NEW YORK - June 7, 2018 - PRLog -- Tax Technologies, Inc. (TTI), a U.S. provider of high-end corporate income tax software serving large corporate customers, today announced that its ERP2Tax, version 1.0, has achieved certified integration with the SAP® ERP application.
The SAP Integration and Certification Center (SAP ICC) has certified that ERP2Tax 1.0 integrates with SAP ERP 6.0 and demonstrated capabilities to extract financial data such as SAP company codes, company detail, GL accounts and GL balance from SAP ERP into Tax Series™, TTI's flagship corporate income tax product.
According to TTI this real time and automated integration is designed to help remove the manual effort involved in moving data from the SAP application into Tax Series while reducing the risk of errors during the transition.
"Achieving SAP-certified integration for ERP2Tax is a strategic move that aims to greatly enhance how financial data can be processed for tax purposes in an era requiring companies to perform increasingly complex tax computations," said the CEO of TTI, JD Choi. "We are very pleased to have received this timely certification from the market leader in enterprise application software. TTI's goal is to assist corporations in expanding the use of data from SAP ERP to support complex tax calculations that are part of the 2017 Tax Reform, such as Section 965 toll charge, GILTI, BEAT, FDII and Section 163(j). Our intent is that companies that have invested in SAP solutions can increase their return on this investment by using ERP2Tax in conjunction with Tax Series."
Since ERP2Tax can synchronize the data in SAP ERP with data in Tax Series, companies can reuse the data in SAP ERP to automate a large portion of tax processing – tax planning, year-end tax provision to support 10K, quarterly provision to support 10Qs, annual tax returns, quarterly estimated tax payments, tax audit support after filing the tax returns, monitoring the global tax compliance activities, collecting the additional information through data collection, and legal entity management.
###
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
For more information, press only:
To learn more about ERP2Tax and Tax Series, contact Biren Patel at 1 201 572 9085 or Biren.Patel@taxtechnologies.com, or visit our website at http://www.taxtechnologies.com.
Contact
Tax Technologies, Inc.
***@taxtechnologies.com
Photos: (Click photo to enlarge)
Read Full Story - Tax Technologies, Inc.'s ERP2Tax Solution Achieves Certified Integration with SAP® Applications | More news from this source
Press release distribution by PRLog
