SAP Document and Reporting Compliance
(SAP DRC)

The solution for managing electronic invoicing, real-time reporting and statutory reporting.

In times of advancing digitalisation and a dynamic trading environment, regulatory pressure on companies is constantly increasing. But how can companies meet these challenges? Since October 2021, document compliance and advanced compliance reporting (ACR) have been combined in a comprehensive solution. It enables companies to comply with legal requirements and to create, manage and monitor documents within their business processes. This ensures consistency between real-time, business documents and legally required reports. As a result, it maximises efficiency, reduces risks and costs, and increases the sustainability of tax processes.

[Translate to English:] Grafische Übersicht SAP Document and Reporting Compliance (SAP DRC)

Your benefits

Simplified electronic invoicing: SAP Document and Reporting Compliance (DRC) enables efficient and automated management of electronic invoicing. Customers benefit from fast and accurate creation, transmission and processing of invoices, resulting in time and cost savings.
Real-time reporting: With SAP DRC, customers have access to real-time data and reports. This provides greater transparency and enables customers to make informed business decisions. Real-time reporting helps identify risks, capitalise on opportunities and better understand the company's financial performance.
Legal compliance: SAP DRC helps customers comply with legal requirements and regulations, particularly in the area of reporting. The solution is designed to meet current legal requirements and protect customers from legal risks. Automated compliance with legal requirements minimises the risk of penalties or sanctions for customers.
Global adaptability: SAP DRC can be used worldwide and can be adapted to the specific requirements and regulations of different countries. Customers can easily implement the solution in multiple locations or subsidiaries while ensuring that they meet local compliance requirements.
Increased efficiency and cost savings: By automating processes and centralising the management of electronic invoicing and reporting, SAP DRC helps customers increase efficiency and reduce costs. Less manual work, fewer errors and faster processes lead to higher productivity and improved profitability.
Reliable data security: SAP DRC provides a secure and protected environment for storing and processing sensitive financial data. Customers can trust that their data is protected from unauthorised access and that the integrity and confidentiality of information is maintained.
Scalability and flexibility: SAP DRC is scalable and can be adapted to the growing requirements of companies. Customers can expand the solution and adapt it to new business requirements while ensuring that they continue to meet compliance requirements.

SAP DRC functionalities

Manage
Electronic Documents

The eDocument Cockpit is based on the design of the old SAP GUI user interface. It consists of a single page with a results overview on the left and a document list on the right. When a single document is selected, a detailed view is displayed showing the transaction code of the source document for this eDocument.

The summary page provides a comprehensive overview of all scenarios by country, allowing business users to see the current status of the various eDocument processes. When an individual document is selected, its history is displayed on the ‘History’ tab, while any error messages are displayed on the ‘Logs/File’ tab. Error analysis allows business users to process large numbers of eDocuments with identical error codes.

Document &
Reporting Dashboard

The information generated in the dashboard appears according to the roles assigned to you and the active applications in your system. Depending on your role, you can perform the following activities:

Get an overview of the status of electronic documents per country/region
View the status of regular reports and the associated due dates by country/region, reporting unit or report
Display reports that require immediate attention based on due date or pending report activities

Legal forms creation

This activity describes the process that enables legally required forms and reports to be generated in accordance with current legal standards and regulations. This function is essential for ensuring that the company complies with legal requirements and produces accurate reports and forms that are essential for tax returns, financial statements or regulatory filings, for example.

The SAP Legal Forms Creation function plays a role in optimising the compliance process and ensures that reports and forms are created accurately, on time and in accordance with applicable regulations. This helps companies minimise potential legal risks and meet their legal obligations.

Examples:

Periodic value added tax (VAT) returns
Withholding tax reporting obligations
EC sales lists
Audit files: SAF-T
and much more

Submission of statutory reports

‘SAP Submission of Statutory Reports’ refers to the process of submitting or transmitting statutory reports and forms that have been created as part of a company's compliance requirements. These reports and forms contain important financial and business information and must be submitted to the relevant authorities or regulatory bodies in accordance with the applicable legal provisions and regulations. SAP Submission of Statutory Reports is an important part of a company's compliance management process and ensures that organisations meet their legal obligations and submit reports in a timely and accurate manner. This helps to minimise legal risks and strengthen the trust of stakeholders, customers and business partners.

Good reasons for SAP DRC in S/4HANA?

Standardisation, simplification and efficiency: By managing documents and legal reports worldwide, SAP Document and Reporting Compliance enables companies to optimise compliance, improve efficiency and increase operational sustainability.
Extensibility: By providing a platform for extensibility, SAP enables you to create new scenarios or leverage the partner ecosystem to meet your business needs. This ensures a consistent user experience and simplified processes.
Global coverage of end-to-end processes: With an integrated solution, SAP enables global coverage of end-to-end processes and allows you to adapt to constantly changing legal requirements. This ensures a smooth transition from periodic, statutory reporting to continuous transaction controls.

Components of SAP Document and Reporting Compliance

There are various components that help to ensure compliance in this area. Here are some important elements:

The SAP system enables centralised document management, including versioning and approval. By implementing structured document management, companies can ensure that documentation complies with compliance requirements and is archived correctly.

SAP offers comprehensive reporting functions that enable users to analyse data and create reports in accordance with compliance requirements. The reports should provide relevant information to verify and demonstrate compliance with regulations.

SAP enables the implementation of internal controls and validations to ensure that data and documents comply with specific rules and standards. These controls can be automated to reduce human error and ensure compliance with regulatory requirements. It is important to note that the exact components of SAP Document and Reporting Compliance may vary depending on the specific requirements of a company. Companies must identify the relevant compliance regulations and guidelines and then implement the appropriate functions and configurations in SAP to ensure compliance.

The implementation of DRC in the B2G sector is essential! We provide comprehensive support for the implementation of your DRC project and ensure the fast, straightforward and cost-effective integration of this SAP solution into your existing software landscape.

Tamilla Yashina, Consultant FICO Contact expert

An Excerpt from our SAP Document and Reporting Compliance Projects.