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.
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.
Effectively implementing SAF-T across your business can be costly and complex. TJC Group
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