Solution Brief: Arco Tax Determination for SAP BTP Helps Streamline VAT Compliance
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Key Takeaways
⇨ Tax teams need automated reconciliation of various indirect tax reports to strengthen their global tax management strategy.
⇨ Meridian Global VAT Services offers an SAP Industry Cloud solution enabling automated tax determination on SAP S/4HANA.
⇨ Integration allows finance and tax executives to optimize their existing SAP infrastructure, granting real-time access to VAT tax calculation and determination functionality from within the familiar SAP interface.
According to SAPinsider’s 2023 Global Tax Management benchmark report, 80% of these teams recognize the critical need for automated reconciliation of various indirect tax reports to strengthen their global tax management strategy. Additionally, 75% of organizations say they must enhance the accuracy of their real-time indirect tax determinations.
For businesses operating in Europe, automating these processes and ensuring accurate VAT determinations is the foundation of a robust global tax management strategy.
In this solution brief, SAPinsider analyst Ogo Nwanyanwu will highlight Arco Tax Determination for SAP BTP by Meridian Global VAT Services, an SAP Industry Cloud solution enabling automated tax determination on SAP S/4HANA.
When integrated with SAP systems, the Arco Tax Determination for SAP BTP is designed to provide an efficient, automated, and compliant solution for tax determination on complex VAT flows, addressing a critical pain point for SAPinsiders.
We will also discuss how integration into the SAP ecosystem is made easier, how the solution provides standardization through centralized control, and boosts functionality of standard SAP systems.
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