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Vertex and Oracle Cloud

Posted on October 13th, 2017 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

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Oracle ERP Cloud Transaction Tax Automation is consist of Comprehensive Tax Partner Offerings

  • Robust infrastructure for tax partner solutions
    • Tax Content and Tax Reporting services providing fast ROI option for mid-market companies adopting Oracle ERP Cloud
    • Integrated Cloud-to-Cloud tax calculation services for enterprise grade companies
  • Infrastructure has been optimized for ERP Cloud customers using end-to-end Vertex transaction tax offerings, lending value in fulfilling the compliance function

Let see some key features and automation Flow.

Tax Content Offering

The Vertex tax content service covers geographies, tax jurisdictions, and tax rates.

This service supports address validation for master location data, and provides tax jurisdictions and tax rates data for US locations all updated on a monthly basis to comply with
statute changes.

In addition, users may opt for taxability rules content, which adds product and service taxability taxability rates and customer-specific product and service tax rules also updated on a monthly basis.

Tax Calculation Offering

  • "Cloud-to-Cloud" integration of ERP Cloud and Vertex O Series Cloud for transaction tax calculation
  • No software integration components deployed on Cloud
  • Seamless data flow between Oracle ERP Cloud and Vertex O Series

Tax Reporting Offering

  • Vertex Indirect Tax Returns - Signature-ready returns for U.S. sales and use taxes are produced for filing
  • Vertex Returns Outsourcing Service - Vertex can manage the entire tax compliance function from tax returns generation to payment remittances

    Here is how end-to-endTransaction Tax Solution usually Flow

tax

Fig1 :Vertex End-to-End Tax Solution Automation

 

The Vertex solution architecture enables “cloud-to-cloud,” touchless integration of Oracle ERP Cloud and Vertex Cloud.

Enjoy efficient, user-friendly uptake and integration, with no need to host any software or integration components on premise.

There is no need to apply patches, service releases, or monthly data updates Vertex takes care of these for you.

Leverage the benefits of powerful tax automation as below:

  • Real-time transactions and batch processes for tax functionality
  • Tax-sensitized receivables and payables invoices
  • A streamlined process with accurate tax outcomes
  • Secure, cloud-hosted journal retention for tax return compliance

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