Vertex Inc: Recent Episodes
Vertex Inc
Vertex Inc. is a leading tax software and services provider thatempowers global commerce. Vertex connects customers and partnersacross all industries to deliver the world’s most trusted tax solutionsfor businesses to grow with confidence.Vertex provides cloud-based and on-premise solutions that can betailored to specific industries for every major line of indirect tax,including sales and consumer use, value added and payroll.
Episode 4 Summary
Rapidly changing business models. Expanding compliance footprints. Digital taxation. The Great Resignation. These issues represent only a fraction of the urgencies bearing down on tax groups and their corporate finance partners. In this episode, Kevin Permenter, IDC’s Research Director for Financial Applications discusses what’s keeping CFOs and tax leaders awake at night including their most prevalent challenges, why CFOs view automation as a crucial solution to many of these problems, and how automation driven by intelligence can help tax groups.
About the Podcast Series
Transformation is a constant requirement to remain compliant and competitive in today’s business environment. As tax regulations and business models continue to evolve, so too should the platforms, solutions, and processes that your tax and finance teams use. This podcast series, featuring guest analysts from IDC, review the tax drivers and trends for tax transformation and change management from both a European and global perspective.
Episode 5 Summary
Let’s say your tax function is ready to take its transformation journey to the next level. How do you proceed? What technology options should you evaluate? And what types of functionalities should a “next-generation” tax automation solution offer? In this episode IDC Research Director for Financial Applications, Kevin Permenter, discusses all of that and more including the build vs. buy decision and the advantages of a “cloud-first” approach. He also details an assessment of the features tax technology buyers should look for in a solution.
About the Podcast Series
Transformation is a constant requirement to remain compliant and competitive in today’s business environment. As tax regulations and business models continue to evolve, so too should the platforms, solutions, and processes that your tax and finance teams use. This podcast series, featuring guest analysts from IDC, review the tax drivers and trends for tax transformation and change management from both a European and global perspective.
Episode 3 Summary
Tax transformation is a table-stakes requirement to remain compliant and competitive. As tax regulations and business models evolve, so, too, should the automation solutions and processes tax and finance teams leverage. In this episode, IDC Research Director for Financial Applications, Kevin Permenter, discusses the factors driving the need for tax process and technology changes. Kevin reviews the business changes and challenges having substantial impacts on tax groups, the beneficial role that APIs and other technological advancements play in driving tax transformation forward, and a deeper look at e-invoicing trends.
About the Podcast Series
Transformation is a constant requirement to remain compliant and competitive in today’s business environment. As tax regulations and business models continue to evolve, so too should the platforms, solutions, and processes that your tax and finance teams use. This podcast series, featuring guest analysts from IDC, review the tax drivers and trends for tax transformation and change management from both a European and global perspective.
Episode 2 Summary
In this episode, IDC Senior Research Director: European Enterprise Applications, Tom Seal, discusses how leading tax groups are progressing on their transformation journeys. Tom starts by noting that businesses and tax leaders tend to define tax transformation broadly. Next, he discusses the factors driving the need for new strategies, processes, and tax technologies. Tom concludes by addressing improvement strategies, different types of tax technology, and the must-have features of an effective solution.
About the Podcast Series
Transformation is a constant requirement to remain compliant and competitive in today’s business environment. As tax regulations and business models continue to evolve, so too should the platforms, solutions, and processes that your tax and finance teams use. This podcast series, featuring guest analysts from IDC, review the tax drivers and trends for tax transformation and change management from both a European and global perspective.
Episode 1 Summary
Tax professionals throughout Europe and the EMEA region have grown all too familiar with compliance risks and difficulties. But what about the challenges that their partners in finance and IT face? And how do those issues affect tax groups and their digital transformations? This episode, featuring IDC Senior Research Director: European Enterprise Applications, Tom Seal, reviews regulatory trends and compliance pressures, the challenges finance groups are grappling with, and a look at IT priorities including how tax groups can assist their technology partners.
About the Podcast Series
Transformation is a constant requirement to remain compliant and competitive in today’s business environment. As tax regulations and business models continue to evolve, so too should the platforms, solutions, and processes that your tax and finance teams use. This podcast series, featuring guest analysts from IDC, review the tax drivers and trends for tax transformation and change management from both a European and global perspective.
Hear from leaders at Ryan and Vertex as they discuss the enhanced service offerings now available to global clients through their unique partnership as a result of the recent acquisition of Taxamo by Vertex.
Key topics covered in this short podcast include:
- Ryan and Vertex’s partnership - enabling clients to more efficiently and effectively manage their global VAT determination
- The reasons and benefits behind Vertex’s acquisition of Taxamo
- Vertex’s new and expanded service offerings and the challenges they can solve
- The value-add to Ryan’s existing and future clients in helping to transform their tax functions
Jun Miyake
Principal, Tax Technology
Ryan
+44 (0) 797 094 1101
jun.miyake@ryan.com
Paul Guyer
General Manager, Europe
Vertex
+44 (0) 771 081 8345
paul.guyer@vertexinc.com
Dermot O’Shea
Chief Commercial Officer
Taxamo, a Vertex Company
+353 872 416 794
dermot.o’shea@vertexinc.com
If your organization decides to implement or to migrate to SAP S/4HANA, how can the tax department / VAT manager take this opportunity to (re)gain control over VAT processes in your SAP system? If you are migrating to or implementing S/4HANA, what do you as an IT organisation need to consider for your VAT determination process in SAP? What issues will you face and how can you address them?
If you are migrating to or implementing S/4HANA, what do you as an IT organisation need to consider for your VAT determination process in SAP? What issues will you face and how can you address these?
Vertex Cloud Data Integrity is a solution that helps our customers with validating, analyzing and transforming data to support their indirect tax compliance process.
Listen to this podcast to learn more and understand how Vertex Cloud Data Integrity helps you increase your tax return data quality so that you can reduce your audit risk and increase tax staff efficiency.
About the expert:
Ellen has spent over 15 years in the arenas of international taxation and Tax Technology. She started her career at EY in The Netherlands and the worked in-house for a multinational real estate investment firm, where she was responsible for all different types of tax reporting (VAT & Tax Accounting) across the globe. Within Vertex, as well as VAT SME, she is a functional specialist on Vertex VAT Determination, Reporting and Data Management solutions, working with both partners and customers.
In SAP tax procedures are assigned to countries. SAP gives the possibility to assign a separate tax procedure to each country or to assign 1 tax procedure to multiple countries: a so-called ‘common tax procedure’.
We look at the question that is often asked: What should be used? Common or country specific tax procedures.
Businesses struggle to file VAT returns to the Tax Authorities in time, especially in countries where (near) real time reporting is introduced by the Tax Authorities.
But when is the right time to implement a VAT reporting automation project? Should you first consider other projects before starting on reporting?
SAP has created a great functionality to correctly create VAT reports in SAP for your VAT registrations abroad.
However, since the term ‘Plants Abroad’ (incorrectly) indicates that you actually need to create another plant across the border, many SAP Architects are not willing to approve this activation.
There is a simple, but effective way to convince the Architect to give his approval for the activation.
Businesses trading with the UK will benefit from unchanged indirect tax rules in 2020 but should use the current transition period to prepare for a hard Brexit for VAT at the end of the current transition period. Trade between the EU and the UK will no longer be subject to EU VAT rules and as a result business should seriously assess and prepare for change.
About our expert:
Peter Boerhof is the VAT Director for Vertex. In his role he provides insight and thought leadership regarding the impact of tax regulations, policy, enforcement and emerging technology trends in global tax. Peter has extensive experience in international transactions, business restructuring, tax process optimization and tax automation.