A policy level tax calculation, savings, and revenue cloud-based tax engine
This SAP S/4HANA solution extension provides policy-level premium tax calculations for all 50 states and includes journal entries, ASL filing data, and tax saving metrics with the capabilities to identify tax savings and untaken deductions, and avoid under-payment penalties. This solution was incubated and/or funded by SAP.iO, SAP’s strategic business unit that invests in and accelerates startup innovation.
Overview
Automate your policy level tax calculations
Real-time tax calculation liabilities with analytics and dashboard to capture tax metrics and reporting Designed AI Learning and detailed business rules to identify state, county and municipal tax deductions reducing taxable revenue to the lowest possible amount allowed by law.
Maximize tax savings and revenue
Utilizing the geo-mapping attributes, underwriters can gain insight on which domiciled companies have the lowest tax exposure, ensuring a policy premium quote with reduced tax exposure.
Identify revenue opportunities
Use of revenue data to identify opportunities to increase sales revenue. As it relates to the effectiveness of your regional marketing campaigns against actual revenue generated for lines of business with geographies.
Details
Solution type
Extensions and Add-ons
Industry
Healthcare, High Tech, Insurance
Compatibility
Works with
Features
View the entire tax process from end-to-end
Designed to calculate individual policy level tax for every premium payment required in a legal jurisdiction, generate needed expense and liability journals entries for your ERP system with additional data to support regulatory and valuable operating reporting metrics.
Unify front and back office functions
This shareable cloud platform provides users with tools for multiple business silos of the insurance value chain to gain insights into core financial, line of business, and related sales performance metrics not previously available within a single solution.
Integrate your ERP solutions
Seamless systems integration of policy tax expense, related line of business categorization and jurisdictional level data and reporting with instilled metrics and dashboard data, which can be harmonized with your existing SAP or SAC platforms.
Plans and pricing
All plans include:
Premium Tax As a Service Cloud Platform
Pricing based upon the number of policy transactions processed through the tax engine.
Includes generation of data files to post tax liabilities using client's unique Chart of Accounts.
Data retention for audit defense and regulatory compliance.
Includes 100000 per transaction Price upon requestPricing based upon the number of policy transactions processed through the tax engine.
Includes generation of data files to post tax liabilities using client's unique Chart of Accounts.
Data retention for audit defense and regulatory compliance.
Includes 100000 per transaction Yearly Tax Engine and Reporting Support
Quarterly policy tax calculations, sub-ledger journal entry, SAC dashboards identifying savings and user support.
Includes 20 Users Per YearEUR 85,000.00- + EUR 85000.00 Setup Fee
- Minimum contract 1 year
Quarterly policy tax calculations, sub-ledger journal entry, SAC dashboards identifying savings and user support.
Includes 20 Users
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Artificial Intelligence |
| Industry | Healthcare, High Tech, Insurance |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
PTAAS for SAP Analytics Cloud
PTAAS Overview
Publisher
Davinci's Cloud, LLC.
A team of insurance, tax, finance, and technology experts who understand the challenges tax teams of insurance companies face day to day, while trying to be a valuable business partner. Our C-Level leaders average over 20 years in Insurance, Tax, and Technology consulting and development,
