VAT Technology – Managing VAT digitally, securely and efficiently

Indirect taxes – particularly VAT – are at the heart of tax digitalisation. High transaction volumes, heterogeneous ERP and legacy systems, as well as increasingly digital requirements from tax authorities (including big data requirements and real-time reporting in the context of ViDA) necessitate largely automated tax calculation and end-to-end digital reporting.

International business operations, dynamic legislation, complex system landscapes: the demands on VAT reporting are rising rapidly. With our VAT Technology solutions, we combine specialist VAT expertise with powerful tools – for transparent data, automated processes and sustainably reduced risks.

Our approach: From analysis to ongoing compliance

We support you throughout the entire VAT lifecycle:

• One-off and recurring risk analyses of your VAT data
• Establishment of transparent, standardised VAT reporting processes
• Use of specialised tools for analytics and reporting obligations
• Integration into your existing ERP and system landscape
• Technical support with new digital requirements (e.g. ViDA)

Comply (by Fintua) – Cloud-based VAT compliance platform

With Comply (by Fintua), you can rely on a centralised, cloud-based solution for your international VAT reporting obligations. Our experts will support you throughout the organisational and technical implementation of Comply, from selecting the countries and companies to integrating the system into your processes. Through close collaboration with our partner Fintua, we are actively involved in the ongoing development of the solution.

Your benefits with Comply

• Preparation and electronic submission of VAT returns in currently 26 countries
• Flexible interfaces to various ERP systems – less manual data preparation
• Transactional data model for near- and real-time returns (including in the context of VAT in the Digital Age)
• Predefined, automated VAT validation rules – flexibly expandable
• Global dashboard for tracking status and deadlines
• Integrated workflow with email reminders to ensure timely submission

VAT Health Check – Data Analytics for Your VAT

The WTS VAT Health Check combines our VAT expertise with modern data analysis based on SAP Analytics Cloud (SAC). Ideal if you want to gain clarity on your risks and quickly realise the benefits of VAT analytics. The VAT Health Check can be used across all sectors – e.g. to prepare for tax audits, to systematically strengthen your compliance, or for a well-founded assessment of your situation.

What the VAT Health Check delivers:

• A one-off, standardised risk assessment of your VAT data
• Use of the SAP Analytics Cloud (SAC) on WTS systems – no impact on your production systems
• Analysis of financial accounting, sales and stock movements – across all systems
• Visual presentation of the results in an interactive dashboard
• Specific recommendations for action to improve data quality, processes and tax compliance

VAT Health Check as a component of your Tax Compliance Management System

The WTS VAT Health Check is carried out in the front end of SAP Analytics Cloud and can be implemented with relatively little technical effort.

It can:

• be used as a one-off risk analysis
• or be integrated as a recurring audit module into an existing Tax Compliance Management System (Tax CMS)

If you are impressed by the capabilities of the SAC, we will support you in its seamless integration into your system landscape – including setting up a continuous data feed and integrating the analyses into your processes.

Please contact us to discuss your personalised VAT technology roadmap