SAP S/4HANA Tax

More and more companies around the world are adopting the new SAP S/4HANA system. Since the current version R/3 will no longer be supported by the manufacturer in a few years, it is advisable to start planning the migration to S/4HANA early on. In addition to the new, device-independent user interface FIORI, the latest SAP version primarily offers a much more powerful technical basis, the so-called HANA (High Performance Analytic Application) database.

A New Era of Tax with SAP S/4HANA

Integration of the tax function is essential

Our long experience shows how important it is to involve the tax function as a relevant stakeholder in S/4HANA transformation projects at an early stage. A comprehensive requirements analysis is also the basis for the sustainable success of the entire project from a tax perspective. This applies to core and pre-tax processes, such as procurement (P2P), sales (O2C), or accounting (R2R). Within the core tax processes, there is a wide range of issues that the tax function should consider during the SAP S/4HANA implementation or conversion.

In addition to the necessary adjustments to transfer the current status quo ("lift and shift") under changing conditions (e.g., account logic/tax ledger, tax determination logic, master data management), S4 offers tax departments enormous potential for digitising and automating processes. This not only helps to reduce the workload of tax staff, but also saves costs throughout increased effieciency.

SAP Tax Ledger and other applications

SAP Tax Ledger

Using the tax ledger integrated with S/4 HANA SAP significantly optimises processes in the tax department. The central capture and management of all tax-relevant data in a single system improves data consistency and accuracy. Automated posting processes and standardised reporting reduce manual effort and help minimise sources of error. Properly implemented, SAP Tax Ledger can help you prepare tax returns and reports more quickly and accurately, facilitating compliance. By integrating with other SAP modules, you can analyse the tax implications of business transactions in real time and take appropriate action. The result is more efficient and transparent tax management.

Integration of SAP Analytics Cloud (SAC) as well as SAP Document and Reporting Compliance (DRC)

For example, the in-house SAP Analytics Cloud or SAP DRC can be seamlessly integrated into the new S/4HANA system. As an analytics and business intelligence solution, SAC intuitively mines your company's tax data to gain greater insight into your tax-related issues and make data-driven decisions. SAP DRC helps you transform your tax reporting by automating, standardising and timely generating relevant reports for different local requirements and, where necessary, submitting them directly from the system to the relevant authorities.

HANA Tax - Process of a transformation project for the tax function

Requirements identification and analysis

First, all affected tax-relevant processes and interfaces are identified and thoroughly analysed. The resulting model of the status quo is then evaluated against the changes and optimisation potential associated with the migration to S/4HANA. This enables the development of a detailed professional vision for your tax function, taking into account the new capabilities of SAP S/4HANA and avoiding risks in later project phases.

Technical solution finding and implementation

Based on the developed vision, the technical solution and implementation of the tax requirements will follow. As part of the HANA-Tax project, customised solutions are developed to meet both the current and future needs of your tax function.

Test management and quality assurance

The subsequent test management, which not only ensures the quality assurance and validation of the new system and the implemented functionalities, but also strengthens the trust and acceptance of the users through their first experiences with the new software. Through targeted test scenarios and the collection of user feedback, potential problems can be identified and resolved early on, leading to a smoother implementation.

Change-Management

Good change management is key to success. It helps employees to understand, accept and actively participate in the innovations that come with the transition to SAP S/4HANA. For example, targeted training and regular communication keep employees informed and actively involved in the change process. This leads to a smoother implementation as employees support the changes and actively contribute to their realisation.

Your Partner for a successful migration

With our support and expertise, we ensure that your migration to S/4HANA is a success. Trust our experience and let us optimise your tax processes and future-proof your SAP tax strategy.

We will guide you through every step of the migration process, from initial planning and requirements analysis to technical implementation and final deployment, including training of your staff.

Our goal is to work with you to develop a tailored solution that not only meets your current needs, but also successfully addresses future challenges. Together, we lay the foundation for an efficient and sustainable tax function in your organisation.

Contact

Sascha Schöben is a partner and supports his clients with the migration to S/4HANA, among other things.

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