Implications of Integrating SAF-T into an ERP System
The integration of SAF-T (Standard Audit File for Tax) into an ERP system helps companies improve their tax operations by simplifying tax reporting, increasing operational efficiency, legal compliance and data quality. In addition, SAF-T integration can help companies optimize their processes and co...
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| Format: | Article |
| Language: | English |
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Chamber of Financial Auditors of Romania
2023-07-01
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| Series: | Audit Financiar |
| Subjects: | |
| Online Access: | http://revista.cafr.ro/temp/Article_9730.pdf |
| _version_ | 1797782366083612672 |
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| author | Casiana Maria DARIE Bogdan-Stefan IONESCU Viorica BRAGA |
| author_facet | Casiana Maria DARIE Bogdan-Stefan IONESCU Viorica BRAGA |
| author_sort | Casiana Maria DARIE |
| collection | DOAJ |
| description | The integration of SAF-T (Standard Audit File for Tax) into an ERP system helps companies improve their tax operations by simplifying tax reporting, increasing operational efficiency, legal compliance and data quality. In addition, SAF-T integration can help companies optimize their processes and correct their workflow, leading to greater efficiency and better data visibility. It is important for all companies to ensure that the accounting system they use is compatible with the SAF-T format and that the implementation is done correctly. Therefore, the long-term benefits may outweigh the costs and risks involved, as evidenced by the data collected using the questionnaire.
The purpose of this research is to provide a good understanding of the implications associated with the integration of SAF-T into an ERP system, so that companies can make informed decisions about the implementation of this solution. The questionnaire conducted on a number of significant respondents led to the achievement of the set objective. Concurrently, the advantages and disadvantages observed for all involved parties were pursued: companies, suppliers, and tax administrations, thus outlining a clear picture of the requirements to which taxpayers must respond from the beginning of year 2022.
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| first_indexed | 2024-03-13T00:09:57Z |
| format | Article |
| id | doaj.art-b85d6865f662497cbb1c19797be01b9e |
| institution | Directory Open Access Journal |
| issn | 1583-5812 1844-8801 |
| language | English |
| last_indexed | 2024-03-13T00:09:57Z |
| publishDate | 2023-07-01 |
| publisher | Chamber of Financial Auditors of Romania |
| record_format | Article |
| series | Audit Financiar |
| spelling | doaj.art-b85d6865f662497cbb1c19797be01b9e2023-07-12T16:54:31ZengChamber of Financial Auditors of RomaniaAudit Financiar1583-58121844-88012023-07-01213(171)49951010.20869/AUDITF/2023/171/017Implications of Integrating SAF-T into an ERP SystemCasiana Maria DARIE0Bogdan-Stefan IONESCU1Viorica BRAGA2Bucharest University of Economic Studies, RomaniaManagement Informatics Systems Department, Bucharest University of Economic Studies, RomaniaSpiru Haret University, Campulung, RomaniaThe integration of SAF-T (Standard Audit File for Tax) into an ERP system helps companies improve their tax operations by simplifying tax reporting, increasing operational efficiency, legal compliance and data quality. In addition, SAF-T integration can help companies optimize their processes and correct their workflow, leading to greater efficiency and better data visibility. It is important for all companies to ensure that the accounting system they use is compatible with the SAF-T format and that the implementation is done correctly. Therefore, the long-term benefits may outweigh the costs and risks involved, as evidenced by the data collected using the questionnaire. The purpose of this research is to provide a good understanding of the implications associated with the integration of SAF-T into an ERP system, so that companies can make informed decisions about the implementation of this solution. The questionnaire conducted on a number of significant respondents led to the achievement of the set objective. Concurrently, the advantages and disadvantages observed for all involved parties were pursued: companies, suppliers, and tax administrations, thus outlining a clear picture of the requirements to which taxpayers must respond from the beginning of year 2022. http://revista.cafr.ro/temp/Article_9730.pdfsaf-timplementationerpadvantagesdisadvantagesstatement |
| spellingShingle | Casiana Maria DARIE Bogdan-Stefan IONESCU Viorica BRAGA Implications of Integrating SAF-T into an ERP System Audit Financiar saf-t implementation erp advantages disadvantages statement |
| title | Implications of Integrating SAF-T into an ERP System |
| title_full | Implications of Integrating SAF-T into an ERP System |
| title_fullStr | Implications of Integrating SAF-T into an ERP System |
| title_full_unstemmed | Implications of Integrating SAF-T into an ERP System |
| title_short | Implications of Integrating SAF-T into an ERP System |
| title_sort | implications of integrating saf t into an erp system |
| topic | saf-t implementation erp advantages disadvantages statement |
| url | http://revista.cafr.ro/temp/Article_9730.pdf |
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