How we ended the expense and frustration of full tax determination
Making tax engines affordable for the mid-market as well as enterprise businesses
Heard about or lived the agony of expensive and protracted VAT or GST tax engine implementations from the traditional providers?
Bugs, manual mapping, customisations and multiple API connectors mean heavy reliance on IT, ERP support and outside tax advisors. This creates months of missed deadlines and inflated costs, resulting in tax determination and returns that still aren’t working as you were sold. And, with live e-invoice reporting sweeping Europe and beyond, it’s not something you can duck any further with the need for real-time, accurate VAT calculations on sales invoices and audits of incoming purchase invoices.
VAT Calc’s revolutionary single-platform tax engine, ends the grind of global determination for businesses, marketplaces, ERP’s and billing applications. Our implementations are typically a tiny fraction of the time and budget of legacy offerings.
Why do tax engine implementations go so wrong and cost so much?
- Dependency on expensive outside consultants building and maintaining manual tax rules and data mapping to reflect your business rather than tech built on tax rules
- Inevitable bugs in logic by the engines or the client data – these are often difficult to detect, and require lengthy change cycle processes involving coders, testers and QA teams.
- Many businesses customise their ERP’s, especially SAP users, to such an extent that engines struggle with their standard connectors and data exchange.
- The need to have API’s attempting to force data through numerous endpoints depending on the calculation, invoicing or compliance application
- Multiple failure points on bespoke ‘fixes’
- Creating and maintaining tax codes between VAT calculations through to mapping to the correct return boxes
But, it doesn’t have to be that way anymore. If you need a SAP tax engine, or for any other ERP, accounting, billing or e-commerce platform, your search is over. Contact us for discussion of your requirements.
Ending the tyranny of tax engine implementations
| VAT Calc makes tax engine & VAT reporting implementations fast and inexpensive | |
| 1. Accurate calculations based on global tax laws | We have codified all national tax laws, EU VAT Directives and OECD guidance so are ready instantly for any transaction. This means no need for months or years of writing, coding and testing extensive manual use cases and custom rules, which then need long-term support and costs. VAT Calculator is instantly ready for: goods or services; e-commerce; complex supply chains inc. triangulation; digital; financial services; gig & sharing economy taxes; and more |
| And since these laws and implementing regs constantly change, we keep them live updated so you have no tax research or custom rule updates to worry about. | |
| 2. Flexible mapping and rapid easy integration | Integration uses industry standard RESTful APIs, with detailed documentation and tools available on the VATCalc Developer Hub to help customers and partner quickly and easily integrate their systems with VAT Calculator. Mapping entities and tax codes is fast and easy too with the use of simple modern graphical tools. |
| 3. Cloud, API-first technology | VAT Calculator is built on micro services, in an API-first cloud environment. That means it scales securely and instantly to handle any sized data loads. And it can be embedded or white labelled within other applications such as ERPs, marketplaces and billing systems. |
| 4. Single calculation and returns application | VAT Calculator can be used to determine tax on its own or customers can choose to save the results to VAT Filer, which instantly produces the returns, listings and electronic filings and provides the capabilities needed to easily manage VAT compliance around the world. |
| 5. Deep VAT data insights | All saved transactions are also available in VATCalc’s Insights data warehouse for further analysis that allows customers to look at transactions in the context of all their other transactions. Analysis such as identifying trends and highlighting opportunities for VAT optimisation and cash flow savings |
VAT e-Invoicing – full determination means accurate submissions and receipts of e-invoicing
As part of the same platform as our tax engine, VAT e-invoicing service ensures accurate determination on your sales invoices with full audit of supplier e-invoices. Customers make a single API call to the service that addresses all the VAT requirements in real-time. Whatever the network or country format: Peppol; DBNA; SdI; ChorusPro; KSef; and more global e-invoicing mandates
This means tax validation on e-invoicing: enriching sales invoices with obligatory VAT invoice messaging; and purchase invoices with tax codes for automated posting. This is performed by our full national legislation VAT Auditor product, on the same app as VAT e-invoicing, meaning seamless real-time integration.
