archive

Exploit SAP Quality Management to Handle External Activities

Sergei Peleshuk provides an overview of SAP BW/4HANA and key considerations to think about when making the decision to migrate.

This content is available to SAPinsider Premium Members.
Please click below to log in or create an account

Login Now »

Create Acount»



Live from SAPinsider Studio: Transcending Finance's Leadership Role

Thack Brown of SAP Describes Groundbreaking Technology of Today and Beyond 2020

Thack Brown, Senior Vice President at SAP, summarizes his keynote address from the Financials/GRC 2017 conference held in Las Vegas, Nevada. Topics covered include: The various ways that finance professionals roles are currently changing How SAP solutions are helping customers evolutions in the finance space Key examples of customer successes… This content is available to SAPinsider Members(complimentary)....

This content is available to SAPinsider Members(complimentary).
Please click below to log in or create an account

Login Now »

Create Acount »



Live from SAPinsider Studio: Why Cybersecurity Is Not Just an Issue for IT

Thomas Frenehard of SAP Shares Insights on Security Risks and GRC Functionality from SAP

Thomas Frenehard, Director of GRC Solution Management at SAP, describes the dangers for organizations that assume cybersecurity is merely an IT issue . Topics covered include: The latest cybersecurity trends, methods, and breaches to watch out for The steps SAP customers can take to achieve cyber excellence The benefits of moving to a unified view of risk management… This content...

This content is available to SAPinsider Members(complimentary).
Please click below to log in or create an account

Login Now »

Create Acount »



Sloan Valve Opens Floodgate to Improved Customer Experience

As producers of motion-sensing restroom appliances and other commercial plumbing products, Sloan Valve makes life more efficient for people who visit restrooms in restaurants, airports, and other public spaces. But its own sales processes needed an improvement in efficiency. Salespeople had been performing their work manually — relying on handwritten notecards to keep track of leads and calling the field office if customers had questions about their account. Sloan Valve wanted to avoid this excess effort and improve the visibility into lead conversions. Learn how the business gained efficiencies with SAP Hybris Cloud for Sales and SAP Hybris Cloud for Service. 

This content is available to SAPinsider Premium Members.
Please click below to log in or create an account

Login Now »

Create Acount»



The State of Regulatory Compliance: Latin America Charts the Course

Last week, Sovos issued a new report covering The State of Regulatory Compliance, which details the evolution of technology-driven regulatory trends, as well as how businesses can proactively prepare for the new wave of global compliance obligations. Not surprisingly, the report shines a spotlight on Latin American governments who first introduced initiatives giving governments more visibility into business transactions.

Today, those initiatives are quickly being adopted across the globe, specifically in Europe. Here’s a sneak peek at some of the major Latin American compliance initiatives that European countries are now leveraging: 

Transaction-level reporting: Latin American countries, particularly Brazil and Mexico, pioneered government visibility into individual business transactions through their e-invoicing measures, which were launched a decade ago. Now, 24 countries across the globe require some level of transaction-level reporting, including Hungary, Spain and Turkey. Governments are approaching reporting requirements in two ways:

  • Post-transaction processes – Companies required to submit invoices or invoice data must do so after the transaction concludes. Mexico led this approach to ensure accuracy for retail transactions and now Spain is rolling out its Immediate Information System process, beginning July 2017.
  • Real-time transaction processes – This approach requires government validation for transactions as soon as the event occurs. Without this validation, the invoice cannot be sent to the buyer and in some cases – goods cannot be shipped.

Cross-border initiatives: Several Latin American countries have forged agreements to share taxpayer insights to ensure that accurate taxes are paid for cross-border transactions. Similar initiatives are starting to go global. Examples include:

  • The Common Reporting Standard (CRS) – 100 jurisdictions worldwide have agreed to this reciprocal exchange of information about accounts held by individuals with a tax residency in a different jurisdiction. Participants include Belgium, Brazil, France, Germany, Italy, Mexico and the U.K.
  • The Base Erosion and Profit Shifting (BEPS) Action Plan – a new reporting standard under which multinational organizations must provide detailed financial and tax information on the global breakdown of their income and taxes. The U.K., Spain, Mexico, the Netherlands and Poland are among the approximately 50 countries passing BEPS requirements.

Rolling and automated audits: With new levels of data acquired continuously, governments have the ability to detect tax reporting errors more frequently, often in real-time, and automate the audit process. Mexico is currently the gold standard in audit automation, but European countries are introducing new standards to better facilitate audits. The Standard Audit File for Tax (SAF-T) is a process common in the E.U. that facilitates the transfer of tax reporting information from companies to relevant authorities, requiring companies to provide governments with full transparency on business transactions.

These trends tell us one thing – that Latin America is pioneering the future of compliance, and countries around the world are quickly catching up. Businesses must embrace automation and centralization to avoid greater risk and ensure accurate compliance with global initiatives.

Download our State of Regulatory Compliance eBook to learn how regulatory trends such as these are taking hold around the globe.




Multi-Currency Accounting with SAP S/4HANA

Sergei Peleshuk provides an overview of SAP BW/4HANA and key considerations to think about when making the decision to migrate.

This content is available to SAPinsider Premium Members.
Please click below to log in or create an account

Login Now »

Create Acount»



Exploit SAP Quality Management to Handle Subcontracting Activities

Sergei Peleshuk provides an overview of SAP BW/4HANA and key considerations to think about when making the decision to migrate.

This content is available to SAPinsider Premium Members.
Please click below to log in or create an account

Login Now »

Create Acount»



Hillarys Blinds Opens Window into Real Time

Hillarys ― a manufacturer and retailer of made-to-order window coverings based in Nottingham, England ― has been well ahead of the customization curve, providing its customers with personalized products and service for nearly 50 years. Business and customer needs have changed significantly, however, and Hillarys recognized it needed to adapt in order to innovate, capture opportunities for growth, and satisfy changing customer expectations. Learn how Hillarys modernized its infrastructure and improved performance, enhanced the customer experience, and enabled access to innovative technologies by upgrading to SAP Business Suite and moving to an SAP HANA database.

This content is available to SAPinsider Premium Members.
Please click below to log in or create an account

Login Now »

Create Acount»



Tips for Enhanced Reporting and Planning Using Local Providers

Sergei Peleshuk provides an overview of SAP BW/4HANA and key considerations to think about when making the decision to migrate.

This content is available to SAPinsider Premium Members.
Please click below to log in or create an account

Login Now »

Create Acount»