The Importance of Financial Systems in the Age of Digital Transformation – Automating Tax Compliance with Oracle Cloud and Vertex Solutions
Companies worldwide are in the midst of a rapid digital transformation that has only accelerated in recent years due to the COVID-19 pandemic. This transformation includes crucial financial systems and the ways in which businesses are handling the myriad of requirements impacting tax determination and reporting.
Clunky, outdated legacy finance systems typically get by on temporary fixes and adjustments but can’t handle the sheer number of complex financial transactions global companies experience today. Especially when it comes to tax compliance calculations involving countless rules and rates, learn why more and more enterprises are shifting to Oracle Fusion Cloud ERP and discover how Vertex's tax solution automates and streamlines those processes.
Reduce Complexity with Integrated Tax Technology
Tax impacts every business transaction. In today’s digital, omnichannel, unified commerce world – customers expect to have the same seamless experience regardless of how and where they decide to engage and purchase from your business and whether you are selling B2C or B2B.
There are a growing number of potential issues that can impact their experience and your organization’s bottom line: from low bandwidth and the inability to accurately calculate tax, to latency and delayed checkouts and more.
Watch this on-demand webcast with Vertex and the Oracle Applications & Technology Users Group (OATUG) to discover strategies to remove barriers to your business growth and customer satisfaction. Key topics covered include:
- Aligning your tax and financial strategies with IT and the business to support growth.
- Applying modern strategies for deploying tax technology such as containerization and EDGE.
- Reducing risk from a tax, regulatory and technical perspective.
Vertex and Oracle: Aligning Finance and IT to Work Together to Achieve Business Transformation
Enterprises often struggle with tax complexity because Finance and IT are not aligned. Manual and siloed tax calculation carries significant risk for enterprises, especially in the face of the ever-changing, complex global tax rules and regulations. Unless systems are seamlessly connected and working together, tax won’t be determined and applied consistently across all transactional systems in the organization.
Yet, with the right systems and integrations in place, organizations can not only extend the value of their ERP system, but also increase accuracy, remove friction, and reduce risk.
In this white paper, learn how integrating a robust, centralized tax engine into your Oracle ERP system can help align Finance and IT and reduce complexity by consolidating tax into a single system that can integrate across all relevant transactional touchpoints.
Completing Your Cloud Migration: Tax Automation in the New ERP Ecosystem
Tax groups have a meaningful opportunity to enhance the value of their organization’s digital transformation effort. This priority, which involves migrating tax automation to the cloud in tandem with larger enterprise resource planning (ERP) cloud migrations is becoming even more time-sensitive.
This white paper examines leading approaches to cloud migration involving tax automation (integrated with cloud-based ERP). The discussions can help tax, finance, and IT groups lay the groundwork for tax automation success after a new cloud-based tax automation solution has been implemented and integrated.
Why Oracle Users Should Move to the Cloud – And Take Their Tax Engine with Them
Today’s businesses are shifting to a digital-first, cloud-first model as more and more customers and clients expect seamless, on-demand access to financial systems and data. At the same time, there is another shift towards tax automation due to ever-changing regulations and compliance requirements – which will continue to evolve and become more stringent with time.
To remain competitive and agile in the face of this business complexity and set the foundation to future-proof the business, many Oracle users are considering a digital transformation to the cloud to better manage their business. But what really are the benefits of making such a shift, and how does it impact tax?
In this e-book, we will walk you through:
- The benefits of moving your on-premise ERP to Oracle Cloud.
- Why your tax engine should be included in your move.
- Two migration pathways Oracle users could take, including highlights of Oracle Cloud Infrastructure (OCI) and Vertex Accelerator for Oracle Cloud ERP.
- A summary of Vertex and Oracle’s Partnership.
Digital Transformation
Digital transformation is imperative for enterprises seeking agility and resilience. However, many businesses struggle with a harsh reality: their digital transformation efforts have stalled.
The weight of the existing workload and a constant need to address other lingering issues hinders enterprises from successfully getting through the digital transformation journey. Despite their best efforts, transformation leaders struggle to know how to gain traction.
