remQ offers innovative business transaction monitoring and auditing software with built-in expert know-how. 100++ controls and reports work out of the box when the software is installed and cover business areas such as procurement, order-to-cash, accounting, and inventory. Our software helps customers automate their SAP systems' controls, making systems and business processes more secure and less expensive.
Organizations are increasingly exposed to compliance requirements. Adopting innovative ways to assess and manage risk and enhance performance is critical. That’s where data analytics and continuous monitoring are helping to simplify and improve the internal control system, increase operational efficiencies, reduce costs, and detect fraud and errors earlier. Internal controls become a way for organizations to create value.
to control data and transactions in SAP and detect errors and fraud in procurement, accounting, inventory, sales, and other business areas.
Get industry-leading controls with methodologies that the largest consulting firms rely on.
remQ is a continuous monitoring software for SAP ERP and S/4HANA, with a large library of built-in controls that help check master data and business processes to avoid financial losses through errors and fraud. remQ can be set up in less than a day, works regardless of organization size and industry, requires no consulting project, and reduces the cost of compliance through automation.
remQ delivers automated, continuous control of critical master data and business transactions in SAP ERP or S/4HANA and helps prevent fraud and errors. The software scans the business data and transactions in the SAP system’s database. Suspicious transactions and data get flagged, and an alert is created. All the data for this alert is stored inside the SAP system; no data leaves the system. User managers, experts, and auditors – can access the alerts in their remQ inbox together with relevant background information (details on vendors, materials, posting documents, etc.).
Based on the users’ authorizations, they get an overview of open alerts as well as details for each alert. They can update the alert and add comments and information directly to the application. Finally, the transaction is accepted or rejected, depending on the result of the investigation. All alert and case data is archived for reporting and review.
remQ is a continuous audit or continuous monitoring system; both users in the business and audit can use the tool in parallel. Automation of controls and the use of a joint platform for all controls across the enterprise lead to cost savings and improve audit quality.
The remQ system can even act as a firewall for payments: suspicious documents or business partners can automatically be blocked and only unblocked once the issue is resolved and the user decides to approve the transaction.
New controls can be added using the built-in no-code tools. The business user can set up controls without the need to go through the SAP basis team or use an external consultant.
Studies show that organizations lose up to 5% of their revenue to fraud and errors. Monitoring can reduce losses by up to 60%. Start to automate your internal control system and reduce losses and costs.
Whether you are already a customer, would like to become one, have a technical question, would like to work with us, or are interested in an investment: we are here for you!