SAP data extraction for tax and audit compliance

Tax & Audit Readiness

As the volume of your business data grows, it can become more difficult to meet your tax and audit obligations. Delivering these obligations while retaining the security and integrity of your IT systems and policies can further complicate issues. TJC Group's innovative, SAP certified solutions can help. We ensure your business can meet both current and future legal requirements, without negative impacts on the performance or security of your SAP database.

Our intelligent SAP data extraction solutions make it simple and quick to extract the potentially large quantities of data required for tax and audit functions, such as for SAF-T and SOX compliance. As SAP database experts, we have developed a solution that does not have a negative impact on system performance and allows auditors and other relevant staff direct access to data while maintaining the security of your system.

Our flexible, scalable solution is ideal for multinational enterprises seeking a unified solution that can provide compliance data for all tax jurisdictions the business operates within. This flexibility also makes it simple to respond to changes in legislation, such as the increasing adoption of the SAF-T standard.

TJC Group can support your endeavours to make your business compliant with a wide range of tax and audit requirements in a way that minimises the impact on your business and protects your reputation. Designed to allow granular permissions, we will work closely with IT and SAP administration teams to ensure that our solution is fully compatible with your HR, data protection and information security policies.

What is SAP data extraction for audit and tax?

Our SAP data extraction solution allows an SAP query to be easily defined by the auditor, validated by the SAP system administrator and stored securely outside of the SAP database environment. This allows audit staff to access the online or archived data directly within their chosen software environment without impacting the performance of the SAP database.

With the flexibility to choose the content that is extracted, the output file format that the data is extracted to and the frequency of extraction, auditors can fine tune extracts to provide them with the data needed to be compliant with the relevant requirements.

Similarly, SAP system administrators have the option to approve large extracts and schedule extraction to take place at convenient times. SAP security settings are transferred with the data, ensuring data protection and information security requirements are met.

What are the benefits of SAP data extraction for audit and tax?

In a landscape of changing tax and audit requirements, the challenge of maintaining compliance and tax preparedness is one that many businesses struggle with. It can pose particular problems for businesses operating across several tax jurisdictions. TJC Group's data extraction solution for tax and audit simplifies the process and gives your business the flexibility to react to the changing landscape and provides a wide range of benefits:

  • 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.
  • Provides an automated solution with user-defined intervals, reducing the overall cost of compliance.
  • Inbuilt flexibility and full knowledge transfer allows your business to quickly and efficiently respond to any future requirements and changes in legislation.
  • SAP certified ABAP plugin maintains SAP standards throughout.

What advantages are there for my team?

Audit and Business Managers

Provides accurate data extracts at any time without reliance on SAP Administrators

Our data extraction solution provides auditors and business managers with direct access to both live and archived data as and when they need it. The simple interface and granular permissions provided by our SAP certified software allows auditors to have direct access to data without having to request it from SAP administrators. Auditors can generate reliable data extracts themselves and can output into any data format to suit their preferred audit analytics tools.

Efficiency and cost savings

By significantly streamlining the audit process and reducing the overall cost of compliance, you have more time and scope to analyze your data, identifying additional savings or new opportunities.

Query online and archived data from the same interface

Our advanced extraction software allows you to easily access both online and archived data from the same interface. This further streamlines the process and also allows your business to easily benchmark performance and compare against historic data.

Guarantees consistency with source data

We understand the need for traceability and accuracy when it comes to data for tax and audit. We worked with auditors in the design of our SAP certified software suite to ensure extracted data is consistent with the source and can be relied upon.

Finance and Tax Managers

Meeting the needs of Finance and Tax Managers with our data extraction solution for tax and audit

Our data extraction solution has been designed to support Finance and Tax Managers in delivering tax and audit obligations, allowing them to respond quickly to requests from tax authorities and deliver reliable financial data to internal finance teams and auditors. Granular permissions provide finance and tax teams with the autonomy to generate their own data extracts, enabling you to respond quickly to the needs of your business.

Generates fully traceable data you can have confidence in

The SAP certified software that makes up our data extraction solution allows you to query both live and archived data from the same interface. Detailed logs provide full traceability so you can be confident that the extracted data is consistent with your source data.

