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ERP Localisation

Why should tax have a seat at the table in an ERP transformation?

Many businesses will soon be moving to new Enterprise Resource Planning (ERP) systems. Make sure that tax compliance doesn’t get left behind in the planning!

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.

Many businesses will soon be moving to new Enterprise Resource Planning (ERP) systems.

What do you gain by including statutory and tax requirements in your ERP?

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!

Why include statutory and tax requirements in your ERP system?

Model company for new business

Single source of truth: get statutory and tax right the first time with automated tax determination, resulting in increased efficiency.

Transparent compliance

Transparency that includes a digital audit trail, real-time ETR calculation, integration between different tax regimes, advanced analytics and controls.

Legally up-to-date

Monitor legal and regulatory changes and define the impact to streamline the statutory and tax compliance process.

Compliant communication

Tax authorities require real-time reporting of company data in predefined formats.

Corporate simplification

Integration with supply chains, leading to one integrated and global platform.

Dashboard

Overview of tax positions globally.

Our unique approach to implementing a new ERP

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.

  • Gather local and business requirements
  • Fit-gap analysis
  • Prepare RICEFW list per country (Reports, Interface, Conversion, Enhancements, Forms and Workflow)

Design your favourite tax IT roadmap

Define the taxvision:Knowing the desireddestination will setyou in the rightdirection and gives a goal to measureprogressCreate globaltemplate:Define whatinformation is needed and how it integrates into the systemCreate globaltemplate:Define whatinformation is needed and how it integrates into the systemCapture local tax,legal and statutoryrequirements:Documentlocalisation needsand track throughoutthe buildFit to standard:Review and validatethe work done up tothis stage and getsign-offDeep dives:Devote resourcesto complexrequirements,includingworkarounds fornon-standardrequirementsTraining, testing,cutover:Test with users at all levels to identify and correct any errors ordefects and preparefor cutoverPost go-livesupport:Ensure support is available to identify,triage and prioritiseissues for resolution12345678The Tax Transformation JourneyTax transformation is a process consisting of a series of manageable steps, each building on the previous step and leading to the next.