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About ONESOURCE Indirect Tax integration for SAP

Corporations using SAP as their Enterprise Resource Planning (ERP) system can simplify their worldwide Indirect Tax requirements by implementing ONESOURCE Indirect Tax Suite. The suite includes Determination, Integration for SAP, Reporting, and Compliance. The benefits provided by ONESOURCE Indirect Tax Suite are:
  • Fast, accurate sales, use, consumer’s use tax, and VAT results.
  • Monthly tax rate and rules updates for over 175 countries.
  • Integrated tax calculation with SAP minimizing user decisions and tax errors.
  • Removal of the need to change SAP tax codes each time a rate/rule changes, eliminating business interruptions, and running out of tax codes in SAP.
  • Complete audit database from which you can generate both standard and custom reports as well as returns.
ONESOURCE Indirect Tax Integration for SAP 6 is a new interface designed, built, and maintained by Thomson Reuters. It’s a new global tax integration solution designed from the ground up with integration pointing into SAP ECC application modules as desired. It consists of a data collector, tax interface, and return process of tax results to the calling application with G/L integration in support of downstream SAP processes such as standard VAT reports and returns processing. It makes use of the SOAP (Simple Object Access Protocol) provided by SAP to communicate with ONESOURCE Indirect Tax Determination. The new Integration enables worldwide tax calculations, including VAT, US Sales and Use Tax, and other country-specific taxation. The interface is entirely built within the SAP Development Workbench, including a user menu for all interface related configurations, setups, and reports. The interface has a new field mapping solution allowing a Tax Business Analyst to map SAP data to Determination and vice versa via a customization table, eliminating most of the user-exit coding of the past. Tax calculation logs can be accessed via a transaction with a search function from within SAP greatly simplifying tax setup, analysis, and troubleshooting.
Audience
If you are responsible for overseeing setting up ONESOURCE Indirect Tax Integration for SAP, you will need to coordinate help from the following people:
  • SAP Business Systems Analyst
  • SAP Configuration Consultant
  • SAP Technical Resource (ABAP Programmer)
  • SAP Security Contact
  • Tax Professional

This article applies to:

  • PRODUCT: ONESOURCE Indirect Tax
  • Sub Product: SAP