Preparing Your Business for Global Growth: Streamlining Cross-Border Tax Compliance
As consumers have shifted toward digital engagement with brands and retailers during the COVID-19 pandemic, the opportunity to expand and reach customers globally has never been bigger. But as you build your strategy for international growth, one of the biggest challenges you will face is ensuring compliance with the many tax and regulatory requirements of the countries and regions where you will be doing business.
Depending upon your business model and plans for expansion, there are a variety of tax and compliance requirements that you will have to comply with – from Value Added Tax to trademark tax, import and export taxes, etc. And while Oracle applications offer some capabilities to help address these requirements, without the right strategy and tools, cross-border tax compliance can become very difficult and costly to manage.
In this webcast, learn about best practices and insights that organizations can use to streamline global tax determination and compliance, including:
- The current global tax and regulatory landscape and what you need to know to ensure cross-border tax compliance.
- How to extend the capabilities of your Oracle applications with Vertex tax solutions to reduce manual processes, streamline tax determination and reduce risk.
- Case studies, metrics, and shared learning from peers.
The Future of Tax is in the Cloud
The cloud computing market is booming, with Gartner projecting the industry to exceed $331 billion by 2022. That’s no surprise considering the benefits include cutting costs, improving data quality, increasing security, and ensuring reliability.
Check out these stats, based on a survey of IT professionals, to learn why your organization should upgrade its tax applications or migrate them to the cloud.
Companies that migrate their tax applications to the cloud accelerate digital transformation and experience many benefits:
- Improved data management
- Increased process automation
- Faster access to new functionality
- Enhanced security
- Decreased costs
- Easier implementation
Manufacturers and Distributors Modernize Their SAP Solutions to Address Tax and Technology Challenges
The wave of digital transformation that has prompted businesses to migrate some applications to the cloud and re-evaluate process efficiency has officially hit the Manufacturing and Distribution (M&D) industry. In anticipation of the next worldwide crisis, M&Ds can refocus on their core businesses, streamline and automate tax management, and redesign their supply chains to be more flexible, scalable and risk-tolerant.
In this white paper, we share key learnings from IDG’s Research MarketPulse Survey that uncover the challenges IT and finance leaders at M&D organizations are facing today, and the drivers behind their current and future technology plans.
5 Reasons to Automate Sales And Use Tax Compliance
Ensure Peak Performance In The New Business Environment
Monthly sales and use tax compliance can be a massive burden for your finance department. If you’re looking for ways to control costs and make smart investments, automating these processes in-house using tax compliance technology — or outsourcing them — can deliver measurable business benefits like:
- Reducing audit risk
- Boosting staff value and ROI
- Cutting costs
- Improving governance and controls
- Enhancing scalability
State of the Market for Enterprise Cloud Deployment for SAP Users
This special report compiles all the research found when SAPinsider surveyed 116 members of their community. The purpose of the survey was to determine what is critical to their cloud deployment, which cloud providers and deployment models they are using, and what workloads they are running in the cloud. In this special report, learn what drives organizations in their approach to enterprise cloud deployment, discover the top requirements and tools for cloud deployment strategies, and gain your strategy guidance for optimizing cloud deployment processes.
Why Tax and IT Need to Work Together When Migrating to SAP S/4HANA
The collaboration of tax and IT departments can ensure optimization of processes, while the tax customizations are also considered. In this white paper, learn how these teams can work together to enable business growth, improve compliance and efficiency, all while ensuring a smooth rollout for IT.
Reimagining Supply Chains in the Wake of COVID-19 Disruptions with SAP and Mirakl
Consumers worldwide responded to COVID-19 outbreaks by hoarding products, and disregarding brand loyalty, which greatly impacted supply chains. In this e-book, learn how to remedy supply chain disruption by understanding technology choices to better manage supply chain challenges.
Manufacturers and Distributors Modernize Platforms and Solutions to Address Tax and Technology Challenges
The wave of digital transformation that has prompted businesses to migrate some applications to the cloud and re-evaluate process efficiency has officially hit the Manufacturing and Distribution (M&D) industry. Having shifted their sourcing to a handful of large overseas suppliers over the past decade, many companies were unprepared for COVID-19 lockdowns that increased demand for certain materials and introduced new business models and shopping habits as global supply chains were disrupted. In anticipation of the next worldwide crisis, M&Ds can refocus on their core businesses, streamline and automate tax management, and redesign their supply chains to be more flexible, scalable and risk-tolerant.
In this white paper, we will review some highlights from IDG’s Research’s MarketPulse Survey of employees at M&D organizations with revenues of between $250 million and $1 billion. The purpose of the research was to better understand from M&D employees the drivers behind decisions, challenges they are facing today, and any future-state technology plans.
Vertex Indirect Tax Solutions in the Oracle Cloud
Vertex Indirect Tax O Series, powered by Oracle Cloud Infrastructure, is a strategic collaboration that enables companies who are running their Oracle applications on OCI, to leverage Vertex Indirect Tax O Series, a best-in-class enterprise indirect tax solution, on the same platform.
