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SAP BRIM Integration with Vertex Tax Solution

Acuiti Labs can provide the expertise and resources needed to streamline the integration of SAP BRIM with Vertex tax solution, improving your tax compliance and reducing the risk of errors or delays in your billing and revenue management processes.<br>Contact us now for more details!

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SAP BRIM Integration with Vertex Tax Solution

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  1. Feb 2023 SAP BRIM Integration with Vertex Tax Solution

  2. Introduction • SAP provides a tax interface system that is capable of passing required data to an external tax system that determines tax jurisdictions, calculates taxes, and then returns these calculated results back to SAP. The tax interface system also updates the third party’s software files with the appropriate tax information for legal reporting purposes. • External tax systems, such as Vertex, can integrate with subscription order management and contract accounts receivable and payable to calculate sales, use tax externally, and record the tax data for a later tax return.

  3. What is Vertex Tax Solution? • Vertex Tax Solution is a third-party tax software that integrates with SAP to automatically calculate the indirect taxes on sales and purchases of goods and services. It is an exception-based system. By default, all the transactions are considered “taxable,” unless you identify an exception. • Vertex’s product range includes various series, but the “Vertex Indirect Tax O Series” is the latest one. It can be deployed on the SAP cloud, on-premise, or as a hybrid.  • The diagram besides explains the general process flow of the Vertex O Series:

  4. How does taxability determine?

  5. Data Flow between SAP S/4HANA-BRIM and Vertex Tax Solution

  6. Why Choose Acuiti Labs? • Acuiti Labs helps businesses integrate and optimize SAP BRIM (Billing and Revenue Innovation Management) solutions. We have expertise in areas such as subscription billing, revenue recognition, and taxation. • We can help you configure Vertex tax solution and integrate it with your SAP BRIM platform. This includes setting up tax jurisdictions, rates, and rules in Vertex, as well as configuring the SAP BRIM platform to handle the tax calculations and reporting. • In addition, Acuiti Labs can help you with testing, and provides ongoing support to ensure a smooth and successful integration between your SAP BRIM and Vertex tax solution. • Overall, Acuiti Labs can provide the expertise and resources needed to streamline the integration of SAP BRIM with Vertex tax solution, improving your tax compliance and reducing the risk of errors or delays in your billing and revenue management processes.

  7. Thank you • Acuiti Labs872, Salisbury House, London EC2M 5QQ • info@acuitilabs.co.uk • +44 (0)20 7101 9405 • www.acuitilabs.co.uk

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