Continuous compliance: improve your SAP tax compliance with Vertex and extend the value of SAP

While SAP’s VAT module might be enough to stay tax compliant, for most businesses the requirements are too complex. It’s clear that specialist tax automation, determination reporting and remittance capabilities are needed to achieve growth and prepare for the challenges ahead.  

The need for continuous compliance is increasing due to a complex VAT environment, demanding regulations and the associated tax risks. SAP ERP integration with tax technology helps businesses stay ahead of the game, expanding the value of ERP. 

The power of SAP coupled with Vertex enables your organisation to streamline tax operations and boost your tax team's agility and effectiveness. Vertex SAP ERP integration empowers your business to support continuous compliance and easily adapt to new regulations and changes in the market.  

Real-time data accuracy: SAP ERP integration with Vertex allows for the automatic capture and validation of transactional data. By monitoring SAP changes in real-time, tax-relevant data (such as customer details, product classifications, and transaction amounts) are accurate and compliant with current tax law and regulations. 

Automated tax calculation: Reduce manual errors, taxes are applied correctly and consistently across all transactions. 

Enhanced audit trails and documentation:  A robust audit trail that documents changes to SAP master data and transactions. This transparency supports continuous compliance by providing a clear record of how tax obligations were determined. Changes are traceable and auditable. 

Scalable compliance management: SAP ERP integration with Vertex enables scalable compliance management across multiple jurisdictions. Your business can manage tax requirements across diverse regions. 

Mitigate risk: By continuously monitoring and updating tax processes based on SAP ERP data, your businesses can minimise the risk of inaccuracies and meet tax obligations consistently. 

Your business needs a comprehensive, central solution that can adapt to the complexities of global tax laws. This is where the power of continuous compliance comes in. SAP, in partnership with Vertex, offers a proven solution. Vertex's unified platform is designed to tackle the intricacies of continuous compliance head-on. It unifies an organisation's tax compliance processes, delivering confidence by centralising tax data and calculations and removing the need for manual processes. Your business can focus on more strategic initiatives. Learn more about how Vertex's integration with SAP S/4HANA support continuous compliance.

The Vertex platform is designed to be user-friendly and intuitive, making it easy for tax professionals to manage their compliance obligations. The platform provides real-time insights into tax liabilities, for proactive management of tax exposure, helping companies like yours avoid surprises. 

Watch our on-demand webinar for real world insights on how Vertex SAP ERP integration how can help you manage: 

• Cross-border VAT complexity 
• Multi-party transactions 
• Complex exception rules 
• Real-time VAT reporting 
• The latest legislative requirements and changes. 

Expert contributors from Dow Jones & Company, Ford Motor Company, IKEA, Cargill, and Vertex discuss navigating the complexities and risks associated with VAT, sharing insights into their current S4/HANA implementation journeys. The discussion includes outlines of their experiences and strategies in using SAP to optimise VAT determination, management and compliance in their organisations. 

Ready to master continuous compliance? Watch our on-demand webinar and learn from industry experts how Vertex and SAP ERP integration can revolutionise your tax processes.