Extract large volumes of data whenever it is required

Our simple audit extraction dashboard allows staff in finance and tax functions to access live and archived data directly, without having to request it from SAP administrators. Data extracts can be automated to run at regular intervals so your teams will always have the data that they need without affecting the overall security of your database. Extracts are fully flexible, allowing you to update queries and respond to changing requirements for tax reporting and audit. Large extracts can also be scheduled for off-peak hours to ensure system performance is not affected at business-critical times.

Directors and General Managers

Used by hundreds of companies worldwide, our solution simplifies the process of data extraction for tax and audit, reducing the overall cost of compliance.

We have worked with stakeholders across all areas of the business to ensure our solution supports your requirements for compliance and reduces the total cost of meeting your regulatory obligations. Our solution can provide significant productivity gains by giving auditors and financial staff the autonomy to generate large and complex data extracts, without impacting the security of your system.

Makes compliance with local tax laws and regulations easy to manage

The simple to use software makes it easy to define different extracts for each country your business operates in. These can be automated to provide regular and timely data extracts, allowing your business to meet its obligations in time, every time. The granular permissions in the system allows SAP Administrators to grant direct access to data for your auditors and finance staff without compromising your data security policies. Large extracts can be set to run at off-peak times, ensuring that system performance is not impacted. Data can be extracted into any format to suit the audit tools used by your business.

Provides fully traceable data that is consistent with the source

Users are able to extract data from both online and archived data sources. Each extract generates a full log ensuring entries can be traced back to the source data. You can therefore be confident of the consistency and accuracy of the data.

Administrators

Allows for the extraction of large volumes of data without impacting on system performance

Tax and audit compliance can require the extraction of large quantities of data for review and assessment. Performing these extracts in a traditional SAP environment can have significant impacts on system-wide performance, with knock on effects for other users. Our audit and tax extraction solution uses several approaches to prevent this, giving SAP administrators control over the extraction process and ensuring your system performance is not impacted.

Reduces the pressure on SAP administration resources by providing autonomy to auditors

The need to manage access to sensitive business and personal data held within your SAP database can result in multiple, complex requests to the SAP administration team for extracts to be used for tax and audit purposes. Our solution allows you to provide auditors with direct access to data, without compromising your organizational security policies or system performance. This reduces the SAP administration resource required to ensure compliance.

Provides a simple access management interface to easily maintain security policies

The SAP certified software provided as part of our data extraction solution allows you to easily manage user access to data at an individual level. These permissions extend to the content storage used for extraction, allowing you to control access outside of SAP.

IT Managers

A flexible solution that meets your security needs

We have developed an SAP workspace that simplifies the extraction process, putting it in the hands of tax and finance teams while meeting the system security needs of your business. Our solution makes it easy for your business to create customized extracts from large volumes of data without impacting the performance of your system. Designed to be flexible, this solution allows you to respond to changing requirements, such as the roll out of SAF-T in Europe.

Allows staff to easily create data extracts for different countries from a single interface

Tax and audit requirements in different territories can vary considerably and managing the data for these requires a significant amount of resource. Our SAP certified workspace provides a single, unified interface. This allows tax and audit staff autonomy to customize and run data extracts across online and archived data, easily generating customized extracts for each country you operate in. Data extracts can be automated to run at regular intervals and easily updated to meet new legal requirements.

Enables large volumes of data to be managed without impacting on system performance

Ensuring tax compliance for a multinational business can require the extraction of large quantities of data for review and assessment. Performing these extracts within a traditional SAP environment can have significant impacts on system-wide performance, with knock on effects for other users. Our audit and tax extraction solution uses several approaches to prevent this, including automation of extracts at off-peak times and requiring SAP administrator approval for large extracts.

Learn more about how SAP data extraction for audit and tax can support your business

TJC Group have been developing SAP certified software and intelligent, reliable solutions for 20 years. With experience across a wide range of industries globally and working partnerships with the Big Four, we are a trusted partner that can help your business to keep up to speed with your tax and audit obligations.

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

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