Comment by SteveNuts
1 year ago
Step one is to make sure it's auditable.
Every auditor on the planet is intimately familiar with how Oracle EBS and SAP do certain things.
If you don't have that trust built up, a customer simply won't want to take the risk and additional headache and overhead passing an audit will take.
This makes me wonder. I wonder if the real opportunity is in solutions that help auditors in one way or the other.
If the auditors are sensitive to which systems they are familiar with, it would perhaps be beneficial to the auditors to be able to understand other systems.
I'm sure there are companies that are servicing auditors, creating UiPath flows or whatever for a bunch of auditors. So there's probably already a ton of very specific solutions out there, for auditing various systems.
At least it sounds like a more solvable problem than yet another ERP
Sounds like there is the opportunity. An ERP that can eliminate the need for auditors. Then it won’t matter what the auditors think. Auditing isn’t some black magic. It’s a set of rules. Rules a machine can follow.
A machine controlled by the audited company. Audits are there to minimize the risk of companies cooking the books.
You never went through an audit, did you?
> A machine controlled by the audited company. Audits are there to minimize the risk of companies cooking the books
Sounds like the pitch Fujitsu made to the Post Office for Horizon. That worked out so well!
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> Sounds like there is the opportunity. An ERP that can eliminate the need for auditors.
You cannot eliminate the need for auditors - the need is for someone to go through the system and make sure that no one is cooking the books.
Hence, an independent third party does the audit.
"Auditing isn’t some black magic. It’s a set of rules"
This is not true. Auditing is half assurance and half insurance. It has nothing to do with the actual results of a bunch of rules and checks.