Sales Tax
Vertex Integrates Indirect Tax Solution with Concur Invoice
As more products and services become taxable, tax structures become increasingly complex, especially when it comes to calculating consumer use tax in critical business functions such as accruals, asset and goods management and purchase orders.
Sep. 21, 2020
Tax technology and services provider Vertex, Inc. has announced the integration of Vertex Indirect Tax O Series with Concur Invoice from SAP Concur, the leading brand for integrated travel, expense and invoice management solutions. Now available in the SAP Concur App Center, Vertex will provide businesses using SAP Concur solutions with the ability to automate and help ensure accurate consumer use tax calculations on every expense transaction.
As more products and services become taxable, tax structures become increasingly complex, especially when it comes to calculating consumer use tax in critical business functions such as accruals, asset and goods management and purchase orders. Due to varying and ever-changing regulations across thousands of jurisdictions, companies can no longer manage taxes manually. Through this scalable integration, Vertex provides businesses using SAP Concur solutions with up-to-date rates and rules across North America, automated calculations and signature-ready PDF returns.
“Building on our extensive SAP portfolio, we partnered with the SAP Concur organization to help our customers streamline consumer use tax management so they can reduce risk of noncompliance and focus on growing their business,” said Brian Wilchusky, director of SAP global partnership at Vertex. “Our goal is to make tax a seamless and unobtrusive part of each company’s operations and client experience.”
The integration works to ensure ease of use and maximum accuracy between the two solutions. Vertex determines the tax charged on an invoice and delivers the right rate each time. If a vendor doesn’t charge appropriate tax, Vertex accrues the correct tax on the invoice. Concur Invoice reconciles the differences and pushes that information through to the company’s ERP or accounting system.
Launched in 2013, the SAP Concur App Center aims to make it easy for travelers to find and connect to apps that integrate with SAP Concur solutions and provide additional value for individuals and businesses. With more than 160 pre-built integrations and popular connections, the SAP Concur App Center extends the value of SAP Concur solutions by helping customers implement them rapidly, gain insight into spend, simplify expense reporting and deliver the perfect trip.