Solutions

Vertex Tax Performance Engine

Executive summary
  • The Vertex Tax Performance Engine is the heart of Vertex Enterprise and puts Tax in command of its own data
  • It allows you to unify, validate, enrich, and access the massive amounts of global data your tax department needs across the tax lifecycle
  • It powers every phase of the enterprise tax lifecycle, providing a single source of truth for planning, provision, compliance, and audit defense
  • It gathers data from all relevant business units, all regions, all entities, all currencies, all accounting standards around the globe
  • It enables the automation of time-consuming and complex data transformations
  • This creates opportunities to mine global tax data for insights for and competitive advantage

The Vertex Tax Performance Engine

The Vertex Tax Performance Engine is a sophisticated data management solution that allows you to unify, validate, enrich, and access the massive amounts of global data your tax department needs across the enterprise tax lifecycle – now and in the future, according to Tax’s needs.

It powers every phase of the tax lifecycle, providing a single source of truth for planning, provision, compliance, and audit defense. It enables the automation of time-consuming and complex data transformations. What’s more, it gathers data from all relevant business units, all regions, all entities, all currencies, all accounting standards around the globe, bringing it together for transformation into tax sensitized, legal entity data for use in every facet of the tax process in a controlled and repeatable way.

This data can then be leveraged across all core processes, as well as for tax analysis and business insight.

Features
  • Imports data from hundreds of sources – and exports data to multiple tax applications and reporting/analytics tools
  • Supports multiple currencies and accounting ledgers
  • Stores current and historical financial data from accounting systems
  • Gathers transaction data from multiple ERP and e-commerce platforms
Benefits
  • Achieve more accurate, validated financial data for all tax types
  • Capture data from the general ledger by entity and subledger, down to detailed transactions
  • Automate key processes, including book/tax differences for all jurisdictions, state apportionment factors, and earnings and profit calculations for U.S. entities
  • Group legal entities by tax jurisdiction
  • Support a clear audit trail back to financial system data
  • Streamline key functions across the tax lifecycle while eliminating redundancies.
Associated Solutions
Tax Data Management
The Vertex Tax Performance Engine allows you to unify, validate, enrich and access the massive amounts of global data that tax needs.
Open Architecture
Vertex Enterprise integrates with existing and new data sources, applications, & analytics – protecting your technology investments.
Vertex Tax Accounting
This global provision solution is a strong foundation for effective tax planning - and the first to align financial and tax reporting.
Data Sources & Connectors
Connectors import all ERP, sales, payroll and legal transaction details that impact tax into a single, unified platform.
Contact Vertex
Have questions or need assistance?
Contact Vertex now! 1-800-355-3500
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