SAP BusinessObjects Disclosure Management

SAP BusinessObjects Disclosure Management provides providing information to regulatory authorities by the dispersed divisions using different data sources.

The solution facilitates audit of information flows and reduces time, risks and costs connected with preparation and the approval of financial and non-financial statements in any formats and even in the Extensible Business Reporting Language (XBRL) language for regulatory authorities and also submission of these reports.^[1]

Basic functions and opportunities

• Accelerates closing of a financial period and reduces costs for observance of regulatory requirements.
• Creates a unified environment for difficult financial processes.
• Provides the simple visual management tool financial statements.
• Ensures joint work of individual employees and their groups.
• Meets the requirements of the publication XBRL and the International Financial Reporting Standards (IFRS).
• Has different options of an output and providing financial and normative statements.

The solution allows:

• Accelerate preparation of information provided to regulatory authorities.
• Integrate data on the scale of the organization into uniform representation.
• Optimize process of closing of the period from search of data source before providing information to regulatory authorities.
• Delegate responsibility on providing information to regulatory authorities to the distributed employee groups.
• Automate integration and data streams.
• Transfer solution management to financial specialists.
• Create exact financial statements independently.
• Provide support of financial and normative statements.
• Create reports in the XBRL language.

Previously configured initial packets of best practices of creation of XBRL reports according to IFRS, the CAS, OPBU of India provide observance of regulatory requirements.

Scopes

• Any organizations performing consolidation given and preparation of financial statements and the management reporting.
• The organizations providing information to regulatory authorities.
• All industries.

Target audience

• Chief financial officer.
• Vice president for finance.
• Chief accountant-analyst.
• Chief accountant.
• The head on financial systems.

Notes