SAP Disclosure Management by Tony Wright
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The document discusses SAP BusinessObjects Disclosure Management, a software solution that helps companies reduce the time, risk, and cost of regulatory disclosures. It provides speed and flexibility through automation, integrates data to accelerate disclosure generation, and supports collaboration through workflow and approval tools. It also enables compliance and control with audit trails, versioning, and the ability to generate disclosures and XBRL filings.
SAP Disclosure Management by Tony Wright
- 1. Introduction to SAP BusinessObjects Disclosure Management Reduce the time, risk and cost of regulatory disclosures SAP Canada May 19, 2011
- 2. Agenda SAP BusinessObjects Disclosure Management and the problem it solves Customers benefit from SAP BusinessObjects Disclosure Management SAP BusinessObjects Disclosure Management overview Speed and flexibility Collaboration Compliance and control Demonstration Summary © 2011 SAP AG. All rights reserved. Confidential 2
- 3. © 2011 SAP AG. All rights reserved. Confidential 3
- 4. SBO Disclosure Management © 2011 SAP AG. All rights reserved. Confidential 4
- 5. The Challenge of Regulatory Disclosures: Lack of Automation, Visibility and Control Collecting disparate data is time-consuming Disparate data sources across system landscapes Regulatory information contained in spreadsheets Manual cut-and-paste for narrative content Manipulating data manually increases cost E-mail workflow reduces visibility into status Multiple document instances and versions Approvals are cumbersome to manage and audit Decentralized disclosures increase risk Manual cut-and-paste into different formats XBRL filing separate from statement publication Last-minute adjustments may cause inconsistencies © 2011 SAP AG. All rights reserved. Confidential 5
- 6. Today's Reality © 2011 SAP AG. All rights reserved. Confidential 6
- 7. Disclosure Management Organization and Simplification SAP Disclosure Management © 2011 SAP AG. All rights reserved. Confidential 7
- 8. Architecture – Disclosure Management © 2011 SAP AG. All rights reserved. Confidential 8
- 9. Business Analytics Solutions from SAP Achieve Remarkable Results Analytic Applications By Industry By LoB Financial Services Service, Sales, and Marketing Public Sector and Healthcare Procurement Enterprise Performance Manufacturing Supply Chain Governance, Risk, Management Consumer Products Finance and Compliance Planning, Retail and Telco Sustainability Strategy Access Risk Budgeting, and Utilities and more…. IT, HR, and more… Enterprise GRC Management Management Forecasting Continuous Profitability and Financial Global Trade Transaction Cost Management Consolidation Services Monitoring Disclosure Management Enterprise Information Business Intelligence Management Reporting and Dashboards and Data Master Data Analysis Visualization Services Management Event Content Data Exploration Mobile Processing Management Information BI Platform Governance Data Warehousing Enterprise Data High-performance Data Mart Warehousing Analytic Solutions Solutions © 2011 SAP AG. All rights reserved. Confidential 9
- 10. SAP BusinessObjects Disclosure Management Reduce the time, risk and cost of regulatory disclosures Speed and flexibility Accelerate the generation of disclosure statements Integrate data for a single view across the organization Optimize the close from source to digital disclosure Collaboration Assign disclosure responsibility to distributed teams Automate integration and data flow Designed for ownership by finance professionals Compliance and control In-house production of trusted financial statements Support multiple financial and regulatory statements Enable creation of XBRL-based statements © 2011 SAP AG. All rights reserved. Confidential 10
- 11. Speed and Flexibility Accelerate the generation of disclosure statements Re-usable report and disclosure statement structures Sample templates for common financial disclosure statements (10K, 10Q) Statements are composed of components, including chapters and sub-chapters Components can be re-used in multiple other statements Statement versioning Editor checks out a statement component for content creation Updates are checked in with a new version and comments Content changes from prior version are highlighted for easy identification Allows roll-back to prior statement version © 2011 SAP AG. All rights reserved. Confidential 11
- 12. Collaboration Assign disclosure responsibility to distributed teams Distributed workflow Between teams and individuals Across hierarchical levels and organizations Role-driven tasks Business-driven configuration of workflow tasks, status indicators, and next steps Change management and approvals Separation of roles between editor of content, and approver of content Audit trails based on workflow, management of statement and chapter versions, and comments to document changes © 2011 SAP AG. All rights reserved. Confidential 12
