Thomson Reuters today announced a new version of its ONESOURCE Indirect Tax Integration for the SAP® ERP application in support of companies doing business in Brazil.
ONESOURCE Indirect Tax Determination automatically calculates applicable taxes in real time.
The integration, designed by Thomson Reuters independently of SAP, is intended to help multinational corporations and Brazilian companies streamline and automate their tax processes in SAP ERP. This is the latest example of the company’s long history of implementation expertise in support of SAP solutions.
The integration allows companies to automate the adoption and administration of regulatory changes to Brazilian tax laws, including the management of data needed for Nota Fiscal.
“It is a daunting burden for businesses to manually update and maintain the thousands of tax rate and rule changes that take place in Brazil every year,” said Marcos Bregantim, head of Thomson Reuters Tax & Accounting software business in Brazil. “The new integration will help ensure that ONESOURCE Indirect Tax customers will always be up-to-date with tax changes that impact their businesses, in Brazil and globally.”
ONESOURCE Indirect Tax improves functionality and accuracy of tax calculation for over 180 countries. Multinational corporations can take advantage of a centralized solution that maintains all tax laws, rules and rates and integrates with systems running SAP software.
ONESOURCE Indirect Tax Integration for SAP ERP 188.8.131.52 is available now.