SAP Tax Compliance

Streamline and automate tax compliance checks to reduce risk and potential tax issues.

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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.

Better tax control management

The solution provides a centralized, enterprise-wide repository for managing tax controls across the entire organization.

Automated screening

SAP Tax Compliance automates the screening process for all tax-relevant transactions, ensuring their thoroughness and consistency.

Machine learning capabilities

This SAP module utilizes machine learning to accelerate identification and address issues more quickly.

Increased quality of tax data

The SAP Tax Compliance solution enhances the quality of tax data through automated validation and error detection.

Compliance cost minimization

This solution helps businesses reduce the costs associated with tax compliance by streamlining processes and improving efficiency

Consolidation of tax compliance activities

SAP Tax Compliance consolidates appropriate activities within one comprehensive solution, improving overall compliance.

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.

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.

Develop the implementation strategy based on your business requirements and solution capabilities.

DISCOVER

Plan the project and finalize goals. Together, we will determine a project structure, management, tracking, and reporting mechanisms. At this stage, roles and responsibilities in the project team are defined.

Prepare

Verify the project plan. We make sure that the solution and project scope meet your business requirements.

Explore

Customize and integrate SAP components into your IT infrastructure. Our experts configure and further develop the system if required.

Realize

Transfer data from legacy systems into the SAP production system, test the system, and validate roles/authorizations for all users.

Deploy

Run the solution with the provision of go-live support, fixes, and monitoring to smoothly adapt the new software to your business processes.

Run

What is SAP Tax Compliance?

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.

How does SAP Tax Compliance help in managing tax risks?

It automates tax-related processes, identifies potential compliance issues, and provides tools for real-time monitoring and reporting, thus reducing the risk of errors and ensuring timely compliance.

Can SAP Tax Compliance integrate with other SAP systems?

Yes, SAP Tax Compliance integrates seamlessly with other SAP systems, such as SAP S/4HANA and SAP ERP, enabling a unified and comprehensive approach to tax management.

How does SAP Tax Compliance ensure regulatory adherence?

The solution continuously updates tax rules and regulations, ensuring that the organization's tax processes are always aligned with the latest legal requirements.

1

An expert will reach out to you to discuss your specific migration needs and requirements.
2

We will sign an NDA to ensure any sensitive information is kept secure and confidential.
3

We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.