Advice on ERP system localisation

The close cooperation between our team providing the ERP implementation services with the tax consultants and audit teams of AFA gives us a huge advantage in keeping up-to-date with changes in local tax and accounting legislation.

Therefore, we are in a position of providing services of specifying the requirements to ERP systems and support in testing compliance of the accounts in the system with the applicable legislation and accounting standards.

This service is especially effective in case of companies that are part of an international group that has implemented an ERP system and the model selected for the group rolls out to the Bulgarian company.

Our ERP system localisation services include:

• Defining the requirements to settings and localisation so as to provide for detailed input data for all reports needed for tax purposes
• Specifying in detail the ERP system settings to provide for VAT reporting
• Preparing test scenarios for checking localisation compliance with the requirements of local tax and accounting legislation
• Specifying and testing analytical reports needed for control over the integration of data in the localised financial statements output automatically by the ERP system

Our team has carried out joint ERP system group model roll-out projects at Bulgarian subsidiaries and implementation of localisation at companies operating in the pharmaceutical industry, food & beverages industry, importers and distributors of group products, with various ERP systems: SAP, Scala, Microsoft Dynamics NAV and JD Eduards.