Siemens: How can automated document processing reduce compliance costs across the globe?

Explore how Siemens uses SAP Document and Reporting Compliance to help it manage ever-evolving statutory reporting requirements in its diverse markets. increasing efficiency and allowing the company to react more quickly to legal changes. Download the Document

INTERNAL – SAP Only (delete if public)How can automated documentprocessing reduce compliance costsacross the globe?Global company Siemens AG helps transform industry, infrastructure, transport, andhealthcare with technology that aids resource-efficient factories, resilient supply chains,smarter buildings and grids, cleaner and more comfortable transportation, and advancedhealthcare. Because even the smallest improvements make a difference as they scaleacross such a large enterprise, Siemens strives to constantly perfect its processes. Withthat in mind, it needed a solution to help it manage ever-evolving statutory reportingrequirements in its diverse markets. The right offering would not only increase efficiencybut also allow the company to react more quickly to legal changes.Standardizing reporting in a company present in almost everycountry and region worldwide
INTERNAL – SAP Only (delete if public)SAP Document and Reporting Compliance makesmanaging international tax requirements much easier andwill be implemented around the globe to meet growingcompliance requirements.”Andrea Spandau, Head of Digital Tax Ecosystem, Siemens AGSiemens AGMunich, Germanywww.siemens.comIndustryHigh techEmployees312,000Revenue€75.9 billionProducts and servicesTechnology for industry,infrastructure, healthcare,and transportationFeatured solutionsSAP Document and ReportingCompliance; SAP Document andReporting Compliance, cloudedition; and SAP Integration SuiteFasterResponse to newor changed legalrequirements1Team of three rollingout country-specificlegal scenarios acrossthe companyBefore: Challenges and opportunities Simplify legal and tax compliance processes using electronic document processing Scale the solution to help standardize statutory reporting worldwideWhy SAP SAP Document and Reporting Compliance solution, helping transform, standardize, and harmonizeglobal processes for smoother compliance, greater agility, and reduced costs Automated updates of legal changes and lower maintenance costs with localization as a self-serviceextensibility using the cloud edition of SAP Document and Reporting Compliance Smooth integration of on-premises and cloud-based applications and processes using intuitive toolsand prebuilt content offered by SAP Integration SuiteAfter: Value-driven results Significantly reduced total cost of ownership thanks to centralized maintenance of report categoriesacross diverse entities as well as time and resource savings Enabled various country and regional compliance requirements without external dependency Reduced manual intervention and eliminated time-consuming reconciliation outside the ERP system Minimized noncompliance risk thanks to increased global visibility of the latest compliance status,including failed documents and due dates of statutory reportsImproving operational efficiency and minimizing risk withSAP Document and Reporting Compliance97158enUS (25/07) © 2025 SAP SE or an SAP affiliate company. sap.com/terms-of-use