During this webcast, learn how our joint customers can build, deploy, integrate, and extend Vertex tax solutions in the Oracle Cloud. We will also discuss how we ensure that rigorous security and performance standards are and continue to be met.
Digital Transformation Demands a New Approach to ERP with Oracle Fusion Cloud ERP
When selecting an enterprise resource planning (ERP) system, executives often overlook the power it holds today and the importance of tax compliance. Some organizations still believe that the operational systems that have supported their companies in the past, will help to do business in a new way as they grow. However, ERP can be a significant impediment to modernization if the processes encoded in the software are inflexible or bind the company to outmoded ways of doing business.
In this white paper, learn about factors which IT leaders should consider when planning for an ERP transformation along with business transformation, the significance of choosing a tax-aware ERP and how the right ERP solution can accelerate the pace and benefits of transformation.
Case Study: Reducing Audit Risk with Vertex and Oracle Fusion Cloud ERP
In this new normal, many companies are evolving their business models to keep up with the ever-changing times. In this webcast, Vertex and Deloitte thought leaders discuss how they helped transform Arcadis’ Accounts Payable and Purchasing processes by implementing Vertex tax automation for Oracle Fusion Cloud ERP. Hear from Arcadis, a leading global design & consultancy firm, as they share their challenges and how with the help of tax automation, were able to eliminate tedious, time-consuming, and repetitive processes that allowed their staff to focus on higher-value work.
Viewers will learn how an automated tax solution can give their organization scalability and flexibility while helping improve the accuracy of sales, use, and value added tax calculations on transactions, ultimately reducing audit risk.
Accelerate Tax Automation Integration for Oracle Fusion Cloud ERP
The world of indirect tax never stands still. With constantly changing tax rates and rules, tax automation technology can help companies keep up to date and stay compliant. Understanding the need to streamline the tax engine integration process and ongoing updates to tax content, we developed the Vertex® Indirect Tax Accelerator for Oracle Fusion Cloud ERP. Our tax integration solution leverages an intuitive user experience design and is available for on-premise, on-demand, and Oracle Fusion Cloud ERP.
In this webcast, hear insights on this exciting new release and learn how companies can:
- Realize the full potential of the Vertex® Indirect Tax Accelerator for Oracle Fusion Cloud ERP
- Benefit from the basic setups and advanced activities like rules-based parameter mapping
- Utilize the import master data setup from Oracle Fusion Cloud ERP to accelerate implementation time and reduce data entry risks
- Understand how our simplified and comprehensive tax integration solution will allow intuitive monitoring of various transaction flows
Vertex & Oracle Retail Solutions for Today’s Marketplace
The retail sector has been hit hard by an abrupt change in business. Those organizations that were able to pivot to an online sales model have greatly improved their chances at survival and even growth. With these changes, tax becomes an important piece in your new business strategy.
In this on-demand webcast, we’ll explore evolving consumer behaviors, legislative changes, and the emerging business landscape within the retail industry. We’ll cover how these shifts affect indirect tax and the importance of cloud-based solutions for tax collection, reconciliation, and reporting. To put it all together, we’ll share use cases and best tax practices for retailers that can help industries across the board as they adapt to this new reality.
Accelerating the Transformation of Finance with Vertex and Oracle Cloud
According to a recent survey by McKinsey, the pandemic has accelerated organizations’ digital transformation of customer and supply chain interactions, as well as internal operations by as much as 3 to 4 years. CFOs, CTOs, and CIOs are being forced to rapidly reimagine processes, platforms, and accessibility to not only plan for the reality of future challenges from new forcing remote operations, but also streamline operations to remain competitive.
Vertex, KPMG, and Oracle are driving the transformation of finance through cloud-first initiatives that produce comprehensive and connected solutions all tightly coupled and accessible through our cloud platforms.
Watch this webcast to explore:
- Common business, regulatory and organizational drivers, and goals for transformation
- Migrating to the Cloud: Recommended platforms, tools, and processes to streamline your financial operations, reduce risk and improve compliance today and tomorrow
- Case studies, metrics, and shared learning from your peers
- KPMG’s best practices for integrating Vertex with Oracle Cloud, including how to plan for and tackle a challenging implementation as well as how to avoid some common traps in an Oracle Cloud/indirect tax transformation journey
The Great Pivot: 5 Ways Retailers Can Adapt and Grow Their Businesses
Retailers experienced an era like no other when COVID-19 spread worldwide. Shopping switched from in-store to online nearly overnight. The supply chain experienced unprecedented upheaval in product availability and pricing, and purchasing patterns reshuffled product category priorities. As a result, brands had to quickly shift their operations to serve customers and protect revenue in a time of deep uncertainty.
The pandemic upended the retail landscape, but a measured recovery has already begun that will require new approaches and greater agility than ever before. Brands with a strong reinvention approach — one that leverages the latest technology tools and seamlessly supports complex transactions and multi-layered compliance obligations — will successfully navigate the new paradigm and strengthen their market share.
In this e-book by Retail TouchPoints, sponsored by Vertex, Oracle and KPMG, learn some of the core ways retailers can pivot to meet the new pandemic realities, including transformation tips to expand revenue, enhance operations, and maintain compliance.