Case study #2 – leveraging finance function investments
A leading international group undertook a global SAP implementation. As part of the project plan, the tax department partnered with the finance function, their tax advisers and the SAP provider to ensure that the implementation met tax compliance needs. As a result, SAP was configured to ensure that correct VAT and other indirect tax codings were properly implemented within the transactional accounting processes. Tax data was also configured to enhance compliance efficiencies when collecting and analyzing accounting data for tax return purposes