Indirect Tax Integration for SAPRevolutionary SAP ERP integration delivers seamless global tax calculations

GLOBAL NEXT

The only truly global sales tax solution for SAP

ONESOURCE Indirect Tax software integrates seamlessly with SAP ERP, delivering global transaction tax determination and support, offering the flexibility to scale with your growing multi-national business and reducing the significant costs that are associated with indirect tax and compliance.

Many users of SAP ERP struggle to configure the system to meet all the requirements of tax authorities and often discover gaps that require costly custom solutions or manual workarounds. Combined with an ever-changing tax landscape with new tax laws and legislations being issued more frequently and tax compliance and collection enforcement becoming an increased focus of governments, it’s time to rethink how you calculate tax in SAP.

Traditional approaches use SAP tax code setup, require frequent changes and updates, and force you to monitor constantly changing tax laws and regulations. The Thomson Reuters ONESOURCE Indirect Tax Integration for SAP eliminates these manual burdens and provides a centralised solution for companies to maintain all tax laws, rules and rates for over 175 countries seamlessly integrated into your SAP systems.

Global Next – The Next Generation SAP Tax Interface

Global Next, the newest version of the ONESOURCE Indirect Tax Integration for SAP has been built from the ground up leveraging over 10 years of SAP tax automation implementation experience worldwide. Global Next reduces changes to SAP systems and IT coding requirements by up to 90% giving global tax professionals and their IT department more time to focus on what really matters.

The user menu allows for all tax configurations, setups, and monitoring via SAP transactions and a new flexible field mapping, eliminating the need for extensive user-exit coding. Tax calculation details are captured in SAP pricing and tax procedures, and the solution seamlessly integrates with business transactions in Sales Distribution (SD), Materials Management (MM), and Financials (FI) for indirect tax calculations. The new interface is designed with the global customer in mind and utilises SAP’s structure and logic for global VAT processing.

Integration to SAP for updated tax rates, reporting and compliance

Our SAP integration updates the proper rates on each transaction, while at the same time meeting downstream reporting and compliance needs. SAP tax codes only need to be setup once, eliminating the creation of different tax codes every time tax rates change and the possibility of running out of tax codes. Support of a large number of global taxing authorities and historical rate changes are no longer an issue. Users can now take advantage of standard VAT reports, taxes on plants abroad configuration, and many other standard SAP features that require indirect tax calculations.

Goods movement

SAP users can also take advantage of ONESOURCE Indirect Tax for SAP Goods Movement software. This application enables organisations to accurately and efficiently calculate, accrue, and record U.S. use tax on SAP internal goods movements within the Material Management (MM) module. The same highly accurate tax determination capability can be extended to post-purchase transaction activity in the U.S.