SAP Financial Period Close: Rethinking Journal Automation, Compliance, and Reporting

17 results

  1. Video: Sovos talks Economic Nexus Complexity

    As organizations grow and expand their operations into new markets, the complexities of indirect tax compliance can increase dramatically. Businesses selling into multiple tax jurisdictions need a global tax management solution that provides enhanced tax determination and calculation capabilities to support complex product and service taxability requirements. An example of increasing indirect tax complexity is…...…
  2. Moving Your Tax Engine to the Cloud: A Revenue Generating Opportunity?

    Many companies expect to experience revenue-generating results when they migrate to SAP S/4HANA. In addition to cutting costs by increasing productivity and efficiency, an SAP S/4HANA project provides SAP customers with another opportunity that is often overlooked: the chance to move their on-premise tax engine to the cloud. Although the intangible benefits of such a…
  3. Growing Need for Sales Tax Compliance Automation

    Economic Nexus Complexity is Increasing Across the U.S., Creating Challenges for Tax Teams  Sales and use tax compliance is growing more burdensome for organizations that are conducting business in the U.S. due to complex economic nexus mandates. Many states are expanding their sales tax jurisdiction to include out-of-state companies with a certain level of sales…...…
  4. Top Tax Considerations for SAP Customers

    As a product or a service that is subject to value-added tax (VAT) moves along the supply chain, the government is able to verify whether VAT was introduced at each step correctly by auditing documented transactions. While a great concept in theory, VAT can leave massive gaps in practice due to the complexity of verifying…
  5. The New World of Tax: Your Word Against the Government’s Big Data

    In the not-too-distant future, tax administrations around the world will receive authenticated data from all your – and your trading partners’ – transactional systems in real time or near-real time. Your invoices will be tracked and approved through all stages, from issuance by the supplier to approval and payment by the buyer. The massive amount…
  6. Rethinking Your Approach Towards Global Compliance

    The digitization and increasing complexity of tax has necessitated that most organizations rethink their approach to global compliance management. Rapidly changing regulatory guidelines and tax laws have made manual processes difficult to maintain. In addition to increasing the burden on internal tax teams to get things right. While the strategy may differ depending on the…
  7. Transforming Tax Compliance for Global SAP Organizations

    As your business grows and evolves, especially in times of rapid and dynamic regulatory and tech change, maintaining compliance can create a state of uncertainty. Compliance is increasingly real-time, always on, and as much an IT challenge as it is a tax challenge. To keep up with this, your tax compliance strategy needs to evolve…
  8. Serrala Secures Majority Investment from Hg

    By Ogo Nwanyanwu, Research Director, SAPinsider   Global B2B financial automation software company, Serrala recently announced a majority investment from global software and services company, Hg. Terms of the deal were not disclosed, as the transaction between the two, private German-based companies has yet to close. Serrala CEO Sven Lindemann and private equity backer, Waterland, will remain as large minority shareholders in the…
  9. Strategies for Success: SAP S/4HANA Summit Key Takeaways

    The SAP S/4HANA Summit 2023 provided an immersive educational experience for SAP end-users to explore key topics and ideas on SAP S/4HANA finance, platform and technology. Whether you are just starting planning for the move to S/4HANA, speaking with consultants about change management or are in the weeds of data transfers, this event gave valuable…
  10. Case Study: Next Generation of SAP E-Invoicing

    As mandated global tax regulations constantly change, migrating to a cloud system like SAP S/4HANA can become complex, but it does not have to be. When migrating operations to the cloud, one idea is to keep indirect tax compliance solutions at the forefront of your mind to avoid any additional headaches. At Sovos, we understand…