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. Download the DocumentManage
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