Governance, Risk, and Compliance in SAP S/4HANA Cloud Public Edition 2608 | Release Highlights

SAP S/4HANA Cloud Public Edition 2608 brings new Governance, Risk, and Compliance innovations to help organizations streamline VAT reporting, simplify e-invoicing error resolution, and improve international trade classification with AI-powered support. In this release highlights video, an AI avatar representing Hiruni Badulle walks through the latest Governance, Risk, and Compliance updates delivered with SAP S/4HANA Cloud Public Edition 2608. See how new capabilities in SAP Document and Reporting Compliance and AI-powered trade classification can help organizations improve efficiency, accuracy, transparency, and regulatory compliance. You’ll see how the new Manage External Tax Items capability supports consolidated VAT returns by incorporating tax items from external systems. This helps organizations bring SAP and non-SAP tax data together in a single VAT return, supporting a more complete and accurate reporting process. The capability is currently available for the UK VAT return, with support for additional countries planned in future releases. The video also introduces the E-Invoicing Submission Error Resolution Agent in SAP Document and Reporting Compliance. This AI-powered feature turns technical invoice submission messages into clear guidance, explains why a rejection occurred, and recommends next steps to resolve it. For integration and connectivity errors, the agent can resolve issues autonomously. For business-impacting errors that require document or master data corrections, it guides users through the resolution process. Finally, Hiruni highlights the International Trade Classification Agent, which helps organizations assign customs tariff numbers and commodity codes to products. The agent provides clear explanations for its recommendations, helping users understand and validate classifications while improving consistency, supporting compliance, and reducing manual effort across trade operations. Highlights include: 📊 Consolidated VAT returns with external tax items — Include tax-relevant transactions from external applications in a single VAT return. 🧾 Manage External Tax Items — Extend VAT reporting beyond SAP systems and support standardized tax reporting across distributed landscapes. 🤖 E-Invoicing Submission Error Resolution Agent — Turn technical submission errors into clear guidance and recommended resolution steps. ⚡ Autonomous error handling — Resolve integration and connectivity errors automatically where possible. 🌐 International Trade Classification Agent — Recommend customs tariff numbers and commodity codes for product classification. ✅ Transparent compliance support — Provide clear explanations, improve audit readiness, and help reduce manual effort across tax and trade processes. Chapters: 00:00 - Introduction to Governance, Risk, and Compliance highlights for release 2608 00:21 - Consolidated VAT returns with external tax items 00:36 - Manage External Tax Items capability overview 01:30 - E-Invoicing Submission Error Resolution Agent 01:51 - AI-guided error analysis and resolution recommendations 02:27 - International Trade Classification Agent 02:37 - AI-powered product classification for trade compliance 03:18 - Release 2608 summary and additional resources • Read Hiruni’s blog on Governance, Risk, and Compliance release highlights in SAP S/4HANA Cloud Public Edition 2608: https://sap.to/6059BG6tBx • Explore SAP Community: https://sap.to/6055CIrvT • Learn more about SAP Cloud ERP: https://sap.to/6056CIrvp Follow us on social: LinkedIn: https://sap.to/6054BG6tB2 Instagram: https://sap.to/6055BG6tBN Facebook: https://sap.to/6056BG6tB4 Threads: https://sap.to/6057BG6tBf About SAP: As a global leader in enterprise applications and business AI, SAP stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit: https://sap.to/6058BG6tBA ##SAP #SAPCloudERP #GRC