Centrally manage data, movement, and taxes of excisable goods
Find out how the SAP S/4HANA, excise tax management add-on by Vistex helps companies dealing with excisable goods efficiently manage excise tax–relevant master data, track the movements of excisable goods, and calculate accurate tax amounts. Harness an intelligent, data-driven, end-to-end process. Dökümanı indirinManage
excisable
goods data,
movement,
and taxes in
one place
Solution brief | SAP Excise Tax Management by Vistex
excisable
goods data,
movement,
and taxes in
one place
Solution brief | SAP Excise Tax Management by Vistex
2 | 7
Benefit from an intelligent,
comprehensive process
The old ways of handling excise taxes—for example, manual
adjustments, siloed processes, and inflexible reporting
tools—are simply too costly, inefficient, and error-prone.
Missing just one tax-relevant material movement or making
a tax-calculation mistake can lead to a costly penalty.
The SAP Excise Tax Management solution by Vistex,
a solution extension for SAP Cloud ERP solutions, helps
address the complexities of excisable goods. It lets you
centrally manage excise tax–relevant master data,
track the movement of excisable goods, and automatically
calculate tax amounts. The result is improved accuracy and
efficiency and lower costs associated with reporting, data
management, compliance, and audits.
Instead of highly aggregated,
infrequent compliance reporting,
governments are adopting more
frequent access to granular data,
even at the transactional level.
How will you stay compliant as
more niche excise taxes emerge
worldwide and enforcement
becomes more stringent?
SolutionObjectives Quick factsBenefits
Benefit from an intelligent,
comprehensive process
The old ways of handling excise taxes—for example, manual
adjustments, siloed processes, and inflexible reporting
tools—are simply too costly, inefficient, and error-prone.
Missing just one tax-relevant material movement or making
a tax-calculation mistake can lead to a costly penalty.
The SAP Excise Tax Management solution by Vistex,
a solution extension for SAP Cloud ERP solutions, helps
address the complexities of excisable goods. It lets you
centrally manage excise tax–relevant master data,
track the movement of excisable goods, and automatically
calculate tax amounts. The result is improved accuracy and
efficiency and lower costs associated with reporting, data
management, compliance, and audits.
Instead of highly aggregated,
infrequent compliance reporting,
governments are adopting more
frequent access to granular data,
even at the transactional level.
How will you stay compliant as
more niche excise taxes emerge
worldwide and enforcement
becomes more stringent?
SolutionObjectives Quick factsBenefits
You can’t manage what you can’t see. That’s why SAP Excise
Tax Management integrates with SAP Cloud ERP to extend its
master data framework. This enables you to create and
maintain a comprehensive repository of excise tax–specific
master data—including metrics, product classifications, tax
types, rates, and exemptions—in concert with the ERP solution.
Imagine being able to:
• Define stock-ledger groups and movement types to help
ensure proper booking of excise taxes
• Set up and administer tax requirements such as tax rates,
tax types, and settlement quantities
• Support data accuracy and consistency using controlled
validation and governance processes
This functionality improves the data quality of excise taxes
while helping reduce data management costs and downstream
calculation risks. At the same time, you can tightly integrate
with the excise tax management solution with other systems
and processes, such as legal reporting to the EU Excise
Movement Control System.
Manage master data for
excise taxes
3 | 7
SolutionObjectives Quick factsBenefits
Tax Management integrates with SAP Cloud ERP to extend its
master data framework. This enables you to create and
maintain a comprehensive repository of excise tax–specific
master data—including metrics, product classifications, tax
types, rates, and exemptions—in concert with the ERP solution.
Imagine being able to:
• Define stock-ledger groups and movement types to help
ensure proper booking of excise taxes
• Set up and administer tax requirements such as tax rates,
tax types, and settlement quantities
• Support data accuracy and consistency using controlled
validation and governance processes
This functionality improves the data quality of excise taxes
while helping reduce data management costs and downstream
calculation risks. At the same time, you can tightly integrate
with the excise tax management solution with other systems
and processes, such as legal reporting to the EU Excise
Movement Control System.
Manage master data for
excise taxes
3 | 7
SolutionObjectives Quick factsBenefits
For tax managers, it’s essential to provide an accurate,
auditable trail of material movements to authorities.
SAP Excise Tax Management helps by automatically
identifying and recording material movements subject to
excise tax and capturing them in a stock ledger. As a result,
you have an accurate stock ledger that reflects the excise
tax implications of inventory transactions.
The solution provides a set of predefined rules and
validations to determine excise tax–relevant information
and book it into the stock ledger. You also have the
flexibility to change and enhance rules for stock-ledger
determination to consider company characteristics,
specific rules, and regulations, for example. And when
you need to provide reports to authorities, you can quickly
define views to focus on specific requests or areas of
interest and generate the required outputs. This saves
time and significantly reduces the cost of compliance,
risk management, and audits.
Track the movement of
goods for excise taxes
4 | 7
SolutionObjectives Quick factsBenefits
auditable trail of material movements to authorities.
SAP Excise Tax Management helps by automatically
identifying and recording material movements subject to
excise tax and capturing them in a stock ledger. As a result,
you have an accurate stock ledger that reflects the excise
tax implications of inventory transactions.
The solution provides a set of predefined rules and
validations to determine excise tax–relevant information
and book it into the stock ledger. You also have the
flexibility to change and enhance rules for stock-ledger
determination to consider company characteristics,
specific rules, and regulations, for example. And when
you need to provide reports to authorities, you can quickly
define views to focus on specific requests or areas of
interest and generate the required outputs. This saves
time and significantly reduces the cost of compliance,
risk management, and audits.
Track the movement of
goods for excise taxes
4 | 7
SolutionObjectives Quick factsBenefits
5 | 7
SAP Excise Tax Management calculates actual and
statistical excise tax values with greater accuracy,
based on product characteristics, quantities, and
applicable tax rates.
With the solution, you can also:
• Integrate excise tax calculations into core business
processes supported by SAP Cloud ERP for efficient
and timely tax determination
• Aggregate and analyze tax spent across various
categories
• Define formulas more flexibly and configure relevancy
rules for new tax types and local requirements
The solution takes automation even further in accrual
creation. It simplifies the handover of payments to tax
authorities through SAP Cloud ERP and posting of
appropriate accounting documents with values in the
finance area of SAP Cloud ERP.
Calculate excise taxes
and create accruals more
accurately
Improve the accuracy of tax calculations,
accruals, and transaction-level
reporting—all while reducing tax
accounting and reporting costs.
SolutionObjectives Quick factsBenefits
SAP Excise Tax Management calculates actual and
statistical excise tax values with greater accuracy,
based on product characteristics, quantities, and
applicable tax rates.
With the solution, you can also:
• Integrate excise tax calculations into core business
processes supported by SAP Cloud ERP for efficient
and timely tax determination
• Aggregate and analyze tax spent across various
categories
• Define formulas more flexibly and configure relevancy
rules for new tax types and local requirements
The solution takes automation even further in accrual
creation. It simplifies the handover of payments to tax
authorities through SAP Cloud ERP and posting of
appropriate accounting documents with values in the
finance area of SAP Cloud ERP.
Calculate excise taxes
and create accruals more
accurately
Improve the accuracy of tax calculations,
accruals, and transaction-level
reporting—all while reducing tax
accounting and reporting costs.
SolutionObjectives Quick factsBenefits