Data intelligence and insight to proactively improve tax performance and drive business decision-making.
The tax department utilizes some of the largest, most detailed, and diverse data sets in the company. Vertex Indirect Tax Intelligence is a cloud-based data intelligence tool that leverages tax data to unlock time, capacity, and insight to help optimize compliance and audit performance, mitigate risk, and improve tax outcomes across the business.
Improve tax performance and drive business decisions with dashboards that combine your tax and transaction data, Vertex tax content, and your Vertex O Series configuration setup to monitor and analyze tax metrics by entity, product, volume, amount, and location. Further unlock unique views into trends, risk, and areas for review, attention, and optimization.
Leverage separate sales tax and use tax dashboards to review a state-by state summary of activity trends and variances for sales, purchases, taxes collected, and taxes paid for current and prior periods with filtering and drilldown capabilities for deeper insight.
View your sales transactions and dollar volumes by state, read from the Vertex tax engine, compared against individual state nexus thresholds to easily track and identify your upcoming registration and reporting needs.
Identify potential risk, exposure, and audit-triggering events based on changes to customer and transaction data. The dashboard highlights new products, new selling and customer locations, M&A, and variances in tax amounts for individual jurisdictions.
View separate sales tax and use tax dashboards combining Vertex monthly tax rate and rule data, tax engine transaction data, and product category mapping to highlight where rate changes impact your business so you can quickly identify risk and trends.
Identify potential risk and exposure by viewing new or changing master data in the ERP or outdated configurations in the Vertex tax calculation engine.
*Optional add-on. Requires use of SAP (ECC6 or S4 HANA) or Oracle (R12).
Identify potential tax compliance gaps by assessing the completeness of coverage in the Vertex tax engine. Compare dollar values sent through the Vertex tax engine to the sales & purchase transactions in the ERP.
*Optional add-on. Requires use of SAP (ECC6 or S4 HANA) or Oracle (R12).
“Nexus expansion has significantly changed taxation for small and medium enterprises. As companies continue to navigate tax changes in the wake of the Wayfair decision, automation is essential to meet current and evolving requirements. Waiting to see what happens, or ignoring the compliance issues, can have serious consequences for your business. Leaders are recognizing the need to automate and update their processes for a seamless transition to the new nexus standards and future sales and use tax changes.”
Streamline indirect tax management with deep, proven tax content and software built to scale.
Expertise and services to help you maximize the ROI of your Vertex technology and improve your tax operations.
Product Details: Vertex Indirect Tax Intelligence
