Our Financial Excellence User Group aims to provide an opportunity for SAP Financial and IT users who use and support Finance and BPC modules. This is an opportunity to get connected and share our experiences, best practices and knowledge gained. It provides an open, collaborative forum for the networking, learning and discussions /exchange of ideas around Finance and BPC modules.
We understand how important networking at our face to face events is to you and since we can't get together in person right now, the session will start 30 minutes before the SIG commences so you can grab a coffee and have a virtual catch up with the SIG chairs and other attendees.
Patchanok Kluabkaew, Graham Little and Steve Peirce from TJC Group will talk about Business 2 Government: How to Manage SAP Tax Compliance Efficiently?
As your organisation grows and expands into new markets, tax compliance becomes more complex. The digital landscape for tax compliance is fast-evolving and keeping up with both region-wide and country-specific legislation is an ever-increasing challenge for businesses worldwide. The sweeping fiscal reform of reporting standards (often referred to as SAF-T), the demands of real time reporting, and electronic invoicing are creating significant hurdles for Tax teams.
To be tax compliant, companies must submit the right information at the right time and in the correct format, facing sometimes extremely tight deadlines. But finding the right information in your SAP systems isn’t always easy. It requires the cooperation of several players, including SAP Consultants, IT and Tax managers, auditors and lawyers. These teams must not only be on top of their game but, most importantly, they need to communicate and understand each other.
Ultimately, the goal is to design and configure your SAP systems to respond to the tax digitalisation imperative and meet global and local tax requirements.
What you will learn from this session:
From a Tax perspective:
- How to make tax compliance within SAP simple, accurate and stress-free
- Reduce effort and time to prepare tax reporting on a regular basis within a short timeframe
- Monitor, analyse and interpret the changing tax legislation to ensure compliance with laws and regulations
- Identify and mitigate tax risks to avoid non-compliance and penalties
- How to manage an internal tax audit efficiently
From a SAP perspective:
- Design and configure SAP system to respond to the tax digitalisation imperative and meet global and local tax requirements
- Assist the tax teams with tax reporting challenges in SAP
- Reduce time and effort to manage global tax solutions and maintenance
James Willis from SAP will present SAP S/4HANA Cloud for advanced financial closing.
The month-end close is stressful for any company. Your finance management team needs the visibility to ensure everyone is on track to produce complete, accurate, and timely financials. SAP S/4HANA Cloud for advanced financial closing centralises standard operating procedures across systems (Cloud and On premise), of a full end to end period end process.
It orchestrates automated routines, and accelerates manual processes. Management teams gain insight into the progress of each close.
Sam Karbani from SAP will deliver an update on the changes to the VAT report and the introduction of Postponed Accounting following the UKs departure from the EU.
Your Financial Excellent SIG Chairs:
Caroline Shirley With over 15 years of SAP experience, underpinned by a postgraduate MSC from University of Westminster, Caroline is currently leading Financial SAP teams and HR SF teams at Plan International. Her role ensuring the smooth day to day operation of the SAP system, whilst planning and delivering SAP projects, this includes upgrades and introducing new areas of functionality.
Paul Huston worked in a number Finance roles over a period of 17 years before switching to a career in IT. Paul has spent 10 years working as an IT Business Analyst largely supporting Finance teams using SAP ECC, SAP BPC, and SAP BW at Princes. Paul currently works as an IT Delivery Manager responsible for the successful delivery of business change and system developments in the Finance, Commercial and HR functions. Paul has spent the past 15 years working for UK food manufacturing companies.
THIS EVENT WILL TAKE PLACE ON ZOOM