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Clunky, outdated legacy finance systems typically get by on temporary fixes and adjustments but can’t handle the sheer number of complex financial transactions global companies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.
Converting CentOS Linux to Red Hat Enterprise Linux
With the announcement that the CentOS Project will discontinue updates and releases of CentOS Linux® version 8 on Dec. 31, 2021 and of version 7 on June 30, 2024, many organizations began the process of reevaluating their IT environments and started to plan for a migration.
If your organization needs a production-grade operating system to run critical business systems, migrating to a fully supported Red Hat® Enterprise Linux subscription with a predictable life cycle and extensive partner ecosystem is a straight-forward process that results in a deployment with a similar user experience to that of CentOS Linux. Learn more in this overview.
State Of Linux in The Public Cloud
More and more workloads are moving to public clouds. When it comes to hybrid cloud success, consistency is key. When an operating environment is flexible, consistent, resilient, and security-focused, the overall application and user environments inherit that consistency. That consistency starts with Linux®. Read this e-book to learn more about the value of Linux for today's business cloud strategy.
Simplify Cloud Security with Red Hat And AWS
As cloud adoption grows, security continues to be a leading concern for organizations of all sizes. In fact, 79% of organizations cite security as a top cloud challenge. This concern is with good reason—45% of breaches in 2022 occurred in the cloud. To protect your business, you need the same level of security policy and access controls in the cloud that you have on-site in your datacenter.
This overview describes how using Red Hat® Enterprise Linux® as your operating foundation across your datacenter and Amazon Web Services (AWS) cloud environments helps you:
- Detect and remediate vulnerabilities at scale with Red Hat Insights.
- Ensure compliance with standards certification and built-in scanning and remediation.
- Streamline security configuration and management with automation.
Download the overview to learn how Red Hat and AWS help create the consistency you need to maintain security and compliance.
5 Surprising Benefits of Moving from Centos Linux to Red Hat Enterprise Linux
Some organizations think that using an unpaid, unsupported operating system is a way to save money. However, Red Hat® Enterprise Linux® has a lower total cost of ownership over time. In this infographic, learn how Red Hat Enterprise Linux can help you reduce costs, streamline migration, gain data insights, and enforce security—all while maintaining your preferred software, hardware, and cloud vendors.
Benefits of Migrating from CentOS Linux to Red Hat Enterprise Linux
The CentOS Project will discontinue updates and releases of CentOS Linux® between 2021 and 2024. As a result, CentOS Linux users must migrate to a new operating system to continue receiving updates, patches, and new features. While implementing a new operating system may seem tedious, it also presents an opportunity to reassess your organization’s needs and choose a platform that will better support your business now and in the future.
A consistent, intelligent operating foundation for modern IT and enterprise hybrid cloud deployments, Red Hat® Enterprise Linux delivers optimal benefits for your organization. Because CentOS Linux is derived from Red Hat Enterprise Linux sources, you can continue to use many of the same techniques and elements while gaining more features, tools, support, and value.
Compared to organizations that use unpaid alternatives like CentOS Linux, Red Hat Enterprise Linux users experience:
- 16% lower three-year cost of operations.
- 32% more efficient IT infrastructure teams.
- 35% faster development life cycles.
- 81% less unplanned downtime.
Download the overview to get all the details.
A Path to a Secure and Stable Linux Platform
Securing your Linux platform is a full lifecycle activity — from architecture through design and deployment, and on to decommissioning.
With the increasing number of intelligent devices utilizing open source software (OSS), security vulnerabilities are more prevalent than ever. Unaddressed Common Vulnerabilities and Exposures (CVEs) can cause excessive technical debt that ultimately weighs on the success of an embedded project. Unaddressed security vulnerabilities and defects can expose your organization to serious risk, leading to reputation damage, financial impact, and even product failure. Security management is a full lifecycle activity. Embedded software teams must be committed to ongoing threat monitoring, rapid assessment and threat prioritization, and timely remediation.
Taking The Lead on IT Automation
As IT automation becomes a critical element in digital transformation and for achieving other top business goals, IT leaders must not focus solely on technical matters like selecting the right technology. They should also become evangelists by developing a strategic vision for IT automation and serving as a proponent of culture change to overcome the resistance present at many organizations today.
The IT Automation Imperative
Cloud adoption is growing, but these environments also bring new operational challenges. IT automation can help you maximize the value of your cloud investments to support digital initiatives and innovation, at scale. Red Hat® Ansible® Automation Platform delivers all of this and more, allowing you to implement effective cloud and enterprise-wide automation. Read this e-book to learn how automation can help you deliver business outcomes across your hybrid cloud environment.
Network Automation for Everyone
Network management has remained largely the same for decades despite substantial change in network technologies. Traditional approaches cannot keep up with rapidly-evolving developer needs and application requirements, so more organizations are implementing automation into network services management. Automating network management provides more control and visibility into network resources. This e-book covers the benefits of modernizing your network with Red Hat® Ansible® Automation Platform.
Innovate with Automation
Many organizations are turning to automation to innovate and adapt to change. Ansible and the open source community continue to expand the possibilities of automation. Real Red Hat® Ansible® Automation Platform customers share their challenges, approaches, and successes across four industries and how they used automation to address their needs while advancing innovation in their industries in this collection of stories.
