Preparing indirect tax reports is time consuming and includes managing data quality risks. Bad or incomplete data can result in non-compliance, large penalties, unrealised tax benefits and rework.
Automate your data validation, analysis, and transformation steps prior to the VAT reporting process.
Leverage a cloud-based, multi-tenant, tax-specific solution for the data validation, analysis, and transformation steps required for a company to properly support the indirect tax reporting process. Vertex Cloud Data Integrity increases VAT return data quality so that companies can reduce their audit risk and increase tax staff efficiency.
Vertex Cloud Data Integrity Features & Benefits
Have more confidence with VAT compliance
Provides VAT validation capabilities comparable to your tax inspector, delivering increased VAT return data quality, reduced audit risk, and increased tax staff efficiency.
Increase data accuracy
Delivers powerful, automated, rule-based capabilities (pre-defined rules and ability to create custom rules) to simplify the analysis, review, and correction of all the data required to properly support the indirect tax compliance process and reduce audit risk and penalties.
Provide an audit trail for data repairs
Increases the ability to document what changes were made to transactions and why, through an audit log, providing full transparency and minimises time required to get backup information for specific transactions.
Lower audit exposure and risk of penalties
Minimises risk and exposure through the automation and standardisation of data validation and corrections and provides an audit log that documents all comments and changes for audit protection.
Empower tax staff
Enables staff to confidently manage tax data, with sophisticated validation, enrichment, and transformation capabilities, through a modern, simple UI designed for tax professionals.
Increase staff efficiency
Minimises the time required by tax staff to validate and ensure completeness of all required tax data, through an automated rule-based approach.
Reduce recurring master data errors
Minimises the time required to check data for transaction entry errors and increases the ability to check and track that corrections have been made to the ERP or other transactional source systems, eliminating recurring errors.
Maximise business agility
Supports your business as it grows, through a cloud-based, scalable solution.
We work with leading software and service providers to provide solutions that help you work more efficiently. We integrate into your existing ERP, e-commerce, procurement, and accounting systems.
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