SAP data extraction for SAF-T Compliance

SAP SAF-T compliance

Ensuring that your business is fully compliant with tax regulations in all of the territories in which it operates can be complex. The introduction of the standard audit file for tax (SAF-T) has added to the demands on your SAP system and audit staff. TJC Group have worked with a Big Four auditing firm to develop an innovative solution that simplifies compliance across multiple territories.

Since the first SAF-T requirement was launched we have been working on a specialist tool that provides fully compliant and traceable data extracts. Our expertise in SAP databases and awareness of tax obligations has allowed us to design a solution that simplifies SAF-T preparation considerably, without impacting on system performance.

Our SAF-T solution allows multinational enterprises (MNEs) to easily manage SAF-T compliance locally while retaining control of the overall SAF-T strategy centrally. Developed in collaboration with one of the Big Four audit firms, the SAF-T definitions exactly meet the requirements for each country where the standard has been implemented. These definitions are continually updated to ensure current and future compliance.

TJC Group are able to offer a solution that can be easily integrated into current business processes while protecting data. Our solution allows SAP administrators to provide autonomy to auditors within the information security policies defined by your business.

What is TJC's SAF-T compliance solution?

Our SAF-T compliance solution for SAP provides a unified solution that can be customized to meet regulation in any country. It allows audit managers to access and extract consistent, reliable data at any time without impacting the performance of the SAP database.

Tax and audit managers can easily freeze data for a specific period, rather than using live data, making tax analysis easier. Detailed traceability logs ensure data consistency. This gives auditors confidence in the data, allowing them to readily identify any tax risks.

Our single solution for managing SAF-T compliance for all countries allows for easy deployment and management by central IT teams. The SAP admin resource required to ensure compliance can be greatly reduced by allowing auditors to have autonomy, while granular user management and authorization removes any security issues this may present.

What are the benefits of TJC's SAF-T compliance solution?

Effectively implementing SAF-T across your business can be costly and complex. TJC Group offer a simple and cost effective solution that can be implemented and managed centrally. Designed to respond to future changes in standards and the introduction of SAF-T to new regions, we can provide a long-term solution to tax and audit compliance for your business.

  • Provides a single solution for all countries.
  • Country-specific SAF-T definitions developed in partnership with a Big Four audit firm.
  • A long term, cost effective solution that can be updated and extended for future changes to regulations.
  • Allows audit staff to access data directly, without the need for SAP system administrator resource.
  • Enables the extraction of large volumes of data without impacting on SAP system performance.
  • Maintains the security of your data throughout the process.

Learn more about how SAP SAF-T compliance can support your business

TJC Group have been developing SAP certified software and intelligent, reliable solutions for 20 years. We have a deep technical understanding, which we combine with an awareness of tax and audit to support businesses to achieve full compliance in a cost effective manner. With experience across a wide range of industries globally and working partnerships with the Big Four, we can be your trusted partner for SAP SAF-T compliance.

Contact our team of experts to understand more about how TJC Group can help.

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