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SAF-T Compliance

Description

Meet your local SAF-T compliance accurately and confidently while keeping central administration control.

All companies who are VAT registered, achieve a minimum target revenue, and have operations listed in countries such as – Portugal, Poland, Spain, Luxembourg, Norway, or in countries that will be enforcing SAF-T mandatory requirements – will be required to submit local SAF-T reports at a strictly set timeline to the country’s tax administrators.

TJC SAF-T software enables enterprise customers to meet this mandatory reporting in many of the countries requiring the SAF-T submission. It gives full administrative control to the SAP Centre of Excellence (or SAP CC) while allowing local functional teams to manage the complete process and meet submission deadlines.

This SAP certified solution from TJC is a complete extraction solution with the right content for each SAF-T country reporting. It allows for faster response to meet the SAF-T demand with an audit-friendly user experience.

Features

Highlights of the functions of TJC SAF-T:

  • Extraction for SAP and non-SAP data sources.
  • Data extraction according to specific country reporting content (i.e. VAT, Invoice type, Accounting entries, etc.)
  • Output in XML file for easy submission to government SAF-T upload sites.
  • Security and authorizations assignment managed by SAP COE or SAP CC.
  • Flexibility to expand the Add-On to include new countries that will be enforcing SAF-T.
  • Audit friendly extractions to multiple formats (including .ais)
  • Data cleansing or enrichment possible with full audit trace and history.

Advantages

Using TJC SAF-T provides different advantages for technical administrator and business users:

For system administrators

  • Fully automated.
  • Optimized session time.
  • One-time installation for the base engine.
  • Flexibility to integrate modules for each SAF-T country into the base engine.
  • Central control by the SAP Centre of Excellence (COE) or SAP CC.
  • Reduces IT workload by enabling auditors to extract the data.
  • Low administrative and maintenance cost: one vendor, one contract.

For auditors

  • Extract data from both SAP and non- SAP data sources.
  • Saves time with audit-friendly user experience, i.e.: Correcting FX data.
  • Automatic validation and checks.

Benefits

  • Complete solution for many countries with SAF-T requirements.
  • Centralized control of a unified SAF-T process across all geographical locations.
  • Meet submission deadlines in time with audit-friendly user interface.
  • One standard base with flexibility to add future country modules as per local SAF-T requirement.
  • Simplicity and flexibility: one vendor, one contract.
  • Assured continuity with ongoing maintenance and ondemand support.

TJC SAF-T software for these countries:

Available now:
France (F.E.C.)
Portugal
Poland
Spain

In the pipeline:
Norway
Austria