Indirect Tax Solutions for Europe

Global VAT Compliance Software

Automate VAT reporting across Europe and around the world to support your global business as you manage indirect tax compliance.

Automate VAT Reporting Process

Leverage automation to prepare and submit VAT/GST filings. Improve accuracy, reduce manual process errors, and improve data quality in your VAT/GST reporting.

Improve Transparency

We provide enhanced visibility to improve indirect tax performance. Drill-through to transaction-level data and access audit event logs and detailed archives for indirect tax compliance.

Flexible, Easy-to-Use Software

Automatically import transaction data from virtually any source and leverage Vertex to map your data directly to your returns. Run reports to streamline audit defense.

Scalability to Support Business Growth

Grow confidently with continuously updated VAT content for jurisdictions around the world. Our up-to-date VAT content enables businesses to employ a centralised global strategy for VAT reporting, and provides the agility to support changing processes and business growth into new markets.

Improve Audit Performance

Accurate determination of VAT and U.S. sales tax, even on the most complex transactions, improves indirect tax compliance accuracy for better audit performance.

Take a Global Approach to Tax

Approach indirect tax holistically with integrated solutions for determination, compliance, and reporting for jurisdictions throughout Europe, the U.S., and around the world.

Partners

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.

EXPLORE OUR PARTNERSHIPS

A Global VAT Determination Solution

Add the Vertex tax engine to your ERP, e-commerce, procurement, and billing systems globally to improve accuracy and ensure centralised control over VAT determination. Our tax engine sits outside your ERP, making it is easy to scale and requiring minimal maintenance from your own IT department.

Ensure indirect tax accuracy and provide the confidence you need to support global VAT/GST determination and compliance. Robust connectors to SAP, Oracle, and most other ERP, e-commerce, procurement, and billing systems streamline indirect tax management even as your business grows, expands, or changes its processes.

Reduce Audit Risk

Our tax engines for VAT determination perform automated and accurate indirect tax calculations with little to no human intervention to reduce risk and improve audit performance. Your tax calculations are backed-up with continuously updated tax content by our in-country or regional research teams to ensure all VAT/GST data and rules in our engines are up-to-date.

Boost Efficiency

No need for time-consuming VAT determination research and IT support to update indirect tax rates and rules across all your ERP and billing systems. We ensure the tax engines are up-to-date, so you can deploy your limited tax, finance, and IT resources for your more value adding, core activities.

Choose Your Deployment Method

Select a deployment option that is best for your business.  Install and run your tax engine on-premise or leverage a SaaS (software as a service) solution for faster start-up and reduced IT intervention.

Partners

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.

EXPLORE OUR PARTNERSHIPS

A Solution for VAT Data Quality

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.

Partners

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.

EXPLORE OUR PARTNERSHIPS

Migrating to SAP S/4HANA: Considerations for Your VAT Solution

If you are implementing or migrating to SAP S/4HANA: are you ready for the future?

The move to SAP S/4HANA is the perfect opportunity for the tax function to finally regain control and transform the indirect tax operations by implementing a tax automation engine. In order to gain the full benefits of SAP S/4HANA, change is required for your set-up and for the way you used SAP before.

Does your VAT solution still fit, or does it need to be rebuilt? If you rebuild, do you have your original team of SAP specialists or will you need to explain the rules again? 

Why can't VAT be handled in SAP?

There are key reasons why value added tax cannot be handled properly in SAP alone:

• Generic VAT solutions within SAP are not sustainable 
• SAP does not have one standard solution to serve all possible permutations
• Each customer’s SAP system, set-up, and business scenarios are unique
• No generic third-party VAT solution within SAP can be sustained for multiple customers
• Each customer has a unique version of the VAT solution, so maintenance and coding are complex

What are the considerations when moving to SAP S/4HANA?

You may start to uncover extra steps and costs that were not apparent at the beginning. Here are some hidden costs and things to consider in addition to the SAP implementation costs:

• VAT determination when using multiple financial platforms such as SAP Ariba, Coupa, e-commerce systems, SAP Concur, etc. – given that each will have its own VAT logic
• Acquiring multiple ERPs from M & A – these systems will have their own VAT logic
• Building VAT solutions in each system increases risk of non-compliance
• Maintaining each system can be time consuming, resource intensive, and expensive

What if you are still using SAP ECC?

You can leverage Vertex to improve VAT determination today and streamline your migration to SAP S/4HANA in the future.

• Vertex has enabled the SAP API connection between SAP ECC and the SAP localisation hub
• You can get the benefits of a Vertex tax engine by connecting your SAP system using a trustworthy connector
• There is no need to redesign your VAT processes when you migrate as the work will have been already done upfront

Why You Need the Vertex Tax Engine

The Vertex tax engine connects to almost any platform that generates a VAT relevant transaction. It connects multiple ERPs and financial systems for consistency in VAT determination across your business.

Benefits of the Vertex Tax Engine

• Improved accuracy of VAT/GST determination
• Up to date tax content
• Reduced IT support needs
• Improved tax department efficiency
• Improved audit performance
• Improved scalability

With Vertex, you can confidently manage the complexity of VAT across Europe and overall compliance as your business grows and jurisdiction requirements change, enabling you to be ready for the future.