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.
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.
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:
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:
‘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.
There are various components that help to ensure compliance in this area. Here are some important elements:
Document management
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.
Reporting & Analysis
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.
Controls & Validation
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.
Based on the SAP Activate tailored by CONSILIO approach, we offer the following services: