IT Solutions

WTS and market leader AMANA have enjoyed an intensive, strategic partnership for many years. Our unique tax expertise, coupled with AMANA’s technology are the best basis for providing best practice customer solutions.

As part of our "Business Partnering" service, we are the largest operational user of AMANA tax solutions. Due to our broad range of practical experience, we are also involved as a development partner in the professional development of AMANA solutions.

 

Financial reporting / ESEF with AMANA

We also support you in the optimization of financial processes, e.g. with SmartNotes.

The solution enables the optimization of financial reporting with consideration of the new disclosure format: "European Single Electronic Format" (ESEF).

 

Together with AMANA, we map the entire "End2End" income tax process from tax reporting and tax declaration to tax compliance management and status monitoring. With the help of "Data & Analytics" we improve the transparency of tax data and thus increase compliance.

Further specialties of our activities are IT-supported workflow and process optimization, the automation of standard tax processes and support in the digital networking of the tax department.

We provide support both in advising on the most suitable software solution, implementing tax tools and in training and further education of employees.

The central hub is the GlobalTaxCenter tax portal.

In addition, we support you in all phases of trade tax processing with the in-house tool WTS GewStManager.

With WTS GewStManager, the complete process from data acquisition to dismantling as well as the recording of notices is mapped in an integrated tool.

More information can be found here.

 

AMANA VAT@GTC enables data transfer without media discontinuity from various ERP systems and thus allows consolidation, including for corporate groups (Organschaft). Based on this, monthly VAT returns can be created and sent within Germany and other EU countries up to the fully automated creation of the annual VAT return. In the process, documentation of the corresponding tasks and checks carried out, such as compliance with the four-eye principle or the request for VAT identification numbers, is carried out automatically.

In addition, standardized check routines, but also your individually designed checks can be carried out. Thus, the complete spectrum from tax determination, the analysis of large amounts of data and documents, the correction of VAT-relevant transactions and their tracking to the submission of tax returns is covered and documented.

Many companies that use SAP as their ERP solution are currently planning or already implementing S/4HANA upgrade projects. In doing so, uniform tax code schemes or charts of accounts need to be defined. Since the tax department is largely dependent on the data determined and stored in ERP, it is necessary at this point to create the basis for optimized tax processes.

It is important to involve your tax department early so that it benefits from the introduction of S/4HANA from the very beginning, rather than having to make expensive adjustments to the ERP later. You can leverage our proven expertise to help S/4HANA become the basis for your tax digitalization strategy.

Software-as-a-Service (SaaS) provides clients access to software on a centrally hosted, subscription basis. At WTS this option is available for both WTS and third-party software solutions (e.g. AMANA). No infrastructure, no server setup, no software installation. No stress.

SaaS can offer considerable cost savings and efficiencies when compared with a traditional software licencing and hosting model. The technical operation as well as professional support will be provided by WTS, without the need to involve your own internal IT support. On request, we can also provide support for ongoing operations by taking over other activities such as master data management, interface management, etc.

 

Benefits for you:

• Less complexity, lower cost, less demands on your employees. Let your team concentrate on your core business
• WTS carries out all updates independently; you will always be "up to date”
• Professional and technical support from a single provider
• Faster and more efficient help in the use of tax tools
• Significantly less internal effort for the tax and IT departments.