Oracle and VAT – how to manage your ERP in a fast changing tax environment?

EY and 4apps group have the answer.

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A growing number of countries require tax payers to supply detailed transactional data on a more and more continuous basis.

As a leading tax firm, EY has many years of experience in helping our clients with the management of their global VAT position and cash flow using VAT analytics. These projects have resulted in massive savings, process optimizations and free cash flow release for our clients.

Recently we have combined our skills with the tailored Oracle solution run by 4apps group, the Oracle EBS specialist in the Netherlands. 4apps group has experience with their itax4apps Oracle solution.

Marc Plug (4apps group) said: “This application creates a country specific tax return from a complete VAT summary with the push of a button and it supports Oracle EBS customers with a direct access to the original source transactions and documents to provide a solid audit trail. Itax4apps generates an insight in all reconciliations with your General Ledger based on revenue, output tax   and input tax, it provides ICP/ICV listings or your VAT MOSS reports, and creates the country specific SAF-T files “

The combination of EY’s tax and ERP knowledge and 4apps group’s itax4apps provides a solution for the entire end- to-end process from VAT monitoring, VAT configuration, VAT reporting, VAT integration and VAT analytics.

Is your organization an Oracle EBS user and are you interested in this unique tax solutions? Do not hesitate to get in touch with us!