VAT Add-on for use with SAP

Taxmarc™ SAP solution2

Simply the best SAP Add-on solution to overcome pitfalls and shortcomings within SAP’s VAT determination and reporting logic.

During Big4 software vendor selections Taxmarc™ has been selected various times as the ‘best’ SAP Add-on solution for automating the indirect tax determination for both incoming and outgoing invoices including its integrated tax control framework with automated VAT controls.

Not only have we been recommended but also tested intensively prior to production by the Big4. Recently the outcome of a very detailed report was again that after intensive testing the solution works according to its specifications and could go into production. A good question to ask our client references. We stimulate such Q&A.

No external interface needed

Simply the best SAP Add-on solution to overcome pitfalls and shortcomings within SAP’s VAT determination and reporting logic.

  • Taxmarc™ draws upon 30 parameters at this level to be able to fully automate the VAT determination of all (chain) transactions in SAP on real time data. Via enhancement implementation extra Taxmarc™ functionality is added to standard SAP (no interface needed).
  • In analogy with a car, we have tuned up standard SAP (i.e. given it extra brain power) to realize that extra indirect tax performance. The result is that the VAT treatment of all incoming and outgoing invoices is automatically determined for also the most complex transactions. In fact you have a SAP built in designated driver that makes that happen.
  • Even important is that you keep on driving safely. It therefore includes all the necessary safety features such as an integrated Tax Control Framework that stops the car or shows a RED light in an emergency table when danger is ahead.

Where Taxmarc™ differentiates

  • After the SOW is signed our first effort would be that we sit down together with all in-house stakeholders (Indirect Tax, SD, MM, Finance, IT) to demonstrate in detail what we are going to change, explain why those changes are needed, what is accomplished with these changes and that these changes have a low impact on the current SAP set up.
  • Subsequently we perform own checks on the current system and discuss these VAT and set up findings to understand the root cause why certain developments or configurations have been made in the past or to get a clear understanding of the background of certain specific SAP scenarios.
  • We consider it important to spend time together with in-house stakeholders not only to get their immediate buy-in at the beginning of the project from a change management perspective, but as well to transfer knowledge back and forth by which also the solution will be tailor-made and future maintaining could be done in-house. The latter means process owners are appointed and we challenge decisions from a best practice perspective (what works for other multinationals).
  • Understanding your current set up is really essential for us as all our designed features have to work as promised and that means that for certain specific scenarios some extra development might be needed. That is included in our fixed fee as it is all about realizing the IT and indirect tax objectives as agreed.
  • We take a management role. We are the Subject Matter Experts and will take the lead in the project and install our solution ourselves. We do not shift responsibility as it is our core business and expertise. Simply ask our client references if this has been an appreciated and an effective approach.

Our company statement is ‘promise only what you can deliver and deliver everything you promise’.

All our solutions are ‘implemented’, ‘tested’ and ‘in production’ at various listed multinationals.

About Richard Cornelisse

I advise multinational businesses in improving the efficiency and effectiveness of their Indirect Tax Function and Tax Control Framework. I started my career as a manager at Arthur Andersen and then became a partner in EY where I led the indirect tax performance team for Netherlands and Belgium. Currently I am a senior managing director of Phenix Consulting. I have over 20 years’ experience advising clients on international VAT issues. I am specialized in the tax aspects of financial transformations, shared service centre migration, and post merger integration work. I am also somewhat of a mentor, giving back to the profession. If you are interested in conversation and discussion, please feel free to contact me.
This entry was posted in Automating complex VAT flows in SAP, Control Framework, enhancement implementation, SAP add on, SAP enhancement point, SAP for VAT, SAP implementation, user exit, VAT automation, VAT Control and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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