Best Practice: How to Implement Financial Reporting in Mexico
SAP OSS Notes Insufficient in the Wake of Electronic Audits
If you are implementing a compliance solution in Mexico, any errors and discrepancies in e-invoicing and financial reporting can trigger auduts and will result in significant fines and penalties (up to $4,000 for each invalid transaction or report entry). The pressure is on for IT teams to reduce error risk, protect against audits and validate reporting.
While managing compliance within your ERP is the best way to ensure accuracy, SAP and corresponding OSS notes alone don’t protest against real-time audits – failing to provide the necessary functionality.
Download this tip sheet to learn the top five challenges IT leaders face when relying on OSS notes as well as best practices for implementing financial reporting in Mexico.