SAP Tax Compliance
Streamline and automate tax compliance checks to reduce risk and potential tax issues.
Rapid Calculation of Tax Liabilities and Compliance for Indirect Taxes
SAP Tax Compliance is a solution that helps businesses manage tax control and compliance processes. It automates tax audits using predefined rules and scenarios to help verify the correctness and completeness of tax data and documents. The solution identifies and classifies potential tax risks and provides analysis and reports on these risks.
Continuous monitoring of transactions and operations ensures compliance with tax requirements and adaptation to changes in tax laws. The solution integrates with internal and external systems to collect and analyze data, while also maintaining documentation and audit logs. SAP Tax Compliance provides detailed reports and analytical summaries of tax audit results and uses analytical tools to evaluate the effectiveness of tax control.
Benefits of SAP Tax Compliance
Better tax control management
Automated screening
Machine learning capabilities
Increased quality of tax data
Compliance cost minimization
Consolidation of tax compliance activities
Key Features
Automated tax calculation
- Automates the calculation of taxes to ensure accuracy and consistency.
- Updates regularly to reflect changes in tax laws and regulations.
Tax reporting
- Generates detailed tax reports for various jurisdictions.
- Ensures that reports meet the requirements of tax authorities.
Data integration
- Integrates with other SAP modules like SAP ERP and SAP S/4HANA, providing a single source of truth for tax-related data.
- Enables real-time processing and reporting of tax data.
Tax determination and jurisdiction handling
- Supports tax determination for multiple jurisdictions and tax types (e.g., VAT, GST, sales tax).
- Configures tax rules and rates based on specific business needs and legal requirements.
Compliance monitoring
- Maintains a detailed audit trail of all tax-related transactions and changes.
- Provides alerts and notifications for potential compliance issues.
Advanced analytics
- Offers advanced analytics and reporting tools to analyze tax data and identify trends or anomalies.
- Features customizable dashboards for monitoring tax compliance status and KPIs.
Integration with external systems
- Supports integration with external systems and tax authorities for seamless data exchange.
- Can be integrated with third-party applications for enhanced functionality.
Risk management
- Identifies and assesses tax compliance risks.
- Provides tools and strategies to mitigate identified risks.
Security and compliance
- Ensures data security through robust encryption and access control mechanisms.
- Complies with various regulatory standards for data protection and privacy.
SAP Services We Offer
SAP Consulting
SAP Implementation
SAP Integration
SAP Application Management Services (AMS)
Customers’ Success Stories
Developing Mobile Solution for a Banking Company
LeverX developed a mobile solution that allowed the banking company to improve customer service and increase customer satisfaction.
Fintech Solution Development for a Group of Banks
LeverX provided the client with several solutions that ensure smooth bank performance in several ways, from providing additional security to facilitating operations and improving revenue growth.
Data science solution development for the fintech sector
Merchant recognition solution based on machine learning.
Software Solution for Strategy Management
LeverX Group architected and developed a complex cloud-based system to manage strategic initiatives and company-wide scorecards based on live KPIs provided by a wide range of external systems.
Solution Development for Integrating Regulatory Compliance In the End-to-End Product Development
LeverX Group assisted with facilitating the efficient and compliant delivery of medicinal products.
Solution Development for Leveraging the Power of SAP S/4HANA and SAP BTP
LeverX Group assisted with solution development to automate and improve the clinical supplies process and gain better visibility into the status of clinical supplies worldwide.
Industries we serve
Why choose LeverX?
Global system integrator
- LeverX is an International company with 14 offices in 9 countries that specializes in SAP Implementation and customization.
- Full-cycle technology consulting, development, and cost-effective implementation services for successful business transformation and sustainability.
- We offer custom software development services to companies to deliver tailor-made solutions that cater to clients' specific requirements.
Technology & Management
- Short engagement ramp-up and project set-up, strong management
- Continuous investment in innovation and early adoption of cutting-edge technologies (Data Science, IoT, Artificial intelligence, Big Data, Blockchain etc.)
- Creation of projects in accordance with ISO 9001, ISO 27001, ISO 22301, ISO 55001 quality and safety standards.
Experience
- 20+ years of working with SAP solutions. LeverX is an SAP-certified partner and preferred vendor.
- 1 600 IT-experts with deep knowledge of the latest SAP technologies and solutions.
- 950+ successful projects. We help companies of all sizes and across various industries to leverage the power of SAP.
The way to success with LeverX
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If you are looking for an SAP Global Strategic Supplier or Technology Partner for your business, fill out the form below, and we will contact you at short notice.
FAQ
SAP Tax Compliance is a solution designed to help organizations manage and automate their tax compliance processes, ensuring adherence to regulatory requirements and minimizing risks of non-compliance.
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What happens next?
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1
An expert will reach out to you to discuss your specific migration needs and requirements.
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2
We will sign an NDA to ensure any sensitive information is kept secure and confidential.
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3
We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.
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