|Simplifying International Tax Management with Sabrix
Co-Founder and Senior
Vice President of
Services and Support,
Today, global companies are striving to create a consolidated view of their finances. Many companies neglect including their international tax position in that view, since they lack a common platform for managing and reporting international transaction taxes including the VAT, GST, and US sales and use tax. Global companies are faced with a limited overall view of their business and lack a common solution for managing and reporting transaction taxes.
Many companies have adopted technology to streamline other financial processes, but tax remains a largely manual process, often with distributed systems. Centralizing and automating international transaction tax management can improve a company's cash position and free up tax resources for better planning and strategy.
Given that tax teams encounter constant updates to rates and rules, along with frequent changes to company structures and business systems, the tax environment is perfect for centralization and automation. This not only eliminates multiple updates to disparate supporting systems, but also ensures more accurate tax payments and audit trails.
How Automating Transaction Taxes Benefits SAP Customers
The Sabrix Application Suite complements SAP applications in determining, calculating, and recording transaction taxes. Sabrix seamlessly integrates with sales and purchasing applications, unlocking the value of mySAP ERP, mySAP CRM, and mySAP Mobile Client, as well as other legacy and ERP systems. By automating tax determination and providing a single compliance database for international taxes, SAP customers can minimize the complexity of tax decisions by sales, purchasing, and accounting personnel during transaction processing.
The Sabrix Solution has met the international SAP transaction tax challenge by enabling an automated global tax solution. SAP customers using Sabrix can handle worldwide requirements for both calculation and reporting with support for each step in the business process — from procurement to payment and from quote to cash. The Sabrix Application Suite can solve difficult international tax challenges including triangulation simplification and other EU-specific requirements, as well as tax challenges across the world in countries like Brazil, India, and China.
An SAP-Specific Tax Solution
The SabrixConnection for SAP, which is already SAP-certified for the US and Canada, connects to SAP's Standard Tax Interface, passing transaction data from SAP to the Sabrix Solution. The SAP implementation with Sabrix is unique — it removes the requirement to maintain complex matrices for tax configuration exceptions and overrides, as well as for standard processing. Instead, Sabrix intelligently decides the appropriate tax determination based on SAP transactions and company configuration for exemptions and exceptions. Using the SAP Java Connector for its integration, Sabrix has enabled a highly scalable interface.
Now companies running SAP can harness the power of Sabrix applications for domestic and international taxation requirements while simplifying their transaction tax landscape into a single centralized solution. Implementing Sabrix Application Suite in the SAP environment reduces the cost of tax compliance and creates more efficient tax processes. As a result, tax professionals can spend more time on tax strategy to improve cash management and increase profitability.
Sabrix is a leading provider of enterprise tax applications and fully integrated international tax research, supporting more than 120 countries. For more information about Sabrix's solutions and services for SAP customers, visit www.sabrix.com.
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| |3 Steps to Unleash the Hidden Value in Your SAP Solution and Achieve High Performance
Finance & Performance
As your business changes, so do your needs for SAP. The challenge is to have robust processes and systems in place that can absorb new internal and external requirements. A simplified system landscape with common end-to-end processes enables this flexibility.
Many ERP implementations were planned and implemented under considerable time, resource, and budget constraints. Not surprisingly, many executives feel their ERP hasn't delivered on its original promises of increased productivity, connected business processes, and improved business insight. This high performance already exists within your SAP solution — it's just waiting for you to unleash it.
The key to unleashing this hidden value is to take small, well-planned steps rather than perform one giant, risky SAP makeover. On your journey to high performance, focus on harmonizing your technology, processes, and organization.
Step 1: Harmonize Your Technology
In both large, multinational corporations and smaller enterprises, we often see a proliferation of SAP instances and complex third-party architecture. Maintaining these systems is a costly, draining effort — you can save time and money by harmonizing and consolidating your technology environments.
Managing a complex system architecture gets much easier with a comprehensive integration and application
platform like SAP NetWeaver. With SAP NetWeaver, you can better manage your existing infrastructure and implement new business processes more quickly. A good indicator of successful harmonization is the ability to perform end-to-end business processes seamlessly across the enterprise, as well as with customers and vendors.
Step 2: Harmonize Your Processes
In today's marketplace, there's an ever-increasing need for information to be integrated across a company. When an enterprise can truly compare like information using SAP as the single data source, global performance management and business insights are more powerful.