- 13. Collaboration Designed for ownership by finance professionals Ease of use Utilizes easy-to-use, web-based interface Simple creation and linking of financial statements and chapters Overview of tasks and timelines with due dates for better visibility Status icons to manage progress of statement production and approvals No need for IT intervention Familiar software environment Use of Microsoft Office solutions, which are familiar to finance professionals Microsoft Office templates ensure consistent formatting for all statements Document versions capture and highlight changed information © 2011 SAP AG. All rights reserved. Confidential 13
- 14. Compliance and Control In-house production of trusted financial statements Support for multiple roles Administrator role for set-up Functional roles for Editor and Approver Manages the authorization and access to sensitive data Leverages source system authorizations for data loads and refreshes Authorization to statements and components managed in disclosure management solution Versioning and traceability of all approvals Creates an audit trail of tasks and versions in the statement production process Approvals are managed at the component and the complete financial statement levels © 2011 SAP AG. All rights reserved. Confidential 14
- 15. Compliance and Control Enable creation of XBRL-based statements XBRL engine Integrated into the disclosure management process to leverage the same source data Allows financial professionals to manage mapping and tagging using drag-and-drop XBRL taxonomies Supports any taxonomy in use today Enables financial users to execute tagging using drag-and-drop and business rules Allows financial users to extend existing taxonomies to provide additional detail to investors XBRL instance documents Creation of instance documents by the application Validation and preview prior to filing © 2011 SAP AG. All rights reserved. Confidential 15
- 16. Agenda SAP BusinessObjects Disclosure Management and the problem it solves Customers benefit from SAP BusinessObjects Disclosure Management SAP BusinessObjects Disclosure Management overview Speed and flexibility Collaboration Compliance and control Demonstration Summary © 2011 SAP AG. All rights reserved. Confidential 16
- 17. Agenda SAP BusinessObjects Disclosure Management and the problem it solves Customers benefit from SAP BusinessObjects Disclosure Management SAP BusinessObjects Disclosure Management overview Speed and flexibility Collaboration Compliance and control Demonstration Summary © 2011 SAP AG. All rights reserved. Confidential 17
- 18. SAP BusinessObjects Disclosure Management Reduce the time, risk and cost of regulatory disclosures Key Features Business Value Speed and Flexibility Reduces Time Accelerate the generation of disclosure statements Accelerates the collection and Integrate data for a single view across the organization management of information across the entire enterprise to Optimize the close from source to digital disclosure support regulatory disclosures Collaboration Reduces Cost Assign disclosure responsibility to distributed teams Streamlines and automates the Automate integration and data flow collection, validation, and approvals with an easy-to-use, Designed for ownership by finance professionals visual interface Compliance and Control Reduces Risk In-house production of trusted financial statements Enables the production and Support multiple financial and regulatory statements publication of reliable, complete, and auditable financial and Enable creation of XBRL-based statements regulatory statements © 2011 SAP AG. All rights reserved. Confidential 18
- 19. Managing the Risks Errors Late Filing Feature Benefit Feature Benefit Integration to No rekeying Data and template Quick setup for next SAP BW/BPC Roll-forward reporting cycle Compare feature Can see exactly what has Integrated XBRL More time at end of cycle changed 1 2 3 4 Feature Benefit Feature Benefit Role based Only authorized users can Audit Trail To track who did what, security view/edit data and when Workflow controls Tight management of who Filing ‘validation’ See & review XBRL sees what and when errors prior to filing Insider “Leaks” Non-Compliance © 2011 SAP AG. All rights reserved. Confidential 19
- 20. For More Information www.sap.com/disclosure-management See SAP.com for: Solution briefs Disclosure management Financial consolidation and reporting Demos Disclosure management The Financial Close - Optimizing Performance and Driving Financial Excellence Solution in detail Enterprise-wide financial control Financial consolidation and reporting Starter kits for disclosure management and IFRS White paper The Financial Close - Optimizing Performance and Driving Financial Excellence © 2011 SAP AG. All rights reserved. Confidential 20
- 21. For More Information about Achieving Financial Excellence with SAP … Visit the Financial Excellence Executive Overview pages on the SAP website for thought leadership papers, solution briefs, demos and customer stories: www.sap.com/financialexcellence You can also follow us on: www.twitter.com/cfoknowledge http://cfoknowledge.wordpress.com/ www.twitter.com/sapepm www.facebook.com/cfoknowledge www.sdn.sap.com/irj/bpx www.facebook.com/sapepm /financial-excellence © 2011 SAP AG. All rights reserved. Confidential 21
- 22. Thank You! Contact information: Tony Wright – [email protected]
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