Sap Treasury and Risk Management

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Arjun Krishnan, Alamanda Balaji Kumar

SOX Compliance with SAP Treasury and Risk Management
®

Bonn � Boston



Contents at a Glance
1 2 3 4 5 6 7 Business and Functional Overview ......................................... Controls in SAP ERP ............................................................... Inbound Electronic Banking in SAP ERP ................................. Outbound Electronic Banking in SAP ERP .............................. Positive Pay and Payment Card Processing ........................... 19 51 91 137 179 225

Cash Management & Liquidity Forecasting ............................ Financial Risk Management: Foreign Exchange and Derivatives .............................................................................. Investment and Debt Management ........................................ Tools and Techniques for Internal Controls in SAP ERP ..........

275 317 361 395

8 9

10 Special Topics in Treasury Management .................................



Contents
Foreword ................................................................................................... Preface ....................................................................................................... Acknowledgements .................................................................................... 15 17 21

1

Business and Functional Overview ........................................... 1.1 1.2 1.3 1.4 ERP Treasury Systems: A New Era? .............................................. Standalone Workstation or ERP Treasury System? ....................... Key Drivers and Challenges for Treasury Management ................. The Sarbanes-Oxley Act of 2002 and its Impact on Treasury Governance and Operations ....................................................... 1.4.1 Section 302 — Corporate Responsibility for Financial Reports ............................................................................ 1.4.2 Section 404 — Management Assessment of Internal Controls ........................................................................... 1.4.3 Control Frameworks and SOX ........................................... 1.4.4 Other Important Regulations that Impact Treasury ............ SAP ERP Treasury Functionality .................................................. 1.5.1 Implementation Timeline for SAP ERP Treasury and Risk Management .................................................................... 1.5.2 SAP ERP Treasury and Risk Management — Powerful but Underutilized .............................................. 1.5.3 SAP ERP Cash Management ............................................. 1.5.4 SAP ERP Financial Risk Management .............................. 1.5.5 Master Data and Market Data .......................................... 1.5.6 Key Drivers and Benefits ................................................... 1.5.7 The Bottom Line ............................................................... Summary ....................................................................................

23
23 24 27 29 29 31 32 33 34 35 35 40 43 48 51 52 53

1.5

1.6

2

Controls in SAP ERP
2.1

................................................................

55
55 55 56 58

Control Framework and Objectives ............................................. 2.1.1 The Need for Controls ...................................................... 2.1.2 Control Frameworks ........................................................ 2.1.3 COBIT and Information Technology Systems ....................

7

C  ontents

2.2

2.3

2.4

2.5 2.6

Risk and Internal Control ........................................................... 2.2.1 Risk/Control Matrix .......................................................... 2.2.2 Types of Risks ................................................................... 2.2.3 Treasury-Specific Risks .................................................... Control Mechanisms in...
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