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Controls Management

Access Management

Spend Analytics

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Governance, Risk & Compliance

Managing and monitoring access to your critical IT landscape is becoming quite a challenge for many organizations. This challenge is getting more difficult due to the increasing complexity of both, processes and IT solutions supporting your business. Consequently, your organization is being exposed to ever increasing risks, with possibilities of fraudulent transactions happening and sensitive data being accessed by unauthorized people. Watch the video to see how Sofy’s Access Management solution can help you control risks related to Segregation of Duties (SoD) conflicts and critical system access.

Maintaining control frameworks and automatically deploying these to organizational entities, processes or IT solutions. The ICM module gives you real-time insights in your level of effectiveness based on pre-built workflows that support you in retrieving evidences and following up on findings.

Let your data tell you where to focus your compliance activities on to reduce unexpected outcomes and focus on real exceptions. Use our library of automated standard controls and configure the tool to support your business specific controls. By automating the control execution you can reduce manual efforts and increase quality. Clear data &amp; analytics dashboards allow you to show all stakeholders to obtain real-time compliance and process insights.

Continuous Control Monitoring

It is difficult to adequately identify and deal with potential risks. The Sofy Risk Management solution supports you with three key components of risk management: risk identification, risk assessments and risk response. Identified risks can be stored in a centrally managed repository. Risk self-assessments or SIRA assessments can then be performed based on these identified risks. If needed, an automatic follow-up is given by the system using response types like findings, action plans and control execution tasks. Predefined dashboards allow you to share real-time insights with all stakeholders, indicating if you are in control and compliant with laws and regulations.

Risk Management

Let your data tell you where to focus your compliance activities on to reduce unexpected outcomes and focus on real exceptions. Use our library of automated standard controls and configure the tool to support your business specific controls. By automating the control execution you can reduce manual efforts and increase quality. Clear data &amp; analytics dashboards allow you to show all stakeholders to obtain real-time compliance and process insights

Audit Management

Keep your employees up-to-date on internal policies and procedures and track compliance with all of your regulatory requirements.

Policies & Regulations

Data Management

Increasing amounts of data increase the complexity around proper data management. It can be a challenge to manage the data management activities within your organization while ensuring that the right people have ownership and take accountability of their data. Not having the right principles, tools and appropriate measures in place, will leave your organization exposed to data-related risk.
Sofy Data Governance, creates an always-on, single source of truth data dictionary that eliminates the need for spreadsheet data management. This solution is easy to use and implement, and it can be tailored to your organizational needs.

Data Governance

Data quality is a critical issue for organizations today, as it can have a significant impact on decision making and business success. Inaccurate and unreliable data can lead to incorrect conclusions, missed opportunities, and decreased efficiency. Since many important business decisions are made using company data, these data quality issues can have a significant negative impact on the effectivity and efficiency of your business operations. Sofy Data Quality enables you to continuously monitor data quality throughout your systems and identify activities to improve your data quality. Sofy is able to integrate with any source system, which is key in achieving an organization-wide insight into data quality.

Data Quality

Your daily business operations generate key basic business data, and it is crucial that this data is recorded in predefined categories and values. However, changes in your business environment can lead to disruptions in Master Data Management. Consequently, this can negatively influence production planning, inventory management, consumer interaction, and even lead to regulatory fines.
Sofy Master Data Management supports you to efficiently maintain high-quality master data in a single repository and create consistency across multiple systems. Business users will be able to request, enrich and approve new master data easier by using smart data entry forms with built-in data validation checks. Approval and data enrichment workflows are flexible and able to respond to frequently changing business requirements of your organization

Master Data Management

Tax Management

A rapidly changing tax landscape and increasingly complex IT architectures make it difficult to ensure the quality and availability of data that is needed for reporting. Moreover, time spent on gathering and consolidating data, your organization can&#8217;t spend on data validation and gaining valuable insights.
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Sofy’s VAT Data Analytics solution helps your organization manage data quality, transactions and validations all within a single platform. Consolidate data from various sources into our common data model and drive automated exception reports. Focus on data quality and tax technical issues by prioritizing tasks using smart algorithms and machine learning. Resolve any issue directly and ensure qualitative data drives returns and reporting.

VAT Analytics

VAT is one of the most rapidly changing indirect taxes. Governments are increasingly proactive in introducing new or amended legislation to be able to regulate and enforce digital reporting requirements. Complying with these new VAT rules and reporting requirements can be challenging as local requirements may differ significantly.
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Sofy VAT Compliance reduces the stress and confusion of VAT returns and helps you stay compliant with local reporting requirements. Remove complex paperwork and the risk of missing deadlines with our end-to-end automated reporting solution. Data from various sources consolidated into one repository, supported by an easily customizable workflow, makes light work of your VAT returns and reporting.

VAT Compliance

Strategy & Operations Performance

Spend Analytics provides you with insights on what you buy and identifies potentials for improvement. It helps you categorize your data into your category structure to understand and interpret your spend patterns.

This tracking tool increases the overall speed and transparency in every project by monitoring, tracking and managing the progress of your project in real-time. Create a flow of opportunities to improve, refine the business and evaluate the progress of in-flight initiatives on a continuous basis.

Transformation Manager

The Process Insights tool provides you with end-to-end business process performance insights to manage and optimize processes. It monitors, understands and manages standardized and customized key performance indicators regarding procurement, sales, and reporting processes. Expedite your decision making progress and closely track business developments using real-time insights in processes and operations.

Process Insights

Finance Management

Use our Manual Journal Entry tool to identify potential risks in your manual journal entries and take action quickly using analyses, reporting, and workflows.

Manual Journal Entry

Simulate the impact of different IFRS16 transition options on your profit &amp; loss balance sheet and cashflow.

IFRS16

As businesses commit themselves to a net zero journey in response to investor pressure and latest developments like CSRD reporting, many lack the necessary insights to set up an effective emissions reduction strategy. Sofy&#8217;s Carbon Calculator supports you in this. The tool gives you insights into your baseline emissions for both direct and indirect emissions. It allows for scope 1, 2 and 3 data uploads in different formats which will then be converted into tonnes of CO2 for uniform reporting across the organization. The tool also calculates the potential impact of predefined reduction initiatives to help you prioritize your actions and achieve your emissions targets efficiently.
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