Additionally, changing regulations, international accounting standards, and shareholder expectations require a new level of transparency. Companies must harmonize their processes to increase the speed of their reporting, widen the scope of information included in reports, and ensure the accuracy of their results. A properly designed SAP solution has the flexibility to support these requirements.
Step 3: Harmonize Your Organization
To support these complex systems and processes, your organization must be aligned and trained. Companies should focus on cross-function processes, such as purchase-to-pay, to ensure accurate and complete information is captured. A knowledgeable and streamlined organization can support complexities that otherwise complicate standard process flows like complex manufacturing, international considerations, and outsourced process components.
The Accenture Finance & Performance Management global service line, along with Accenture's Alliance Partners, has developed a comprehensive set of practices, benchmarks, and offerings to help clients achieve high performance. We position Finance in the middle of an enterprise solution like SAP, connecting Finance with other areas of the business. We help organizations assess their situation and map out a plan to achieve new levels of efficiency. In many cases, the necessary functionality already exists within your SAP solution or can be added with reasonable effort.
It's never too late to start improving your technology, processes, and organization — and never too early to unleash the hidden value in your SAP investment.
Accenture is a global management consulting, technology services, and outsourcing company. For more information, visit www.accenture.com.
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| |Managing Outsourced A/P Business Processes with dolphin's Process Tracking System for SAP Accounts Payable (PTS-AP)
dolphin IT-Project and
As SAP customers consider outsourcing their core business processes, they are faced with the challenge of selecting IT systems and offshore business models appropriate for their organization.
Driven by an urgent need to enhance competitiveness and drive costs down, more and more companies are using dolphin's Process Tracking System to bring process control and visibility to what is now a geographically distributed business process.
Process Tracking System (PTS) by dolphin
Companies that outsource core business processes have found that, in addition to traditional business challenges, visibility and process control become
The Process Tracking System for SAP Accounts Payable (PTS-AP) by dolphin is a best-practice, turnkey solution that addresses traditional business challenges, such as ad hoc approvals, invoice prioritization, and invoice duplicates. PTS-AP also provides the technology for a variety of offshore business models by overcoming the challenges of process transparency and invoice tracking across geographies.
PTS-AP streamlines and automates the accounts payable process using SAP workflow and imaging technology. In addition, PTS-AP provides comprehensive, real-time data on transactions, business documents, and processes to optimize process control and business management.
Hybrid Delivery Model
PTS-AP supports the hybrid delivery model, widely used process model for outsourcing accounts payable. This model maximizes efficiency in resources and costs by taking advantage of a company's local presence and current method of receiving accounts payable documents. Offshore services are also used to complete processing of inbound vendor invoices or credit memos.
Figure 1 demonstrates the process flow for a typical accounts payable process. Ideally, 20%-30% of work is done onsite while 70%-80% is sent offshore.
|Accounts Payable Hybrid Delivery Model Process Flow
The hybrid delivery model is successful because it enables clients to directly interact with local vendors through an onsite team while simultaneously enjoying the benefits of offshore facilities.
One of our customers, a large Fortune 500 water treatment manufacturer, uses PTS-AP to process about 4,000 accounts payable documents per week. Documents are received locally in the US and processed in Bangalore, India. PTS-AP provides the automation and transparency needed to successfully implement this process.
For more information on the potential of hybrid offshore outsourcing using dolphin's Process Tracking System, visit www.dolphin-corp.com, contact us at
+1 248 608-8353, or email firstname.lastname@example.org.
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|Increase Sales and Reduce Cost by Providing Your Customers with Flexible Payment Options
Imagine that a potential customer is ready to purchase your product or service, but you have to turn that customer away because you don't offer a payment option that meets their needs. How do you avoid losing that sale?
Your company has made a significant investment in your SAP system, you've poured R&D time and money into your products or services, and you've invested in a dynamic and knowledgeable sales force. But you lack the flexibility to offer customers varied and flexible payment options.
So how do you empower the payment process and offer customers the payment options they demand while leveraging your existing SAP infrastructure, protecting against costly payment fraud, and mitigating credit risk?
