Respond Quickly to Fiscal, Regulatory and Compliance Audits Responding to audit requests from tax authorities and regulatory organizations can be challenging, especially when archived data is involved. Finance and IT Departments must work together to respond quickly to audit requests, yet the process of extracting specific data sets and supporting documents from SAP applications can be lengthy and cumbersome. As organizations grapple with the issues of increased oversight, pressure from governments to increase tax revenue, and rapidly changing regulations, they need flexible solutions that will allow them to respond to auditors quickly and accurately. Dolphin helps organizations meet audit-related challenges by leveraging native SAP capabilities and implementing industry-leading SAP add-on software solutions to optimize and automate complex audit processes. For many companies, the latest version of DART extracts all of the tax data needed by auditors. However, for companies dealing with high data volumes and complex tax environments, Dolphin can implement new technologies and best practices that deliver a higher level of flexibility and speed. Key capabilities of our solution include:
- Faster DART Extraction: Traditional SAP DART implementations extract data fields most commonly needed for IRS tax audits. Over the years, DART has become a far more global tool that delivers a standardized process for saving, retrieving and reporting tax-related data. Large volumes of data contained in SAP systems can make it difficult, however, to complete a DART extract in a timely manner.Dolphin enables faster DART extraction by archiving static financial data to reduce the volume of data. The PBS CDART archive add on is then used to extract the archived data quickly for audit purposes. This approach significantly improves the ease and efficiency of completing DART extracts.
- On-Demand Data and Document Extraction: Beyond DART, TCJ Audit Extraction Cockpit (AEC) facilitates on-demand information retrieval from SAP systems. It enables extraction of both pre-defined fields and on-demand selection of master, transaction, customizing data and change documents across SAP modules. It provides high performance data extraction, flexibility, and rapid results.
- Secure, Compliant Retention of Data and Documents: With a content management system, users can centralize administration and access of data extracts for tax and audit purposes. Dolphin uses PBS Enterprise Content Store (ECS), a powerful content management system for SAP, which allows users to evaluate and manage SAP data from a variety of sources including DART Extracts, DART View files, print- lists, archived data and original documents.
- Output Multiple Data Formats: For data presentation, newer applications offer customers the ability to perform flexible SAP audit data extraction into multiple output data formats for use with ACL, IDEA, Microsoft Access and Excel, and other audit software and database systems.