SAP Corporate Governance

Ensure adherence to standards and corporate governance laws

One of the challenges facing organizations today is complying with an increasing number of national and international legal requirements for financial reporting and corporate governance. Statutes like the Basel II and the Sarbanes-Oxley Act increase workloads and operational costs in finance organizations. SAP ERP provides comprehensive function that reduce the overall cost of managing internal controls and ensure adherence to standards and corporate governance laws. New capabilities that support corporate governance include the following:

Tier I capabilities:

• Master Data Governance for Financials (MDGF)
• Management of Internal Controls (MIC)
• Audit information system (AIS)
• Tax Audit (DART)
• Whistleblower Complaints
• Basel II

Tier II (supporting) capabilities:

• International accounting standards (IAS)
• New General Ledger
• Transfer Pricing
• Fast Close
• Basel II
• eXtensible Business Reporting Language (XBRL)
• the SEM capabilities of Analytics in SAP ERP (SEM Business Consolidation, SEM Business Planning and Simulation, SEM Risk Management, SEM Strategy Management and Performance Management)