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.

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!

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.

Upgrade Your ERP System for Better Tax Compliance

The tax landscape is rapidly evolving, and many businesses are unaware that a new or upgraded ERP system can effectively handle a wide range of tax obligations. 

At PwC, we can help your business navigate through the complexities that come with ERP implementation or transformation projects and ensure your tax team takes full advantage of the broader deployment.  

Watch our video to learn more about how we can assist you in achieving a successful ERP implementation from a tax perspective.

Get in touch with us today!

Like to know more about how we can help you make your ERP system tax/statutory compliant and future proof for the coming years?