Flexible Tax Manager

Overview

Flexible Tax Manager is a global software solution designed to meet the complex tax requirements of companies whose business involves the bulk distribution of goods.

Applications

Flexible Tax Manager is used to:

• Automatically calculate all the taxes associated with the sale and/or movement of goods - removing the need for manual calculation and intervention, ensuring fast and accurate results
• Give full tax auditability by accurately recording each transaction, thus giving complete confidence in the tax accounting and the ability to meet regulatory timetables
• Provide the information required for reporting of taxes associated with the sale and/or movement of goods
• Fully support the Manager of business transactions across geographical borders

Features

Flexible Tax Manager features:

• A tax calculation engine determining all the taxes due on a transaction in sub-second timing
• Handling of multiple currencies and units of measure
• Easy to use data model for the maintenance of tax definitions and rules
• The ability to work with existing system business data including customers, locations, suppliers, etc.

Benefits

Flexible Tax Manager offers the following benefits:

• It handles transactions crossing US State boundaries with the requisite destination taxes and those crossing European borders (dealing with Intrastat)
• Total flexibility for the data set up with its own tax data model
• Its real time calculations make it ideal for a web environment
• It can be easily implemented alongside existing applications because it uses open standards
• It is rules based and entirely data driven, so on-going maintenance is easy and there is no need for application enhancements when tax regulations are changed