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United States : Wolters Kluwer, CCH Sales Tax Office Solution Achieves Certified Integration with SAP Applications [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Wolters Kluwer, CCH today announced that the latest version of its premier corporate sales and use tax solution, Sales Tax Office, has achieved certified integration with SAP applications. Sales Tax Office has been proven to integrate with SAP solutions, providing industry-leading tax rate and taxability content with highly accurate jurisdiction boundary information. Business users also benefit from sophisticated logic capable of supporting the most complex sourcing and tax calculation rules. The SAP Integration and Certification Center has certified that Sales Tax Office version 3.8 integrates with SAP to exchange critical data with instances of SAP Business Suite software. We are delighted to announce the successful achievement of SAP certification for Sales Tax Office, said Mark Lawler, Vice President, Software Development for Wolters Kluwer, CCH. The ability of this leading-edge, sales and use tax calculation solution to leverage the business potential of assets provided by solutions from SAP and other vendors will prove highly beneficial to current and future customer engagements. As a result of the certified integration, Sales Tax Office can now provide enhanced functionality and features for SAP users, including: Effortless Set-up Configure the system to meet your specific needs, with options for business entities, business rules, nexus rules, users and functional permissions. Rates and Taxability Stay up-to-date with trusted rate and taxability data from Wolters Kluwer, CCH that s updated monthly with a simple download. SAP material group or product hierarchy values can be mapped to CCH SKU s to activate the groups and items, with customer products, rules and tax rate overrides all supported. Nexus, Jurisdiction and Sourcing Accurately establish nexus and apply data-driven sales tax sourcing rules. Systematically determine which taxes must be collected with advanced geocoding and spatial analysis. Flexible Calculation Increase the accuracy of sales tax calculations by precisely calculating taxes at the line item level, using multiple ship-from and ship-to combinations in a single invoice, managing minimum and maximum tax rules, and handling complex tax calculation routines involving tax brackets, charts and tiered taxes. Consumer Use Tax Processing Perform consumer use tax self-assessments using existing GL account numbers and/or purchase system codes to the standard SAP tax interface that is used to process purchase orders and vendor invoices. Modify the tax interface to apply tax decisions based on account number, configuring rules in Sales Tax Office to identify location, product and service classification, and usage. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company |