Businesses are facing increasing demands from tax authorities, with more reporting required and more of it in real time. At the same time many companies will be soon upgrading their ERP systems as SAP and Oracle will cease to support older versions in the near future.
This gives businesses a unique opportunity to set up their future ERP in a tax and statutory compliant way. However, involving your tax colleagues in the conversation shouldn’t be considered as an add-on at the end of the ERP planning journey. Involve them right from the start to get a full understanding of what is required, and you’ll reap even greater benefits from your new ERP system.
For years Excel has been the mainstay for many financial departments. But with a constantly changing tax landscape, and greater reporting requirements, a more powerful tool is needed. We can help you make the transition from being an excelist to an analyst!
It’s never too early to start planning your ERP update, in fact the earlier the better. And it’s also worth considering that your new system will probably be there for years, if not decades. If ever the expression ‘if a job’s worth doing, it’s worth doing well’ applied, it’s with an ERP transformation process!
Our end-to-end approach in the ERP localisation process consists of 3 steps, and is tailored to your company for statutory and tax compliance in a holistic way.