Nornickel completed the deployment of SAP Audit Management to fully automate its internal audit processes. The integrated solution helped improve audit efficiency and reduce analytical reporting turnaround.

The Company’s Internal Audit Department conducts unbiased and independent audits to assess the efficiency of internal controls and risk management. Following the audits, the department prepares reports, offers improvements, and continuously monitors corrective action plans.

The digital project served to create a one-stop-shop system to plan and conduct audits, track their status, and report deficiencies. The system can also generate analytical reports, monitor the implementation of recommendations, and store documents.

At the start of the project, the IAD lacked a consolidated warehouse for the data on audits and follow-up, audit status, and the annual work plan.

“Internal auditors will leverage SAP Audit Management as an end-to-end tool, which will also serve to align the Company’s audit practices with international standards. Following the successful testing in the Head Office, we plan to roll it out across our branches and business units,” said Natalia Gololobova, Head of IAD.

Technically speaking, Nornickel’s new system builds on SAP Audit Management as the key solution combined with SAP BW on HANA for analytical reporting.

“Nornickel is the first mining company and the second Russian business to introduce SAP Audit Management. We are happy to see the Company expand its IT portfolio with this tool set to significantly improve the efficiency of its business processes. Real-time analytics will help Nornickel record and take action on deficiencies, promptly assess risks, and boost the overall speed and quality of internal audit,” commented Alexey Leontovich, Deputy CEO of SAP CIS.

Nornickel launches an automated SAP-powered solution for internal audit