ability to budget in manifold world currencies, stores operational and financial metrics and accounts and operates various models for product planning and complex sales.

Billing management and invoicing system helps to automate all the financial procedures, exclude the risk of errors, provide the clients with the bills as soon as possible and speed up payment processes.

Integration with other systems helps to exchange information with any external applications, online financial dashboards, e-mail calendar notes.

.Go-live is the time at which something becomes available for use. In software development, for example, go-live is the point at which code moves from the test environment to the production environment. As a verb, go-live means to make such an event happen.

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1. Exception detection and compliance checks

Analyse data from all relevant transactional systems

Spot suspicious activities and stop high-risk transactions

Receive alerts about exception scenarios relevant to your organisation

2. ERP  system provide the ability to drill down from a report to the source document that created it.
with a properly configured and managed erp syste, that are directly links between the company's financial statements and individual transaction that make up the statement.

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1. ERP minimise fraud or abusive  activities trough reduce the cost of access management. The revenue and resources required to enforce access-risk management on an ongoing basis can be overwhelming.

2. ERP system provides real-time information that enables business to have greater insight and help the manufacturer to trace the flow operation as well as the manufacturing life in cycle to reduce error.

3.Go-live is the time at which something becomes available for use. In software development, for example, go-live is the point at which code moves from the test environment to the production environment. As a verb, go-live means to make such an event happen.

At the time of the go-live, a system is officially and formally available to users who can then initiate transactions in the new system.

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1. ERP minimise  fraud or abusive activities by  protect revenue and reduce losses through fraud by screening high volumes of transactions for anomalies.

2. ERP provides the ability to drill down from a report to the source document (transaction) that created it and properly configure to manage erp business that direct links between the company's financial statement

3.  ERP Go-Live is one of the last events to be scheduled in an ERP implementation plan. It is also the most hectic and intense period in the entire ERP project so it deserves some particular attention.

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1. ERP system is built with an automation of audit trails that helps the company to control the processes happening in organization. It also separates duty between people in order to prevent others to perform unauthorized functions.

2. ERP system provides real-time information that enables businesses to have a greater insight and transparency of the supply chain operations. ERP system helps the manufacturer to trace the flow of operation as well as the manufacturing life cycle in order to reduce possible errors. Effective management of permission and data security also provided so that the authorized staff can perform particular tasks.

3. Go-Live is the very last stage in the ERP implementation stage where the system is said ready to be used and the system is officially available for users to perform transactions in the newly launched system.

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1. SAP ERP minimzes fraud or abusive activities through user authorization, transparency through electronic audit trail and limit size of transaction for different types of users.

2. ERP systems provide financial transparency through the ability to drill down from a report to the source documents (transactions) that created it so that auditors can easily confirm the integrity of reports.

ERP systems also provide financial transparency by allowing automation of some processes such as calculations, which leads to the integrity of data inputted in ERP and subsequently the integrity of the financial reports produced from these data.

3. Go-Live means the actual implementation of the system in real life in the company. The activities in go-live includes conversion from old system to new system, testing of system in real environment and real data, and also training users to use the system

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1. SAP ERP minimises fraud or abusive activities by providing features such as automating the audit trail for better tracking purposes, improved detection accuracy,detecting anamalous transactions and simplifying screening efforts.

2.
- ERP systems enables drill down from a report to the source documents (transactions) that created it. Makes it easier for auditors to confirm the integrity of reports

- With a properly configured and managed ERP system, there are direct links between the company’s financial statements and individual transactions that make up the statements.
Making fraud and abuse detection easier.

3. Go-live is the point of time which something becomes available for use. In software development, for example, go-live is the point at which code moves from the test environment to the production environment.  At the time of the go-live, a system is officially and formally available to users who can then initiate transactions in the new system.

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1. SAP ERP minimise fraud and abusive activities through increase the productivity , identify suspicious patterns and  minimise the fraud risk by  protect revenue and reduce losses through fraud by screening high volumes of transactions for anomalies.
2)
i) ERP system provide the  ability to drill down from a report to the source documents (transactions) that created it.
ii) With a properly configured and managed ERP system, there are direct links between the company's financial statements and individual transactions that make up the statement.

3)
Go-live is the time at which something becomes available for use. In software development, for example, go-live is the point at which code moves from the test environment to the production environment.