Paymetric's SAP-Certified Enterprise Payment Solutions
While SAP provides credit card processing capabilities, ensuring functional continuity between multiple SAP components and your financial institutions can be challenging. Paymetric's XiPay Server is an SAP-certified solution for processing credit card and other payment transactions. Paymetric solutions deliver fully integrated SAP connectivity, allowing you to consolidate and automate payment processing throughout your enterprise and deliver exceptional business efficiency.
For example, with XiPay you can increase sales by leveraging accounts that may not be credit-worthy for traditional Accounts Receivable billing. By accepting these orders contingent upon credit card approval, you enhance sales and distribution while mitigating risk.
Complete SAP Integration
Paymetric's certified SAP Adapters ensure seamless processing with your existing SAP applications (including SD/FI, CRM, Biller Direct, Internet Sales, IS-Utilities, IS-Media, etc.), as well as your Web and legacy applications.
To the end user, Paymetric's solutions are so naturally integrated they appear as an innate part of standard SAP screens. For the business manager, this native integration means your sales, customer service, and financial processes can operate with unprecedented smoothness and efficiency, without extensive training or business process modification.
Extending SAP's Financial Management Capabilities
Paymetric has also designed a number of SAP Extensions to enhance the capabilities of the native SAP Payment Card Interface (PCI), providing items such as credit card number encryption, sophisticated reporting, Open Accounts Receivable Clearing, and transmission of Level III enhanced data.
Paymetric allows you to efficiently extend your payment capabilities with:
||Automated batch settlement
||Efficient payment processing
||Encrypted credit card data
||Real-time credit card authorization
Especially with B2B commerce, customers now demand fast, flexible, and secure payment options as an integral part of the complete business relationship. Paymetric solutions enable enterprises to provide these services.
High-Level Customer Service
With Paymetric's enterprise payment solutions in place, customers have the fast, secure payment options they demand. Plus you meet your needs for efficient and cost-effective transaction processing while also mitigating risk, increasing sales, and reducing costs.
Paymetric's Solutions Consultants identify and discuss your business requirements for integrating XiPay within SAP. As an SAP Development Partner with a licensed SAP system
in-house for development and support, Paymetric delivers solutions based on first-hand industry expertise, proven methodology, and technical excellence.
To request an online demonstration of Paymetric's XiPay with SAP Certified Integration, visit www.paymetric.com/contact.htm, email us at email@example.com, or call +1 713 682-0929.
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| |Managing Change in Extensive SAP Landscapes with Rev-Trac
Chief Executive Officer,
Concepts Pty Ltd
Companies today must manage change in their information systems more attentively, especially in the wake of the Sarbanes-Oxley Act. But even beyond compliance, businesses are making more system changes than ever before. Change management is no longer just a technical issue — it's become business-critical.
A Fully Integrated Solution
SAP environments are constantly in a state of flux, especially in large, international organizations with extensive information access needs. IT divisions often find themselves in a dilemma — they would like to enhance SAP's own change management features, but doing so using add-ons can create unexpected complications.
Rev-Trac change management
software helps solve this dilemma.
Rev-Trac's integration with SAP systems is fully SAP-certified, the software occupies its own namespace, and all change management functions are available from a single SAP transaction.
One Change, Multiple Perspectives
Users involved with changing SAP
solutions see change from different perspectives. Business users want to know about overall progress — for example, the status of a new financial report — while technical experts focus on the components required to resolve each issue. Rev-Trac intercepts every system change and requires users to relate it to a business issue with an appropriate set of approvals. From the Rev-Trac Console (see Figure 1) users can access a range of reports that correlate the business and technical views of all changes with drill-down in each direction.
|Rev-Trac Provides All Change Management Functions from a
Single SAP Transaction
Rev-Trac, RSC's SAP-specific change management solution, makes the meaning of system changes visible to all, reduces inadvertent parallel development, cuts overwriting errors, and provides a complete audit trail for every change. The result is a dramatically improved bottom line, both from a cost and compliance standpoint.
What's more, because Rev-Trac lives in SAP, TCO is very low. There are no hidden extras and no additional network security, disaster recovery plan, database administration, or desktop rollout requirements. Since you're running SAP, you've already got all you need to run Rev-Trac.
To manage change, especially in today's regulated business environment, an integrated change management
solution is essential. For more information on Rev-Trac for SAP, visit www.rev-trac.com.
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