Vertex Enhances Integrated Tax Solution for SAP® Ariba®
Vertex, Inc. , 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.
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.
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.”
Customers can easily access Vertex Indirect Tax for Procurement with SAP Ariba on SAP® App Center , the digital marketplace for SAP partner offerings. At SAP App Center, businesses can discover approximately 1,500 innovative partner solutions that integrate with and extend SAP solutions. There, customers can find, try and buy the SAP-validated partner apps they need to grow their business.
Vertex, Inc. is a leading tax software and services provider that empowers global commerce. The company’s mission is to connect customers and partners across all industries to deliver the world’s most trusted tax solutions for businesses to grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex is a privately held company that employs over 1,000 professionals and serves companies across the globe.
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