Vertex's full range of tax software and services helps not only small to medium enterprises but also global multinationals, simplify and automate their tax processes. The variety of global tax solutions allows businesses to automate, integrate and streamline their tax processes ensuring their tax functions are able to realise their full strategic potential. Vertex global tax solutions are offered in every major line of tax including income, value added (VAT, GST), sales, consumer use, payroll and more.
Solution for determining taxes and calculating, collecting, and reporting on VAT and GST. Overcome complexity, time and costs associated with maintaining rates, rules, and logic for value added tax (VAT), goods and services tax (GST), and other indirect taxes.
Compliance and Audit
Automate your compliance process, including UK MTD for VAT and other real-time reporting. Ensure accurate filing and provide the traceable audit trail you need to reduce risk.
Tax Data Management
Collect, consolidate, and standardise data from multiple disparate data sources, including spreadsheets and leverage your data across all tax processes and tax types, on a global scale.
Global organisations face complexity, significant work and costs associated with maintaining rates, rules, and logic for value-added tax (VAT), goods and services tax (GST), and other indirect taxes. Vertex provides an advanced solution for determining taxes and calculating, collecting, and reporting on VAT and GST while maintaining the global tax content files to reduce the burden of keeping rates and rules up-to-date. If you are a non-US business with an online and/or physical presence in the USA, find out more here about the complexities of US sales and use tax and how Vertex can help ensure your business remains compliant.
The Vertex Indirect Tax O Series software allows you to;
Centralises and automate your VAT processes.
Simplify, and reduce the cost of VAT, GST, and other international tax maintenance
Ensure accurate VAT calculation, payment, and reporting
Drive business performance through more effective global VAT and GST management
Reduce risk and costs, and enhance compliance and audit readiness to better support your business
Support for 240+ countries and territories, including Brazil, China, the European Union, and India
Manage in-country and cross-border transactions, and numerous special tax situations and rules, such as intra-EU transactions, exemption certificates, reverse charges, triangular supplies within the EU, VAT grouping arrangements and intra-group transactions, and taxability implications of title transfer and chain transactions
Flexible architecture suitable for remote call or direct call model and compatible with multiple ERP, CRM, purchasing/procurement, and eCommerce systems
Reporting database with historical accumulation of all transaction result data produced by the calculation engine
A range of deployment options—including an on-demand hosted model that accelerates implementation and reduces hardware, database, and other support requirements.
Enhance visibility and coordination. Centralised access to accurate, up-to-date information arms your tax team with the global insights needed to manage risk and support the business more effectively.
Improve controls and compliance. Vertex VAT tax software streamlines management of subsidiary tax compliance affairs. It automates preparation anTAB d submission of tax returns—enabling your tax department to address compliance with greater speed, efficiency, and accuracy.
Support better financial performance. Vertex global tax management software helps your organisation's bottom line in two ways: dramatically reducing the need for full-time tax research staff and delivering data-driven insights for understanding tax position and optimising cash flow.
With hundreds of forms, thousands of different tax rates and continual changes that affect your business, preparing and filing tax returns manually is complicated, time-consuming, inefficient, and prone to error. Vertex solutions can automate this processes to ensure that the right forms are filled with the latest tax data for that specific country/jurisdiction. Automation allows for greater governance over compliance and traceability which is essential during the auditing process.
Vertex's tax returns solution;
Centralises and automates tax return preparation
Generates signature-ready returns and/or returns files ready to upload to government websites.
Provides a complete audit trail and storage of the final submitted returns together with the associated data stored within the application in the form of accounts payable (A/P) and accounts receivable (A/R) ledgers.
Complies with HMRC requirements for UK MTD for VAT
Reduces processing time significantly—all while driving higher accuracy, consistency, and compliance.
Reduce processing time from days or weeks to just hours and now real-time
Enhance accuracy, efficiency, and audit defense
Produce signature-ready and e-File returns and reports including Intrastats, ESLs and VAT SAF-T
Monthly updates to ensure compliance with the latest legislation and forms
Returns are presented in the country’s language and English, perfect for shared service centers
Integrates with your ERP or Tax Engine
Vertex offers a variety of deployment options—including an on-demand hosted model that accelerates implementation and reduces hardware, database, and other support requirements.
Enhance productivity. With complete automation of the business tax returns compliance process, Vertex enables your tax department to achieve substantial improvements in speed, efficiency, and accuracy.
Increases compliance across the organisation and where a shared service model is in place.
Improve and audit performance providing easy access to historical returns, ledgers, and other important documents – all with a clear audit trail.
Complex businesses need tax data that moves at the speed of your business. Vertex Tax Performance Engine unifies all tax data from hundreds of disparate sources in minutes, into a single platform that can be leveraged across all tax processes, for all tax types, on a global scale. Without cumbersome spreadsheets, or waiting for IT reports. You’ll spend less time finding data and more time putting it to work for you. With greater confidence and better control.
At the heart of the tax platform is the Vertex Tax Performance Engine which leverages advanced data connectors to centralise and aggregate all of the diverse data sources that exist in an organisation. Data is unified, validated, and enriched according to tax needs creating a single source of tax-ready data to power the end-to-end tax lifecycle, for all tax types.
It is a data management system developed specifically for tax. Providing a single source of truth, updating in real-time, with transaction-level detail just a click away. The data you require for compliance, audit, and reconciliations for both income and indirect tax. And the insight you need to make better business decisions while streamlining operations and improving control.
Improve Data Accuracy
Leverage a single set of tax-ready data, with standardised terminology, for all your tax processes.
Work at the Speed of Business
Process a petabyte of data in minutes, not days. Spend less time manipulating data and more time reporting and analysing it.
Improve Your Data Visibility
See multi-ledger, multi-GAAP, multi-currency, and multi-year data in a single view. With drilldown to transaction-level detail.
Collect, consolidate, and transform data from hundreds of sources and multiple ERP/Financial systems, into a single set of tax-ready data
Use pre-built connectors to most ERP and financial systems.
Manage structured and unstructured data.
Standardise data formats and terminology regardless of source.
Capture and archive transaction-level detail for all data.
Archive every step of data transformation in “as-was” state.
Set up once and run data imports at whatever cadence you need.
Manage a petabyte of data (that’s a million gigabytes!).
Leverage consistent data for the end-to-end tax lifecycle for improved accuracy and reduced risk
Use detail-level data instead of summary data for all tax processes.
Tax staff around the world all access a common data set for compliance, audit, reconciliations, and planning.
Leverage a single set of workpapers across multiple tax processes.
Access real-time data using standardised terminology with transaction-level details regardless of source.
Automate data manipulations to reduce manual errors.
Improve the accuracy and consistency of addresses, taxability assignments, customer exemptions, and more.
Identify and address data anomalies (customer exemptions, inaccurate product/materials assignment, tax classification indicators, tax codes).
Identify and recover overpayments.
Review and validate vendor-charged taxes.
Archive every data element and calculation for use in downstream tax processes, with long-term storage for audit needs.
Gain better insight from your data to inform tax strategy and business decisions
See multi-ledger, multi-GAAP, multi-currency, and multi-year data in a single view.
Access consistent data from your favorite analytics and BI tools.
View VAT throughput to manage cash flow.
Enable real-time “what-if” scenario planning.
Model the tax impact of business scenarios, tax planning strategies, legal entity structures, and transfer pricing, and see the impact on ETR and cash taxes.
This European CEO video outlines the top challenges that tax departments face, and how tax technology can help with determination, compliance and audit and tax data management and analytics to meet stringent compliance regulations.