Low-code vs No-code vs Pro-code
Low-code and no-code technologies are rapidly gaining popularity. They are emerging as the future of application development by enabling organizations to develop apps faster, cheaper, and with fewer resources.
In this webinar we will provide an in-depth comparison of low-code vs no-code vs pro-code. We will also examine the impact of these technologies on the IT workforce and how they are changing the way organizations approach application development.
Join us to explore the benefits and challenges of low-code and no-code technologies beyond the hype.
The All-in-One: The Low-Code No-Code Work Platform
People closest to a problem know how to fix it best. So we empowered business leaders with Kissflow the #1 Work Platform built on low-code/no-code paradigm, used by customers across 160 countries. Make your Digital Transformation journey smart & simple. Try Kissflow today!
Atlas Roofing Streamlines Processes
Atlas Roofing wanted to build streamlined processes that allowed them to track approval and change requests. They were on the lookout for a workflow tool that allowed them to create processes with ease and provided a clear view of the status of each process. Kissflow fit their requirements to a ‘T’.
Since 2014, Atlas Roofing has been a proud customer of Kissflow. They’ve leveraged the platform to automate processes related to production, finance, and HR. This has saved them countless of man-hours that would otherwise have been wasted doing everything manually. In addition, they’ve also saved thousands of dollars in operating costs.
The Complete 2023 PPM Software Buyers Guide for PMO’s
You may think that the best PPM software is the one that fulfills all 150 of your requirements. It’s not true; we have seen companies create a long list of requirements and select the solution that best fit those requirements only to go on to waste hundreds of thousands of dollars and scrapping it later because users did not like the solution. Usability and adoption are king.
In this guide we will give you some straight talk to help you consider the important factors when selecting portfolio management software including:
- Organizational maturity
- Usability (versus complexity)
- Cost to implement (value gap)
- Capabilities (to avoid unnecessary complexity)
- Organizational change
- Portfolio management expertise
Project Management Software versus Project Portfolio Management Software
In terms of software, project management software is really focused on managing individual projects and can help communicate information about a specific project. Project management software is commonly used by Project Managers and the project team members. Portfolio management software though is focused on the entire portfolio of projects to give senior leaders holistic visibility of those projects. Portfolio management software helps senior leaders to make better strategic decisions.
Now that we have established the difference between project and portfolio management, let’s start looking at the differences between project management software and portfolio management software. Keep in mind that there are in fact some overlaps between project and portfolio management software.
How to Effectively Prioritize Projects
Portfolio management is about maximizing organizational value delivery through programs and projects. In order to maximize value delivery, the governance teams that approve work and prioritize projects need to share a common view of “value” in order to select the most valuable work and assign the right resources to that work.
Understanding the relative “value” of each program and project in the portfolio is at the heart of portfolio management and determines what work is selected, how it is prioritized, where resources are allocated, etc. In order to select a winning portfolio, every governance team needs to share a common understanding of value; without it, you’ll fail to realize the full potential of your portfolio.
Best Practices for Resource Capacity Planning
Resource capacity planning is one of the most commonly cited functions of project portfolio management. Senior leadership rightly wants to understand whether they have adequate resources to take on more project work and whether their existing work will get done on time. Most companies recognize the scarcity of resources to do project work and thereby look for portfolio capacity views to answer these two important questions:
- When can we take on new projects?
- Can we get our existing work done?
Implementing Qntrl for A Business
Qntrl is a workflow orchestration software with powerful features that helps you gain visibility and control over your business processes by automating them.
Qntrl helps you overcome these challenges by designing and automating your organization’s workflows. You can digitize your entire workflow and transfer tasks between teams efficiently.
How Movyon Is Scaling Its Operations and Productivity with The Power of Qntrl
MOVYON is a leader in the development and integration of intelligent transport system solutions and a center of excellence for research and innovation at Autostrade per l’Italia.
MOVYON needed clear statuses for their various purchases and customer orders, and the logistics and procurement offices were constantly being interrupted with notifications asking for updates.
