From periodic sampling to continuous MJE oversight

Continuously monitor manual journal entries against predefined risk criteria. Sofy helps finance teams identify higher-risk postings, streamline reviews, and maintain audit-ready documentation across the reporting period.

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The challenge

Spreadsheets and disconnected tools

Many audit teams still rely on spreadsheets and disconnected tools, making it difficult to scale and maintain consistency. As audit complexity increases, this leads to:

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Limited visibility through sample-based reviews Large volumes of journal entries make it difficult to identify higher-risk postings through periodic sampling alone.

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Manual and time-consuming reviews Reviewing journal entries manually requires significant effort and limits scalability.

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Insufficient traceability and follow-up Tracking reviews, decisions, and remediation activities across spreadsheets and emails can be challenging.

THE SOLUTION

A data-driven approach to MJE monitoring

Sofy Manual Journal Entry Monitoring provides a scalable way to continuously assess manual journal entry data and guide reviewers through a controlled review process. By combining SAP journal entry data, predefined analytics, and structured workflows, organizations gain greater visibility into financial reporting risks while reducing manual review effort.

1. Collect and validate journal entry data

Automatically ingest manual journal entry data from SAP S/4HANA and SAP ECC environments through controlled data interfaces. Before analysis begins, completeness and integrity checks help ensure that reviewers are working with a reliable and trusted dataset. This creates a strong foundation for consistent and auditable monitoring activities.

2. Apply predefined MJE risk analytics

Configured control analytics continuously assess journal entries against predefined risk and control criteria. Organizations can identify entries with characteristics commonly associated with increased risk, ensuring a consistent and repeatable review approach across entities, business units, and reporting periods.

3. Focus attention on relevant exceptions

Rather than manually reviewing thousands of journal entries, reviewers can concentrate on entries that have been flagged based on risk indicators and control logic. This significantly reduces manual effort while helping teams focus their attention on the transactions that require further analysis and professional judgment

4. Review, document, and follow up

Flagged journal entries are routed through structured review workflows within Sofy. Reviewers can assess exceptions, document conclusions, capture supporting evidence, assign follow-up actions, and maintain a complete audit trail throughout the process. This improves transparency and accountability while supporting internal and external assurance activities.

5. Monitor risks continuously

Maintain ongoing visibility into manual journal entry risks across reporting periods. By continuously applying analytics and monitoring outcomes, organizations can establish a more consistent, scalable, and risk-focused approach to journal entry oversight while strengthening audit readiness and financial control effectiveness

THE BENEFITS

Focus your effort where it matters most

Greater focus on higher-risk entries

Highlight exceptions based on predefined risk criteria.

Reduced manual review effort

Direct attention to entries requiring further assessment instead of reviewing full populations.

Consistent monitoring across the organization

Apply standardized analytics across entities and reporting periods.

Stronger audit readiness

Maintain traceable documentation from source data through review and follow-up.

Why Sofy GRC

Built for continuous and scalable manual journal entry monitoring

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Pre-Built MJE Analytics

Accelerate implementation with ready-to-use journal entry monitoring scenarios based on leading practices and financial control risks.

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Focus on Exceptions

Automatically highlight entries that require further review.

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Audit Ready by Design

Ensure full traceability from source data to reviewer decisions.

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Continuous Assurance

Move beyond periodic sampling with continuous oversight of MJE risks.

Compliance Management

Risk & Control Management

Continuous Control Monitoring

SoD & Access Control