Deloitte Uk Automating Vat Returns Vertex

Vertex Indirect Tax
Deloitte Automating the VAT Return Process Seminar

7 May 2015
Follow us at #VertexExchange
Agenda & Solution Overview
Introduction
Vertex Indirect Tax Returns
Reporting and Compliance
Vertex O Series for Indirect Tax

Global Tax Calculation system
Automating Indirect Tax

Tax Data Management through Vertex Enterprise
3
Q&A
Introduction
Vertex The Standard in Tax Technology
30-year history in tax management and
technology
Global solutions for Indirect Tax
Over 4,000 software installations worldwide
Focused exclusively on tax technology and
content
5
Global Returns Platform

Over 1,100 licences
Well Established and Stable
Supports Returns and E-file
Monthly Updates
Global Licence Options
Multiple Deployment Options
Follow us at #VertexExchange 7
Statutory Returns
VAT Return Replicas

ESLs and Intrastats
Line-By-Line Drill Through
Multi-Language Returns
Culture Support
Filing Reports with CSV Creation
E-File Support (see Roadmap)
Roadmap
Countries Added Quarterly (around 60 countries supported by end of 2015)

Additional Information Reports
E-File capabilities
Planned rollout of mandated countries
Delivery provided through monthly updates
Additional Enhancements Driven by Customers
User Security
SQL Server Authenticated accounts

Role-Based Security
Managing User Roles
Importing Data O Series
Pre-Configured Export
Minimal Mapping in Returns
Pure End-to-End
Content is Synchronized
Importing Data Other Sources
Two Import Types

New Records
Update Existing Records
Importing Data Customize
Rules Simple Field-Specific Overrides
Scripts Allows Complex Code
Filters Removes Unwanted Data
Import Scripts
User created C# code - script code executes during import process
Scripts control movement of data into system
Scripts perform transformations/validations
Similar to Tax Assist in O Series
Script development and maintenance will probably fall on a technical resource
Use Security to control user access to scripting
Scripting guide (API guide) and Development environment available on request
Tax Data
Invoice-Level Details
Customisable Multi-Attribute Data Queries
Additional Spreadsheet Filtering
Administration of Returns
Administrator applies monthly updates
Apply to both the program files and databases
Supplied from the myVertex website at months end
Contains improved functionality and new Research content
Provided tools fully automate the monthly updates
One Global update
Automate client update:
Auto update is built into application
Ability to deploy updates on Active Directory using MSI
Updates are continuous. No annual roll over or reinstall !
The Tax Engine Vertex O Series
Why Vertex O Series?
Ensuring upstream coding quality and consistency
Moving away from:
Manual Processes
ERPs/Finance Systems/eComm platforms embedded with little or no tax content
Tax rate (and TaxCode) need to be set-up and maintained
Selection of TaxCodes in ERPs
Risk of error, lack of consistency; turnover of staff; training/manuals/flow-charts, etc.
Shared Service Centres/outsourcing of AP functions
Lack of local knowledge
Paid to process AP invoices
External Pressures
Greater scrutiny [internal and external]
SOX, SAO, horizontal monitoring, co-operative compliance
Process, process, process
Visibility and openness
What is Vertex O Series?
Vertex O Series is:
A tax calculation engine for global A data repository containing:
indirect taxes Tax Jurisdiction codes
VAT Place of supply rules
Input (Procurement) GST/VAT/Indirect Tax rates
Output (Supplies) Taxability rules per category
Complex Indirect tax systems A range of reporting tools to
India; China; US; Brazil, etc. generate:
A system that interfaces Statutory Reports
with Financial Systems Analytical and underpinning
to process appropriate VAT reports
Vertex O Series Overview
Financial System (ERP)/eCommerce etc
1 Request 4
Response
External Interface
2
TaxGIS [Jurisdiction ID]
Tax Professional
3 Vertex Administration
Central Configuration
Tax Calculation
Tax Workbench
5
TaxGIS TPS Tax Journal Reporting Vertex

Rates | Rules Database O Series
Other data
6
29
sources Vertex Returns
Vertex Indirect Tax Accelerator for SAP ERP
Vertex O
SAP Vertex SIC
Series
Tax Service
SAP Interface Vertex Engine
SAP Tax XML (Calculation and
SAP ECC Enhanced Component
Link Area Jurisdiction
SAP RFC (SIC) Identification)
Data
Vertex Indirect Tax SIC 7.0

Accelerator for SAP Sales
Vertex delivered SAP ABAP CUT
Transport
VAT
Vertex O Series Tax Links For E-Business Suite
Oracle Applications EB Tax Interface Vertex Interface

Sales Defines Touch Translates EB Tax XML
Points w/Oracle Vertex
interface data to Request
CRM OM AR Supplied Vertex
Creates standard Vertex specific
set of APIs based record formats Oracle O Series
on Oracle financial Integration Tax
SVC PB Calls the Vertex tax XML
event packages to
Component Engine
(OIC) Response
Generates perform a service
Purchases WF Notifications Populates results
Extensible into APIs for EB Tax
PO INV AP Attributes consumption.
PC FA
Vertex Tax Links Client
Extension
Sourcing Rules (Company,
POA, Ship-To, Ship-From,
Product, Tax Type, etc.)
Configuration Preferences &
Process Options
31
Embedded Global Content
Strong internal content maintenance processes

SSAE16 process covers content and content process provided
by reputable organisation
Dedicated research team
Content relationships built directly with major expert networks and to the tax
authorities
Changes tied-back to legislation, gazettes, authority announcements, case law, etc.
Commitment to ongoing content development
Tax Data Management
Tax Data Management
Multiple systems, reliance on manual processes, and thousands of man hours to adjust and tax-enrich the data.
Vertex Enterprise
Vertex Enterprise
Vertex Enterprise with Deloitte Analytics
Financial Systems Business / Corporate / Shared Services
Core VAT Return Process
SAP
Operational Reporting - Hindsight

Insights (VAT position -General Ledger)
Vertex O series Vertex VAT determination
Enterprise Partial Exemption Calculation
Trend Analysis
VAT tests
Other
Enrich
Data
Manual Deloitte VAT Data Analytics
Records
Advanced Reporting Foresight
Supply Chain Analytics
Scenario Planning (supply chain business model)
Integration with other taxes (transfer pricing,
customs)
Contact Information
Alan James, Director, Client Solutions

Telephone: +44 208 622 3890
Email: alan.james@vertexgts.co.uk
Andrew Hallsworth, European Manager, Client Solutions
Telephone: +44 208 622 3526
Email: andrew.hallsworth@vertexgts.co.uk
http://uk.linkedin.com/in/andyhallsworth/
Mike Tomlinson, Account Executive
Telephone: +44 208 622 3903
Email: mike.tomlinson@vertexgts.co.uk

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Vertex Indirect Tax

Deloitte Automating the VAT Return Process Seminar

Vertex O Series for Indirect Tax

Automating Indirect Tax

Global Returns Platform

VAT Return Replicas

Countries Added Quarterly (around 60 countries supported by end of 2015)

SQL Server Authenticated accounts

Minimal Mapping in Returns

Two Import Types

TaxGIS TPS Tax Journal Reporting Vertex

Vertex Indirect Tax SIC 7.0

Oracle Applications EB Tax Interface Vertex Interface

Strong internal content maintenance processes

Core VAT Return Process

Operational Reporting - Hindsight

Alan James, Director, Client Solutions

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