Disclosure Management
Take control of your formal reporting with SAP Disclosure Management.
Disclosure Management
Your company has streamlined the process of closing the books at a legal and corporate level with enterprise software solutions – but what happens when the last entry has been made in your consolidation system?
Do manual processes take over again, with a proliferation of spreadsheets and documents, conflicting edits made in different document versions, and approvals made on email not saved in your audit trail?
SAP’s Disclosure Management solution manages the production, publication and filing of financial regulatory reports, saving you the time, risk and cost of disclosures.
This solution offers:
Speed and flexibility
- Automate your disclosure processes - accelerate that “last mile”
- Get a comprehensive and trusted view of your business by integrating your data from multiple sources
- End-to-end optimisation of your financial close process - from source to digital disclosure
Collaboration
- Improve collaboration by assigning disclosure processes to teams across your organisation
- Reduce your manual processes and errors by automating integration and data flow
- Created for ownership by finance professionals in your company, to allow ease of use and sharing of information
Control and compliance
- Create reliable, auditable financial and regulatory statements
- Supports financial and regulatory reports in a wide range of publication formats
- Allows your finance professionals to create XBRL-based statements without technical training
Disclosure Management Architecture
Speed and flexibility
Your data is brought together from various systems to create one source of the truth for your business. This data can come from consolidations, business intelligence and core financials, as well as spreadsheets and manual entry – and you can refresh the disclosure data at any time. Your information from these source systems is then combined with narrative to generate financial and regulatory statements.
Collaboration
Editing and approvals between your teams is managed with a built-in workflow. Your financial statement is broken down into chapters and sub-chapters, and the workflow notifies your team members when a chapter or a statement is complete. Only one editor can work on a chapter at a time and a comparison of any two versions – highlighting the changes made – can be made at any time.
Control and compliance
Maintain a compliant audit trail for your business with approvals of individual chapters, and the overall financial and regulatory statements. Your approved financial statements can be published in a variety of publication-ready formats including Adobe PDF, Microsoft Word, Excel and PowerPoint, and HTML. The financial statement data can also be tagged and electronically filed in XBRL format.
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Find out more about SAP Disclosure Management and how Opal Wave can help you take control of your formal reporting.
