SAP Disclosure Management is an application within the Enterprise Performance Management suite. It is used to improve organisations’ reporting where multiple users need to contribute to reports, and accuracy and consistency is critical. Key examples are the Annual Report and Accounts, returns to financial markets and regulators, and internal reports such as board report “books”.
The business case for Disclosure Management is that it manages and streamlines the process of bringing together multiple data sources and text required in reporting all of which are owned and authored by multiple teams and which require approval by multiple approvers. This article provides an overview of the business case for and operational structure of SAP Disclosure Management.
The below diagram created by SAP demonstrates the issues faced in reporting that Disclosure Management is designed to streamline.
A typical process leading to a major reporting output such as an annual report or regulatory filing will often have a wide range of data sources For example, General Ledger systems - Enterprise Performance Management applications such as SAP BPC and BFC and manually created inputs such as written text. These data sources often feed into numerous Excel and Word documents that form part of the reporting output. The report sections require approvals and collaboration within the organisation that can be difficult to monitor and coordinate. The sections of the report that have been created separately need to be put together into the final output. In the past, the output may have only been a printable format such as a Word document or PDF file, but a number of legal and regulatory filings require electronic submission, notably via XBRL.