Will the retention period in Germany be extended?
By Emanuel Böminghaus
Managing Director, AvenDATA
What does this mean for companies?
- Tax relevant data must be retained significantly longer than previously assumed.
- Legacy systems that have already been decommissioned or are scheduled for shutdown may need to be reactivated or archived in full legal compliance.
- For IT and compliance departments, this means increased pressure and a greater need for action and especially in complex system environments such as SAP, Navision oracle or other ERP platforms.
Are you planning to archive a legacy system?
Recent Blogs
-
The Backup Trap: Why Companies Waste Millions on IT Systems They Should Have Retired Long Ago
-
63 Companies. 63 Success Stories. When It’s Time to Retire Legacy Systems, Choose AvenDATA!
-
SAP ILM (Information Lifecycle Management): ViewBox as an Alternative for System Decommissioning
-
Legacy Systems Are Becoming a Security Risk: Why AI Is Dramatically Increasing the Pressure to Act
-
German Finance Minister Plans 15 Year Data Retention Requirement
-
Application Retirement: Why Clinging to Legacy Systems Is Now Getting Expensive
-
Application Retirement Is Now Mandatory
-
SAP Carve-Outs: Why Strategic Archiving Outperforms Full Data Migration
-
Legacy System Retirement: Why Dead Tech is a Ticking Financial Time Bomb
-
SAP Archiving: Why the Long-Term Protection of SAP Data Dictates Enterprise Survival?