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SAP S/4HANA Cloud Private Edition, excise tax management by Vistex
Manage excise tax data, track goods, and auto-calculate taxes to boost accuracy and compliance and cut reporting costs.
What is SAP S/4HANA Cloud Private Edition, excise tax management by Vistex?
It’s an add-on that addresses the complexities of excisable goods by managing excise tax–relevant master data, tracking goods, and calculating taxes.
Streamline excise tax management, lower costs, and enhance accuracy and compliance with centralised data and automated calculations
Cloud deployment
Greater accuracy of excise tax calculations and reporting
Reduced accounting, reporting, compliance, and audit costs
Key benefits
Improve tax calculation and reporting accuracy
Calculate excise tax values more accurately, analyse tax spend, configure new tax types, and automate accruals with SAP S/4HANA integration.
Reduce tax accounting and reporting costs
Save time and significantly decrease compliance, risk management, and audit costs with predefined rules and quick report generation.
Help ensure regulatory compliance
Use predefined rules for excise tax info, flexible rule enhancements, and quick report generation to meet regulatory requirements.
Key features
Excise tax master data management
Create and maintain a repository of master data, including metrics, product classifications, and tax types
Ensure data accuracy and consistency through limited validation and governance processes
Provide a foundation for other systems and processes, including the Excise Movement Control System (EMCS)
Excise tax goods movement tracking
Automatically identify and record material movements that are subject to excise tax
Maintain accurate stock ledgers reflecting excise tax implications of inventory transactions
Excise tax value calculation
Accurately calculate actual and statistical excise tax values based on product characteristics, quantities, and tax rates
Integrate the calculations into core business processes for efficient and timely tax determination
Support compliance with a foundation for legal reporting and payment obligations
Pricing
Technical and security resources
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