SAP Disclosure Management by Tony Wright

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  • 1. Introduction to SAP BusinessObjectsDisclosure ManagementReduce the time, risk and cost of regulatory disclosuresSAP CanadaMay 19, 2011
  • 2. AgendaSAP BusinessObjects Disclosure Management and the problem it solvesCustomers benefit from SAP BusinessObjects Disclosure ManagementSAP BusinessObjects Disclosure Management overview Speed and flexibility Collaboration Compliance and controlDemonstrationSummary© 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 ControlCollecting disparate data is time-consuming Disparate data sources across system landscapes Regulatory information contained in spreadsheets Manual cut-and-paste for narrative contentManipulating data manually increases cost E-mail workflow reduces visibility into status Multiple document instances and versions Approvals are cumbersome to manage and auditDecentralized 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. Todays 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 SAPAchieve 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 TransactionCost Management Consolidation Services Monitoring Disclosure Management Enterprise Information Business Intelligence Management Reporting and Dashboards and Data Master Data Analysis Visualization Services Management Event ContentData 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 ManagementReduce the time, risk and cost of regulatory disclosuresSpeed and flexibility Accelerate the generation of disclosure statements Integrate data for a single view across the organization Optimize the close from source to digital disclosureCollaboration Assign disclosure responsibility to distributed teams Automate integration and data flow Designed for ownership by finance professionalsCompliance 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 FlexibilityAccelerate the generation of disclosure statementsRe-usable report and disclosure statementstructures 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 statementsStatement 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. CollaborationAssign disclosure responsibility to distributed teamsDistributed workflow Between teams and individuals Across hierarchical levels and organizations Role-driven tasks Business-driven configuration of workflow tasks, status indicators, and next stepsChange 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. CollaborationDesigned for ownership by finance professionalsEase 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 interventionFamiliar 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 ControlIn-house production of trusted financial statementsSupport for multiple roles Administrator role for set-up Functional roles for Editor and ApproverManages the authorization and access tosensitive data Leverages source system authorizations for data loads and refreshes Authorization to statements and components managed in disclosure management solutionVersioning 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 ControlEnable creation of XBRL-based statementsXBRL engine Integrated into the disclosure management process to leverage the same source data Allows financial professionals to manage mapping and tagging using drag-and-dropXBRL 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 investorsXBRL instance documents Creation of instance documents by the application Validation and preview prior to filing© 2011 SAP AG. All rights reserved. Confidential 15
  • 16. AgendaSAP BusinessObjects Disclosure Management and the problem it solvesCustomers benefit from SAP BusinessObjects Disclosure ManagementSAP BusinessObjects Disclosure Management overview Speed and flexibility Collaboration Compliance and controlDemonstrationSummary© 2011 SAP AG. All rights reserved. Confidential 16
  • 17. AgendaSAP BusinessObjects Disclosure Management and the problem it solvesCustomers benefit from SAP BusinessObjects Disclosure ManagementSAP BusinessObjects Disclosure Management overview Speed and flexibility Collaboration Compliance and controlDemonstrationSummary© 2011 SAP AG. All rights reserved. Confidential 17
  • 18. SAP BusinessObjects Disclosure ManagementReduce the time, risk and cost of regulatory disclosuresKey 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 interfaceCompliance 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 Informationwww.sap.com/disclosure-managementSee SAP.com for:Solution briefs Disclosure management Financial consolidation and reportingDemos Disclosure management The Financial Close - Optimizing Performance and Driving Financial ExcellenceSolution in detail Enterprise-wide financial control Financial consolidation and reporting Starter kits for disclosure management and IFRSWhite paper The Financial Close - Optimizing Performance and Driving Financial Excellence© 2011 SAP AG. All rights reserved. Confidential 20
