April 4, 2011

Philips is implementing an Enterprise Transaction Repository to allocate internal audit resources more strategically and reduce external auditing costs

By Nancy Hala, KnowledgeLeader contributing writer

Royal Philips Electronics (Philips) is a Netherlands-based global leader in three business sectors: healthcare, lifestyle and lighting. In this profile, Ingo Bank, chief audit executive for Philips, discusses the roll out a new technology – The Enterprise Transaction Repository (ETR). This technology is an SAP platform that stores data from business transactions across the entire company, including query functionality to produce certain key performance indicators (KPIs).


   

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