Make the Move to SAP S/4HANA

The move to SAP S/4HANA

Implementing a tax engine as part of an SAP S/4HANA migration brings opportunities for IT and tax teams and can accelerate implementation. Tax teams regain control by automating their indirect tax operations while IT centralizes and standardizes processes to retain control at a central level. IT drives this change and has tight budgets and timescales to adhere to, but one of the impacted areas is often overlooked: tax.

Explore this infographic to learn more about how tax and IT can transform indirect tax:

Benefits for tax and IT teams

There are many benefits for both tax and IT teams of implementing a tax engine as part of your SAP S/4HANA migration. For tax teams it eliminates human coding errors and incorrect ERP settings. It also centralizes operations and helps you gain insight that enables you to improve processes and increase accuracy across the tax function. All of this reduces risk.

For IT teams, it automatically updates tax legislation changes and adds VAT content for new jurisdictions as your business expands. It also eliminates the need for customization by IT, and it removes copy and paste errors into new systems so you can leverage your tax team’s expertise to review and support implementation.