Vertex, a leading provider of tax technology and services, announced enhancements to its solutions integration with SAP Ariba Buying and Invoicing, providing customers with timely, advanced tax insights within their procurement and supply chain processes.
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@VertexInc enhances integrated #tax solution for @SAPAriba to deliver advanced capabilities for #procurement and supply chain processes:
Vertex launched an SAP Ariba Tax API and the Vertex Indirect Tax for Procurement with SAP Ariba app extension in 2018, enabling companies to obtain tax calculations from within SAP Ariba Buying and Invoicing, while also supporting the requisition and invoice reconciliation phases of the tax process. This integration with SAP Ariba solutions helps calculate tax at the purchase requisition, invoice reconciliation and final tax determination phases, carrying tax from the purchase requisition to the purchase order. The integrated solution is now enhanced to distinguish between vendor charged, buyer payable, self-assessed and value-added reverse charge taxes, as well as multiple levels of jurisdictions.
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SAP Ariba solutions provide collaborative commerce capabilities from sourcing and orders through invoice and payment along with expertise to help customers optimize their spend. The solutions drive simple, intelligent exchanges between millions of buyers and suppliers across both direct and indirect expense categories.
“Due to varying tax rules and rates, determining accurate tax to report and remit can be difficult for retailers, manufacturers and distributors buying and selling goods across state lines,” said Brian Wilchusky, director of SAP global partnership at Vertex. “Our continued investment in the technology platform and status as an SAP silver partner underscore our commitment to helping businesses navigate compliance and reduce audit risk in an age of increased tax complexity.”
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