Why a Tax Engine is Essential when Migrating to SAP S/4HANA
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As we’ve previously noted, the scope of a tax technology transformation related to an SAP ECC-to-S/4HANA migration varies by company. From our extensive experience, more than a half-dozen factors can directly affect the duration and cost of a tax and ERP project. Fortunately, there are also several ways that tax and finance professionals can mitigate these factors and help support the success of a tax technology implementation.
Based on our involvement in hundreds of tax technology projects that include SAP implementations and upgrades, Vertex has identified several important actions that correlate directly with successful implementations. We believe that tax leaders and other stakeholders involved in ECC-to-S/4HANA migrations should consider taking the following steps to improve the speed, effectiveness and results of their Vertex implementations:
There are other key considerations that tax leaders should consider—and those steps along with many more insights on ways to ease the tax technology component of SAP S/4HANA migrations are available in this report.
Get tax right for SAP S/4HANA. Our cloud technology automates the application of sales, use, and value added tax on your transactions.
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