  • 21. For More Information about Achieving FinancialExcellence with SAP …Visit the Financial Excellence ExecutiveOverview pages on the SAP website forthought leadership papers, solutionbriefs, demos and customer stories:www.sap.com/financialexcellenceYou 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 – tony.wright@sap.com
  • 23. © 2011 SAP AG. All rights reservedNo part of this publication may be reproduced or transmitted in any form or for any purpose Business Objects and the Business Objects logo, BusinessObjects, Crystal Reports, Crystalwithout the express permission of SAP AG. The information contained herein may be Decisions, Web Intelligence, Xcelsius, and other Business Objects products and serviceschanged without prior notice. mentioned herein as well as their respective logos are trademarks or registered trademarks of Business Objects Software Ltd. Business Objects is an SAP company.Some software products marketed by SAP AG and its distributors contain proprietarysoftware components of other software vendors. Sybase and Adaptive Server, iAnywhere, Sybase 365, SQL Anywhere, and other Sybase products and services mentioned herein as well as their respective logos are trademarks orMicrosoft, Windows, Excel, Outlook, and PowerPoint are registered trademarks of Microsoft registered trademarks of Sybase, Inc. Sybase is an SAP company.Corporation.IBM, DB2, DB2 Universal Database, System i, System i5, System p, System p5, System x, All other product and service names mentioned are the trademarks of their respectiveSystem z, System z10, System z9, z10, z9, iSeries, pSeries, xSeries, zSeries, eServer, companies. Data contained in this document serves informational purposes only. Nationalz/VM, z/OS, i5/OS, S/390, OS/390, OS/400, AS/400, S/390 Parallel Enterprise Server, product specifications may vary.PowerVM, Power Architecture, POWER6+, POWER6, POWER5+, POWER5, POWER, The information in this document is proprietary to SAP. No part of this document may beOpenPower, PowerPC, BatchPipes, BladeCenter, System Storage, GPFS, HACMP, reproduced, copied, or transmitted in any form or for any purpose without the express priorRETAIN, DB2 Connect, RACF, Redbooks, OS/2, Parallel Sysplex, MVS/ESA, AIX, written permission of SAP AG.Intelligent Miner, WebSphere, Netfinity, Tivoli and Informix are trademarks or registered This document is a preliminary version and not subject to your license agreement or anytrademarks of IBM Corporation. other agreement with SAP. This document contains only intended strategies, developments,Linux is the registered trademark of Linus Torvalds in the U.S. and other countries. and functionalities of the SAP® product and is not intended to be binding upon SAP to any particular course of business, product strategy, and/or development. Please note that thisAdobe, the Adobe logo, Acrobat, PostScript, and Reader are either trademarks or document is subject to change and may be changed by SAP at any time without notice.registered trademarks of Adobe Systems Incorporated in the United States and/or othercountries. SAP assumes no responsibility for errors or omissions in this document. SAP does notOracle is a registered trademark of Oracle Corporation. warrant the accuracy or completeness of the information, text, graphics, links, or other items contained within this material. This document is provided without a warranty of any kind,UNIX, X/Open, OSF/1, and Motif are registered trademarks of the Open Group. either express or implied, including but not limited to the implied warranties ofCitrix, ICA, Program Neighborhood, MetaFrame, WinFrame, VideoFrame, and MultiWin are merchantability, fitness for a particular purpose, or non-infringement.trademarks or registered trademarks of Citrix Systems, Inc. SAP shall have no liability for damages of any kind including without limitation direct,HTML, XML, XHTML and W3C are trademarks or registered trademarks of W3C®, World special, indirect, or consequential damages that may result from the use of these materials.Wide Web Consortium, Massachusetts Institute of Technology. This limitation shall not apply in cases of intent or gross negligence.Java is a registered trademark of Sun Microsystems, Inc. The statutory liability for personal injury and defective products is not affected. SAP has no control over the information that you may access through the use of hot links contained inJavaScript is a registered trademark of Sun Microsystems, Inc., used under license for these materials and does not endorse your use of third-party Web pages nor provide anytechnology invented and implemented by Netscape. warranty whatsoever relating to third-party Web pages.SAP, R/3, SAP NetWeaver, Duet, PartnerEdge, ByDesign, SAP BusinessObjects Explorer,StreamWork, and other SAP products and services mentioned herein as well as theirrespective logos are trademarks or registered trademarks of SAP AG in Germany and othercountries. © 2011 SAP AG. All rights reserved. Confidential 23