This blog illustrates selected highlights in the area of Governance, Risk, and Compliance (GRC) with SAP S/4HANA Cloud, private edition 2023. This time, we focus on innovations from SAP S/4HANA for International Trade, SAP Document and Reporting Compliance, SAP Financial Compliance Management, SAP Privacy Governance, and SAP Cloud Identity Access Governance.
This blog covers the following topics:
SAP S/4HANA for International Trade
SAP Document and Reporting Compliance
SAP Financial Compliance Management
SAP Cloud Identity Access Governance
If you are interested in what is new with SAP Process Control, SAP Risk Management, SAP Audit Management, and SAP Business Integrity Screening, please refer to two excellent blogs by Thomas Frenehard:
As of SAP S/4HANA 2023, the Current Month and Previous Month parameters for specification of the declaration month are available in the following Intrastat selection apps:
By selecting the Current Month parameter option, the declaration month is calculated as the month of the job execution date.
By selecting the Previous Month parameter option, the declaration month is calculated as the month previous to the month of the job execution date.
Intrastat declarations for Malta are supported as of SAP S/4HANA 2023.
Prior to SAP S/4HANA 2023, there were three custom fields in Intrastat declaration items with 5, 10, and 15 characters.
With SAP S/4HANA 2023, there are three more custom fields in Intrastat declaration items with 20, 40, and 40 characters.
You can fill these custom fields by using the BAdI BADI_INTRASTAT_SELECTION.
Two new fields:
In Croatia, as of SAP S/4HANA 2023, it is possible to assign third party declarants to providers of information and create Intrastat declarations with information relevant for third party declarants.
New app to schedule the transfer of product attributes for special customs procedures to the SAP Global Trade Services system. With this app, product attributes for special customs procedures can be transferred to SAP Global Trade Services in a batch manner in SAP S/4HANA Cloud.
Tax authorities have been continuously increasing the number and the complexity of legal mandates and, lately, they have been moving toward continuous transactions controls. These translate to business processes extended with an additional step that sends business documents to the tax authorities for registration / approval before business transactions can take place. And, as a result, tax authorities collect all data required to automatically verify returns upon submission or even prepare draft returns on behalf of tax payers.
SAP Document and Reporting Compliance allows you to automatically check the consistency of business transactions between SAP S/4HANA and tax authorities’ platforms to early identify discrepancies and allow enough time for corrections prior month-end. In addition, you can centrally review the findings and initiate corrections. This way, you can ensure traceability and minimize the risk of noncompliance at the time of returns submission.
Value Proposition
Capabilities
Fig. 1: With the consistency check for electronic documents, you can proactively check the consistency of business transactions between SAP S/4HANA and the data of the tax authorities
Fig. 2: With the consistency check for electronic documents, you can review inconsistencies and initiate corrections
Since last year, the ready-to-use scenarios have been expanded to cover 497 legal requirements (81 new scenarios since the 2022 release of SAP S/4HANA) across 57 countries, including newly released electronic invoices for Poland, Romania, Slovakia, and Egypt. The full list of ready-to-use compliance scenarios currently available can be found here:
SAP Document and Reporting Compliance allows you to comply with local regulations, including automated creation and electronic exchange of business documents in the required format. The ’Manage Electronic Documents’ app allows you to review electronic documents and manage corrections across countries.
With the new release, you can proactively notify errors by sending emails to predefined mailboxes (e.g. support teams or individual users) or setting up automated notifications to specific users. From the notification or the document list (Logs tab or Error Tag), you can easily navigate to the ‘Error Analysis’ page, which provides a streamlined view by error type and assists you in troubleshooting errors, retriggering email notifications and initiating corrections. Another enhancement with electronic documents processing is the option to manually create electronic documents when, for example, automatic creation fails or electronic document needs to be recreated upon update of underlying business transaction.
Value Proposition
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Fig. 3: Thanks to the automated error notifications during electronic documents processing, you can proactively trigger error notifications during electronic documents processing
Fig. 4: With the new functionality, you can manually send e-mail notifications
Fig. 5: In addition, you can review errors and initiate corrections of your electronic documents
Compliance specialists now benefit from full transparency into the status quo of issue and remediation management provided by the ‘Issues Overview’ app. Thanks to the intuitive dashboard, they are guided by the system to those issues that require their attention and can directly drill-down to take immediate action.
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Fig. 6: The operational dashboard in SAP Financial Compliance Management provides full transparency for compliance specialists regarding issue and remediation management
The GRC Business Content Service allows partners to become content providers and offer content (for example, predefined controls) for SAP Financial Compliance Management through standardized packages to customers. Using ‘the Manage Business Content Objects’ and ‘Manage Business Content Packages’ apps, content providers can create, manage, and maintain content packages to be consumed by their own customers.
Value Proposition
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Content can be:
Figure 7: The GRC Business Content Service for SAP Financial Compliance Management makes it possible for partners to also become business content providers.
For partners who would like to become content providers:
The integration of SAP Signavio with SAP Financial Compliance Management enables you to monitor business critical processes in SAP Signavio and carry out compliance-relevant checks on those processes to ensure their effectiveness.
Value Proposition
Capabilities
Fig. 8: Integration of SAP Financial Compliance Management with SAP Signavio – View in SAP Signavio
Figure 9: Integration of SAP Financial Compliance Management with SAP Signavio – View in SAP Financial Compliance Management
SAP Financial Compliance Management supports assurance activities that you can select to check the effectiveness of your compliance checks. The assurance activities enables you to find any blind spots in your compliance strategy by testing whether your controls function in the intended way. Furthermore, you can ensure that your organization meets all obligations to ensure financial compliance by checking that implemented controls are sufficient.
Value Proposition
Capabilities
Fig. 10: With SAP Financial Compliance Management, it is now possible to check the effectiveness of your compliance checks
If you are interested to discover the future of business process intelligence and automated controls. Listen to the episode six of our podcast series ‘The Future of ERP’. In this episode called ‘Changing the Way People Work with Business Process Intelligence and Automated Controls‘, Deloitte’s Jan Gruene and SAP’s Dr. Neil Patrick discuss business process intelligence, its benefits to organizations, and how automation can help optimize internal controls around finance, compliance, and sustainability.
Fig. 11: The new ‘Future of ERP’ podcast discusses the future of business process intelligence and automated controls
Additional workflow configuration options to support various business requirements :
Benefits
Capabilities
Improved workflow to enable additional customization:
The new Manage PAM session app allows the administrators to view all PAM IDs that exist, are in use and/or inactive. The app also lists additional information on session status, validity of the PAM ID, information on when the session was started and reasons for which the PAM IDs are required.
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This feature provides capability to upload multiple new business roles and also update existing business roles attributes using the file upload. You can download the template for business roles.
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Other SAP S/4HANA Cloud and SAP S/4HANA Enablement Assets
SAP S/4HANA is the foundation of the intelligent enterprise and is an innovative, robust, and scalable ERP. We at Cloud ERP Product Success and Cloud Co-Innovation offer a service as versatile as our product itself. Check out the numerous offerings our Enablement team has created for you below:
Further Information:
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