Tax Automation

The Vertex Tax Performance Engine is the heart of Vertex Enterprise and a sophisticated data management technology solution. The Tax Performance Engine collects all the detailed and consolidated financial information that tax needs from any number of disparate systems. It then allows you to unify, validate, enrich, and access the massive amounts of global data your tax department needs across the tax lifecycle – now and in the future, according to Tax’s needs. This creates opportunities to monitor actual vs. planned outcomes, and to mine global tax data for insights and for competitive advantage – at the tax, finance, and executive levels. The Vertex Tax Performance Engine powers every phase of the tax lifecycle – including planning, provision/accounting, compliance, and audit.

Learn more about the advantages of Tax Automation and Intershop Communications AG! We would be glad to provide reference cases and integration best practices. If you need further information, please contact us.

Solution Capabilities

  • Imports data from hundreds of sources – and exports data to multiple tax applications and reporting/analytics tools
  • Supports multiple currencies and accounting ledgers
  • Stores current and historical financial data from accounting systems
  • Extract raw financial and transaction data for tax purposes
  • Validate and reconcile data before leveraging it for tax purposes
  • Capture data from the general ledger by entity and subledger, including the underlying detailed transactions as desired
  • Automate complex, repeatable processes, including book/tax differences for all jurisdictions, state apportionment factors, and earnings and profit calculations
  • Group legal entities by tax jurisdiction
  • Support a clear audit trail back to financial system data
  • Streamline key functions across the tax lifecycle while eliminating redundancies
  • Expose data for review and enrichment by subject matter experts at appropriate times and in controlled environments

Tax Automation