How we ended the expense and frustration of full tax determination – making tax engines affordable for the mid-market as well as enterprise businesses
Heard about or lived the agony of expensive and protracted VAT or GST tax engine or returns implementations from the traditional providers? Bugs, manual mapping and customisations and multiple API connectors mean heavy reliance on IT, ERP support and outside tax advisors. This creates months of missed deadlines and inflated costs, resulting in tax determination and returns that still aren’t working as you were sold. And with live e-invoice reporting sweeping Europe and beyond, it’s not something you can duck any further.
Why do tax engine implementations go so wrong and cost so much?
- Dependency on expensive outside consultants building and maintaining manual tax rules and data mapping to reflect your business rather than tech built on tax rules
- Inevitable bugs in logic by the engines or the client data – these are often difficult to detect, and require lengthy change cycle processes involving coders, testers and QA teams.
- Many businesses customise their ERP’s, especially SAP users, to such an extent that engines struggle with their standard connectors and data exchange.
- The need to have API’s attempting to force data through numerous endpoints depending on the calculation, invoicing or compliance application
- Multiple failure points on bespoke ‘fixes’
- Creating and maintaining tax codes between VAT calculations through to mapping to the correct return boxes
But, it doesn’t have to be that way anymore. If you need a SAP tax engine, or for any other ERP, accounting, billing or e-commerce platform, your search is over. Contact us for discussion of your requirements
Ending the tyranny of tax engine implementations
|VAT Calc makes tax engine and reporting implementations fast and inexpensive|
|1. Calculations based on global tax rules so you’re ready to go!||We have codified all national tax legislation, EU VAT Directives and OECD guidance so are ready for any transaction before you even take VAT Calc out of the box. This means no need to write, code and test extensive manual rules, which then need long-term support (= invoices!) from outside consultants. We already have all the complexity of any use case ready-to-go out of the box: triangulation; 2021 EU ecommerce reforms; gig & sharing economy taxes; customs and warehouse exemptions and the rest of your wish list.|
|2. Single endpoint = simplicity and cost saving||Whether for tax calculations, verification and returns preparation, VAT Calc’s single API endpoint means economies of scale as just one scheme to adopt|
|3. One scheme for ease||You will only need to adopt one naming scheme for all VAT calculation, auditing and returns processes rather than having your teams and systems adopt different naming conventions for different tools. Plus this makes API adaptation straightforward.|
|3. VAT Script enables user to adjust for harmonisation||VAT Calc’s VAT Script allows users to live update code for customisations without internal IT or ERP technical support or external Professional Services help in the back system.|
|4. Self-help mapping tool (ETL)||This enables users to connect source data to VAT Calc’s internal data fields. This saves on external support on mapping, including investigating bugs.|
|5. Single calculation and compliance platform kills tax codes and data errors||Our single application understands the transaction from calc to reporting, so it doesn’t need to make-up or maintain a painful piece of unreadable tax mumbo-jumbo.|
|It also means you won’t need lots of data exchanges, with headache-inducing reconciliation problems, between your tax calculation and reporting processes. It’s all on one platform!|
|6. Light connector strategy||We can deploy our ‘light connector’ which avoids the traditional arduous process of building a daily-transaction connector – reducing implementation costs and project time by a huge amount.|