SAP Disclosure Management Created By: - Ajay Tiwari Certified SAP S/4HANA FICO-CFIN Consultant. Certified ACCA IFRS Associate From UK. Candidate: - CFA Level -1, FRM Level-1. The last mile in the financial reporting process can be major hurdle for companies wishing to ensure compliance while managing tight deadlines. for SAP S/4HANA for group reporting, SAP Disclosure Management has been chosen to be our software to help you produce the last mile of reporting. Consequently, the maintenance period of SAP Disclosure Management is extended to December 31, 2027. Financial Close: - You use SAP DM in the last step of the financial close that is to publish your financial statement. For The Example: - PDF, EXCEL, WORD an XBRL instance. Note: - XBRL stand for --→ XBRL or extensible Business Reporting Language is a software standard that was developed to improve the way in which financial data is communicated, making it easier to compile and share this data. ... XBRL allows for easy transmission of data between businesses. If you want to read more about XBRAL & i-XBRAL kindly, please refer SAP Note – 2138659. SAP Disclosure Management can provide your organisation with collaborative tool to combine quantitative and qualitative data across distributed organisational hierarchies and geographies from an array of data sources. Disclosure Management facilitates an auditable, compliant workflow that reduces the time, risk and cost associated with the production and approval of financial and non-financial regulatory statements, disclosures, XBRL submissions, and other compliance formats. SAP DM Functional Architecture -→ The functional Architecture of Disclosure Management is as follow: SAP DM can connect to different type of source system and files. ( Like – SAP S/4HANA DEV, SAP S/4HANAQAS, SAP SANBOX, SAP S/4HANA PRD, SAP BI, SAPB/WHANA etc.) The Three Data Levels in Disclosure Management---- 1. The data cache contains data and master data, that is, Amounts and their descriptive information. 2. The documents contain some of data cache and your comments that is, the text that explains the data. 3. The output reports are generated from document in one or serval formats. we collect and organize data in the data cache, we can edit chapters collaboratively. You publish the reports in different format. SAP Disclosure Management includes the following capabilities: • • • • Automation of the Annual Report and Integrated Report production Support of e-Extensible Business Reporting Language (XBRL) and in-line XBRL (i-XBRL) tagging including for complex regulatory requirements such as European Single Electronic Format Regulatory Technical Standard (ESEF), Solvency II, Common Solvency Ratio Reporting (COREP) or Financial Reporting (FINREP) or Company Tax Return to HMRC Embedded workflow, collaborative, and audit features Usage with SAP Fiori apps and Microsoft Office. How to login & configure a URL link from SAP Financial Consolidation to SAP Disclosure Management.-→ Activating access to SAP Disclosure Management: --Before you can activate access to SAP Disclosure Management, the corresponding functional profile right must be enabled in the Security module. You can send Financial Consolidation data, formatted into report bundles, to SAP Disclosure Management via a report bundles task in the Task List module. To do so, you must perform the following steps in Financial Consolidation: In BOFC, 1. create a user with access to rights "Manage Disclosure Management options and mappings" 3.In the Desktop, select Tools > General Options. The "General Options" dialog box appears. Select the External Links tab. 4.Select the checkbox Enable Disclosure Management. 5.In the Server URL field, enter the SAP Disclosure Management server URL Use the root part of the URL, for example, http://DMSERVER:PORT/DM_path_for_public_API. . Enter a valid Disclosure Management username and password. 7. Click Check URL to validate the URL. 8.To send the data in compressed form, select the checkbox Enable HTTP request compression. insert BOFC image 9.Click OK to save the configuration and exit the "General options" dialog box. Define a Report Bundle and Run Report bundle Task: 1.Navigate to Report Navigator 2.Create a new Report Bundle - add the reports you want to push to Disclosure Management to the bundle 3.In the General variables tab of a report select set variables Some key benefits of the Disclosure Management application are:• • • • • • Direct connections with other SAP EPM(Enterprise performance management) and ERP sources Ability to audit and track adjustments to figures for a comprehensive and trusted view of the business Combining quantitative and qualitative data (including text and graphics) to produce publishable reports in one environment Manage XBRL taxonomies and submissions Multi-user document management functionality for collaboration Track report changes and roll-back to previous versions SAP Disclosure Management can be implemented as part of an existing SAP landscape or as a stand-alone solution.