Called the “last mile of Finance”, Disclosure Management tools from SAP allows organizations to take the work of implementing the Financial Close in SAP BPC and automate the push of those results to all required reporting agencies. Utilizing embedded XBRL taxonomies, you can map your Consolidations structures to SEC or regulatory reporting interfaces and dynamically submit your financial details.
Within the SAP Disclosure Management package is a second beneficial toolset; Note Management. The purpose of Notes Management is to allow you to link data values and associated commentary to regulatory reporting files for automated generation of those documents. This creates a repeatable, speedy, and auditable set of values for submission of standard reporting to external agencies, or even for internal reporting packages.
VantagePoint customers have found the Return on Investment for implementing Disclosure Management tools can be very quick. In many cases, these customers are able to stop out-sourcing the production of XBRL tagging with the headaches of artificial external deadlines to push out data to those third party providers. Bringing the process in-house via SAP Disclosure Management provides more control over the process, and eliminates that on-going third-party expense.