Automate VAT determination for sales invoices
Multijurisdictional supply chains cause complexity for VAT determination decisions, for both tax and IT teams. Accuracy of sales invoices is a key element of the determination process and non-compliant invoices can lead to issues along the supply chain, from delayed clearance at customs to cashflow challenges due to rejected invoices or late VAT recovery.
Limitations in SAP functionality mean custom coding is often required to achieve reliable determination decisions, but customisation has cost and maintenance implications across IT, finance and tax departments.
Implementing automation within your SAP software can alleviate these challenges and provide accurate VAT determination functionality for complex transactions within the supply chain.
Your tax and accounting teams can focus their efforts on more business-critical tasks, with confidence in the data for feeding downstream processes such as invoices to trading partners and reporting at the end of each fiscal period.u00a0