Many organizations are moving towards SAP S/4 HANA. The implementation of this new SAP backbone provides a once in a decade opportunity to increase tax compliance while at the same time reducing associated costs. In this article our specialists Romain Emens and Roger Haenen outline the key considerations relevant for tax decision makers, both from an opportunity as well as a point of attention perspective.
With many organizations already transitioning to SAP S/4 HANA or starting the implementation in the next 1 to 3 years, the tax function is called to action to reassess the corporate tax strategy and transformation roadmap on key elements like sourcing, processes, technology (in essence, the total cost of tax compliance). This article first of all describes the necessity of revamping and digitizing tax processes of the tax function to reduce total cost of compliance while maintaining, and preferable increasing, the quality of tax returns. With this necessity in mind, SAP S/4 technology solutions are described and assessed in terms of how these can contribute to this digital transformation of the tax function. The focus will be on taxes that have their main data and process footprint within SAP S/4, like value added tax (VAT), goods & services tax (GST) etc.
Since a business case should also cover key attention points, the overview shared also outlines key considerations for tax managers to be able to make balanced choices.
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