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Agenda & Solution Overview
Introduction
Vertex Indirect Tax Returns
Reporting and Compliance
3
Q&A
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Introduction
Vertex The Standard in Tax Technology
30-year history in tax management and
technology
Global solutions for Indirect Tax
Over 4,000 software installations worldwide
Focused exclusively on tax technology and
content
5
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Vertex Indirect Tax Returns
Vertex Indirect Tax Returns
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Statutory Returns
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Roadmap
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User Security
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Managing User Roles
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Importing Data O Series
Pre-Configured Export
Pure End-to-End
Content is Synchronized
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Importing Data Other Sources
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Importing Data Customize
Rules Simple Field-Specific Overrides
Scripts Allows Complex Code
Filters Removes Unwanted Data
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Import Scripts
User created C# code - script code executes during import process
Scripts control movement of data into system
Scripts perform transformations/validations
Similar to Tax Assist in O Series
Script development and maintenance will probably fall on a technical resource
Use Security to control user access to scripting
Scripting guide (API guide) and Development environment available on request
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Tax Data
Invoice-Level Details
Customisable Multi-Attribute Data Queries
Additional Spreadsheet Filtering
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Administration of Returns
Administrator applies monthly updates
Apply to both the program files and databases
Supplied from the myVertex website at months end
Contains improved functionality and new Research content
Provided tools fully automate the monthly updates
One Global update
Automate client update:
Auto update is built into application
Ability to deploy updates on Active Directory using MSI
Updates are continuous. No annual roll over or reinstall !
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The Tax Engine Vertex O Series
Why Vertex O Series?
Ensuring upstream coding quality and consistency
Moving away from:
Manual Processes
ERPs/Finance Systems/eComm platforms embedded with little or no tax content
Tax rate (and TaxCode) need to be set-up and maintained
Selection of TaxCodes in ERPs
Risk of error, lack of consistency; turnover of staff; training/manuals/flow-charts, etc.
Shared Service Centres/outsourcing of AP functions
Lack of local knowledge
Paid to process AP invoices
External Pressures
Greater scrutiny [internal and external]
SOX, SAO, horizontal monitoring, co-operative compliance
Process, process, process
Visibility and openness
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What is Vertex O Series?
Vertex O Series is:
A tax calculation engine for global A data repository containing:
indirect taxes Tax Jurisdiction codes
VAT Place of supply rules
Input (Procurement) GST/VAT/Indirect Tax rates
Output (Supplies) Taxability rules per category
Complex Indirect tax systems A range of reporting tools to
India; China; US; Brazil, etc. generate:
A system that interfaces Statutory Reports
with Financial Systems Analytical and underpinning
to process appropriate VAT reports
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Vertex O Series Overview
Financial System (ERP)/eCommerce etc
1 Request 4
Response
External Interface
2
TaxGIS [Jurisdiction ID]
Tax Professional
3 Vertex Administration
Central Configuration
Tax Calculation
Tax Workbench
5
Tax Service
SAP Interface Vertex Engine
SAP Tax XML (Calculation and
SAP ECC Enhanced Component
Link Area Jurisdiction
SAP RFC (SIC) Identification)
Data
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Vertex O Series Tax Links For E-Business Suite
PC FA
Vertex Tax Links Client
Extension
Sourcing Rules (Company,
POA, Ship-To, Ship-From,
Product, Tax Type, etc.)
Configuration Preferences &
Process Options
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31
Embedded Global Content
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Tax Data Management
Tax Data Management
Multiple systems, reliance on manual processes, and thousands of man hours to adjust and tax-enrich the data.
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Vertex Enterprise
Vertex Enterprise
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Vertex Enterprise with Deloitte Analytics
Financial Systems Business / Corporate / Shared Services
SAP
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Contact Information
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