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.
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:
Centralise 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.
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.