Case Study: Siemens AG achieves reduced compliance costs and stronger global reporting with SAP Document and Reporting Compliance

How Can Automated Document Processing Reduce Compliance Costs Across the Globe

Siemens AG, the global technology company, needed a way to manage ever-changing statutory reporting and tax compliance requirements across nearly every region where it operates. To simplify electronic document processing, standardize reporting worldwide, and react faster to legal changes, Siemens turned to SAP, using SAP Document and Reporting Compliance along with SAP Integration Suite.

SAP implemented a centralized, automated compliance approach for Siemens AG that harmonized processes across entities and integrated on-premise and cloud applications. The result was significantly lower total cost of ownership, reduced manual effort and reconciliation work, lower maintenance costs, faster responses to new legal requirements, improved visibility into compliance status, and a shorter time to close.

Siemens AG

Andrea Spandau

Head of Digital Tax Ecosystem