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What is VeraTrust?

The main driving force behind SAM audits is the pursuit of financial profit, with vendors seeking to derive 30% of their earnings from these annual assessments. As a result, the number of audits has surged, supported by a Gartner survey revealing that 66% of organizations have faced audit requests. VeraTrust provides an extensive visual overview of the licensing environment, complemented by audit reports that aid in reconciliation, evaluation, and SAM self-assessments. In addition to merely executing audits, this methodology empowers businesses to reclaim control over their software assets and transform inefficiencies into creative solutions. VeraTrust's implementation of a blockchain-based system allows for precise tracking of software license assets between clients and vendors, significantly reducing audit disputes and compliance issues. This blockchain access not only improves the clarity of the licensing framework but also facilitates the creation of comprehensive audit reports for meticulous evaluation and self-review. By adopting this strategy, organizations can prevent the emergence of unexpected hard audits from software vendors, promoting a more transparent and manageable landscape for software compliance. Furthermore, by emphasizing efficient license management, companies can redirect their efforts towards maximizing their software investments, ultimately fostering an environment conducive to growth and innovation while navigating the complexities of the software landscape.

What is SimpAudit?

SimpAudit is a dedicated application crafted for auditing and securing SAP environments, particularly for users of SAP ECC, SAP S/4HANA, or SAP RISE. It performs in-depth analyses of SAP users, roles, authorizations, and access relationships, allowing organizations to identify problems such as excessive permissions, conflicts in segregation of duties, and sensitive access that may threaten security or control measures. This application supports risk assessments across user, role, and system levels, offers structured access reviews, and includes workflows for approval and remediation, in addition to providing continuous monitoring features and generating reports that cater to audit requirements. It stands as an essential resource for internal audit teams, SAP security specialists, IT compliance officials, and Governance, Risk, and Compliance (GRC) teams to explore findings, evaluate access, monitor controls, and carry out comprehensive audit analyses within their SAP systems. By streamlining these diverse functions, SimpAudit significantly improves the ongoing processes involved in security assessments, access-risk evaluations, and compliance reviews, thereby strengthening the organization’s overall security framework. Additionally, its extensive capabilities ensure that teams can effectively navigate the multifaceted challenges associated with SAP security and compliance, making it a vital component of their operations.

Media

Media

No images available

Integrations Supported

Integrations Supported

SAP ECC
SAP S/4HANA

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
On-Prem

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Not specified

Training Options

Not specified

Company Facts

Organization Name

LevelBlox

Date Founded

2008

Company Location

United States

Company Website

levelblox.com/veratrust/

Company Facts

Organization Name

BSC Global

Date Founded

2008

Company Location

Australia

Company Website

simpaudit.com

Categories and Features

Blockchain

Not specified

Categories and Features

IT Security

Not specified

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