Digitise your controls and enhance your data
Advanced Digital Controls, powered by SAP
Year-on-year, regulators and tax authorities around the globe are announcing new requirements which focus on digitising processes for managing and monitoring risk, gathering and retaining audit documents, and for reporting tax.
At the same time, medium and large sized organisations are making significant investments in new technologies, seeking to realise the benefits and new tools that the latest cloud Enterprise Resource Planning (ERP) systems can bring to the tax, finance and internal functions.
Organisations need to be ready to meet the upcoming digital requirements whilst protecting the benefits of high value transformations. Advanced Digital Controls is a PwC service that enables businesses to monitor, investigate and adjust the data and controls, within their SAP system in real-time. Advanced Digital Controls is powered by SAP Risk and Assurance Management and SAP Analytics Cloud to run your digital tax control framework and to visualise the management of your risks and quality of your data. Advanced Digital Controls allows your organisation to operate and manage your risks and control in one single centralised tool with a full end to end documented audit trail.
The benefits of Advanced Digital Controls aren’t limited to the tax function; it can be used to manage risks and controls across your wider finance, supply chain and sustainability teams.
Advanced Digital Controls
Digital Tax Controls Framework
Advanced Digital Controls provides you with an online platform, accessible through the SAP Fiori interface, to manage your organisation’s risks, enhance data quality and optimise compliance. The platform allows you to build out both automated and manual procedures within your tax control framework, meaning that all of your controls are maintained and documented in one place. With Advanced Digital Controls, you can also assign regulatory requirements to your control framework, ensuring that you are complying with your global governance obligations. You can also document and visualise the performance of your tax controls framework to produce a clear, accurate and complete risk assessment that can be presented to stakeholders around your business as well as tax authorities
Advanced Digital Controls can also be integrated with other SAP applications such as Document Reporting and Compliance, Signavio and Sustainability Control towel.
Continuous monitoring
Advanced Digital Controls can be used to continuously monitor transactional data using targeted queries of the SAP database and rule-based checks. Users can be notified of issues with their data quality and supported by automated procedures to investigate the issues, can address the data issues within SAP S/4HANA. ADC can highlight common tax data quality issues including missing and incorrectly formatted data and can help you to find the source of data quality issues.
Process owners who are made aware of data quality issues early are more capable of triaging and addressing the quality issues at source, before costly or complicated problems arise when calculating or reporting for tax and finance.
Application Managed Service
We offer Advanced Digital Controls as a managed service to provide your organisation with the benefits of a modular digital tax controls framework, without needing to dedicate in-house resources to the operation and maintenance of the platform.
Our managed service provides you with the support of continuous user training for Advanced Digital Controls, and with ongoing improvements to the design and performance of the controls and remediation procedures that are tailored to your organisation.
Contact us
Partner, Tax ERP and Data Leader UK, PwC United Kingdom
Tel: +44 (0)7841 468690
