Deliver trusted, automated tax decisions for clarity and business confidence
This solution provides a flexible and transparent framework to automate indirect tax decisions, seamlessly integrating with SAP ERP, SAP S/4HANA Cloud Private Edition, and SAP S/4HANA on-premise. It adapts to complex VAT and GST rules globally, ensuring compliance across diverse tax jurisdictions.
Overview
First-Time-Right Determination to ensure accurate compliant tax decisions.
Ensure compliance and minimize risks with precise tax determination for SAP S/4HANA Private Cloud Edition and RISE with SAP to simplify tax decisions using a VAT-relevant framework. This solution bypasses complex parameters for transparent, accurate, and efficient indirect tax management, addressing the constraints and challenges in calculating indirect taxes on sales and purchases.
Consume architecture that is understandable and consistent.
Tax and finance managers can achieve complete confidence and transparency in tax decisions with a flexible architecture grounded in value-added tax and goods and services tax rules. This design enables precise control and delivers clear visibility through an intuitive determination tab seamlessly integrated into all sales and purchasing documents.
Leverage a customization framework built on specific VAT and GST rules
Achieve end-to-end compliance for all sales and purchasing documents, from initial creation to final posting, enabling seamless compliance monitoring and empowering tax and finance teams with true control and confidence in tax determination. This approach ensures accurate, compliant tax calculations, minimizing errors and streamlining tax compliance across all sales and procurement activities.
Details
Solution type
Extensions and Add-ons
Industry
Oil, Gas, and Energy, Automotive, Industrial Manufacturing, Chemicals, Cross-Industry
Compatibility
Works with
Features
Deploy a solution framework based on actual rules
Calculate the correct tax decision during transaction creation and booking, enabling compliant recording of transactional data. Handles all complex transactions, including content out-of-the-box to cover 80% of all known complex scenarios, leaving the remaining 20% to define own rules principle.
Automate compliance of VAT identification data.
Seamless integration of VAT identification checks, including order-to-cash, procure-to-pay, and record-to-report processes through interfaces VIES, BZSt, and FinanzOnline. It enables qualified retrieval, validation, and storage of results using official national and European Union databases.
Automate vat to general ledger reconciliation.
Enable VAT reconciliation by comparing general ledger and account balances with postings per tax code. Identify accounting errors using validations to avoid the submission of incorrect reports to the tax office and the associated consequences.
Plans and pricing
All plans include:
Enterprise Edition
First-time-right enterprise package that enhances system capabilities for accurate VAT and GST in transactions (Upstream), while monitoring and reporting automates VAT reconciliation (Downstream).
Price upon requestFirst-time-right enterprise package that enhances system capabilities for accurate VAT and GST in transactions (Upstream), while monitoring and reporting automates VAT reconciliation (Downstream).
Standard Edition
Deep integration of VAT ID checks, including order to cash and purchase to pay and periodic reporting processes as standard with VAT ID Validator module.
Per YearEUR 14,000.00Deep integration of VAT ID checks, including order to cash and purchase to pay and periodic reporting processes as standard with VAT ID Validator module.
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Oil, Gas, and Energy, Automotive, Industrial Manufacturing, Chemicals, Cross-Industry |
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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
Sovos VAT Determination
Where Does Tax Fit into Your SAP Transformation Strategy
Sovos Determination SAP
Publisher
Sovos Compliance GmbH
Sovos is a global leader in tax compliance and regulatory reporting solutions, serving over half of the Fortune 500 companies. With award-winning cloud technology and nearly 100 regulatory experts, Sovos supports businesses across 19,000+ tax jurisdictions in more than 70 countries, ensuring compliance and timely reporting
