CS Company has successfully completed the development of a specialized software product for generating SAF-T UA files, which can be flexibly adapted to the needs of banks and financial institutions. The solution is already being actively implemented in leading organizations in Ukraine, with successful cases of generating and submitting files to tax authorities.
About SAF-T UA and Legal Requirements
SAF-T (Standard Audit File – Tax) is an international standard for the electronic exchange of reliable accounting data from organizations to national tax authorities or external auditors.
SAF-T UA is the Ukrainian version of the standard audit file, representing an electronic file with a standardized structure. It contains exported data on the availability and status of assets, equity, liabilities, and information on changes in the financial and economic condition of an entity over a certain period.
Currently, the submission of SAF-T UA files is mandatory for all large taxpayers, including financial institutions, major manufacturing and trading enterprises. Some legislative projects also consider the gradual extension of this requirement to all VAT payers.
Challenges and Complexity of Implementation
The SAF-T UA file has significant volume and complexity — 23 sections and more than 600 tags, with file sizes reaching dozens of gigabytes. Legislation does not provide sufficient details on file generation specifics across different industries, creating additional challenges for both financial institutions and large non-financial companies during implementation.
CS Solution: Tailored Approach for Each Client
The SAF-T UA software product from CS stands out due to its personalized implementation approach. The company not only provides a ready-to-use tool but also works with each client individually, customizing the solution to the specifics of their organization and accounting systems.
Leveraging its experience with the banking sector and consultations with the NABU (National Association of Banks of Ukraine) working group, CS has developed deep expertise in handling the most complex SAF-T UA cases. This ensures successful adaptation of the solution for financial institutions of any size.
Key Advantages of the Solution:
- Tailored customization: we adapt the system to each client’s specifics, considering their accounting features and business processes.
- Ready-made algorithms and calculations: the system automatically performs the required groupings, determines parameters, and generates reports in compliance with requirements.
- Pre-configured templates: the product comes with basic templates that are further customized for each client.
- Versatility: works not only with CS-developed core banking systems but also integrates with any accounting systems and databases through specialized integration mechanisms.
- End-to-end support: CS provides a full implementation and support cycle, not just a software product.
Flexibility and Scalability
The solution is not limited to a specific accounting system — it can integrate with any accounting platforms. For example, some banks maintain part of their data in external systems (fixed assets, inventory), and the CS software product successfully supports such architectures through integration mechanisms.
Beyond banks, the solution can also be effectively used by other financial institutions, including those with complex accounting structures and large volumes of data to process.
Development Prospects
Considering potential legislative extensions in the future, such a specialized solution for SAF-T UA file generation will be essential for many companies. With its personalized implementation approach, the CS product ensures that financial institutions remain prepared for potential regulatory changes while minimizing adaptation costs.
For detailed information about the SAF-T UA solution and implementation terms, please contact the CS client service department: [email protected]
