Vertex CFO on Strong Earnings: Indirect Tax Automation is a Must-Have

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  1. Integrate Indirect Tax Calculation into Your SAP Global Finance Operations: Q&A with Stefan Blumer

    Reading time: 13 mins

    Thank you to all who joined our Q&A on integrating indirect tax determination with your SAP solutions with Stefan Blumer of Thomson Reuters. Stefan took questions on topics including meeting the challenges of indirect tax and automating indirect tax determination, as well as the new indirect tax integration for SAP from Thomson Reuters, the Global Next release. Review the…...…
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    Cloud-based Indirect Tax Saves Ingram Micro Time and Money

    Reading time: 8 mins

    As international trade grows, so too does the weight of indirect taxation on the business landscape. There is also a growing urgency for tax departments to enhance business value through digital transformation. Changes in indirect tax can come frequently, according to Calvin Lai, Senior Manager at Ingram Micro Tax. This means that ensuring indirect tax…
  3. Thomson Reuters ONESOURCE Indirect Tax Certified for S/4HANA Cloud, Private Edition

    Reading time: 2 mins

    Thomson Reuters’ ONESOURCE Indirect Tax – Global Next recently earned SAP certification for integration with the SAP S/4HANA Cloud, private edition. As more and more organizations transition to the cloud, this solution can offer improved indirect tax compliance while also reducing the reliance on manual transactions and calculations, thus drastically lessening the chances of an…
  4. financial performance

    Vertex CFO on Strong Earnings: Indirect Tax Automation is a Must-Have

    Reading time: 4 mins

    This week, Vertex released 2022 fourth-quarter earnings and full-year 2023 guidance above Wall Street’s expectations. On the earnings call with investors following the announcement, Vertex CEO David DeStefano spoke about the favorable tax compliance environment for his company’s product offerings. He stated, “Businesses today face immense regulatory change and indirect tax complexity. These challenges intensify…...…
  5. Indirect Tax Automation

    Quantify the Value of Indirect Tax Automation and Demonstrate ROI

    December 01, 2022

    Tax and IT teams are under constant pressure to do more with less. With ever-changing regulations and increasing workloads, it’s no wonder that many organizations are looking for ways to automate their indirect tax processes. Any corporate tax team looking to invest in an automated indirect tax solution needs to do more than simply declare…
  6. SAPinsider Rackspace Technology Insight Image

    Video: Avalara Talks Global Indirect Tax Compliance Complexity

    Reading time: 1 mins

    By Ogo Nwanyanwu, Research Director, SAPinsider The current global tax management landscape calls for organizations of all sizes to tightly manage global indirect tax compliance and support a growing list of tax regulations across thousands of tax jurisdictions. SAP ERP supports customers from healthcare, insurance, oil & gas, consumer goods, retail, and technology, operating in…...…
  7. Detect the Effect of a Change in US Tax Models on Payroll — Before You Do It

    Reading time: 35 mins

    US users of SAP payroll periodically need to maintain their tax model configuration. A small change made in a tax model to correct a taxing situation may inadvertently alter the taxing for other situations. Ensure that mistakes don’t sneak into your SAP payroll. Key Concept Tax laws in the United States are quite complex. SAP…...…
  8. Accounts Payable

    Video: Vertex Talks Indirect Tax, O2C, P2P Testing Automation

    Reading time: 1 mins

    A global tax engine is a core component of a robust digital tax strategy designed to streamline an organization’s indirect tax compliance lifecycle. The successful implementation of a tax engine requires a well-defined and executed testing plan. When testing a new tax engine, it is essential to consider all possible scenarios to avoid real-world errors…....…
  9. Case Study: A Business Case for Indirect Tax Automation with Goodyear

    Reading time: 1 mins

    The indirect tax environment had seen a huge increase in digital obligations and real-time reporting, where data needs to be correct from the beginning with little option to make changes later. This creates additional exposure to tax authority requirements, and therefore mitigation of the tax and compliance risk is critical. Improving the efficiency and accuracy…
  10. SAPinisder Technology Insight S4HANA Simulation Image

    Simplify Global Tax Management Automation

    Reading time: 6 mins

    By Ogo Nwanyanwu, Research Director, SAPinsider   Key Takeaways    Organizations selling goods and services across the U.S. are subject to complex “economic nexus” compliance requirements that can vary from state to state. Changing legislation makes accurate and real-time indirect tax calculation and compliance difficult, not only in the U.S. but also internationally. Avalara is expanding…