Taxware Enterprise — Hosted Edition

Taxware Enterprise — Hosted Edition
A Hosted Solution for Calculating
Transaction Taxes and Ensuring Compliance
Features Built-in Data Editor
This gives companies the ability to customize the
system and deal with “one off ” situations on the fly.
It provides flexibility to allow custom rules creation for
all types of data used for transaction tax calculation;
enables the clients’ tax accountants to build and
implement rules according to their specific business
scenarios using a GUI designed for a non technical user;
shifts customization from the IT professional to the tax
professional; and minimizes customization of the
Adapter and speeds up tight integration of ERP
systems and Taxware Enterprise.
Take Charge of Consumption Taxes
with Limited Investment
Taxware Enterprise, a high-performance, multinational
tax engine, delivers accuracy, consistency and control
over tax management duties while handling compliance
tasks quickly and efficiently. Available as a completely
hosted solution, Taxware Enterprise allows you to
efficiently manage compliance, increase productivity
and optimize cash flow, as well as decrease tax liabilities
and audit exposure. It also helps you protect your
company’s reputation and stakeholder trust.
You can realize these benefits with a limited up-front
investment. There’s no need to purchase hardware or
software, no maintenance or security concerns to worry
about. Taxware takes care of everything for you.
Realize Fast Implementations and
Bottom-Line Savings
Managing transaction tax gets exponentially more
complicated as the size of your business increases
and the number of jurisdictions in which you operate
expands. With Taxware Enterprise, you don’t need an
army of employees researching local changes and
idiosyncrasies or maintaining your tax engine. Taxware
does all that for you. Our hosted solution delivers the
agility, scalability, security, and performance you need to
effectively manage all sales, use and VAT taxes and free
your finance staff to focus on higher level responsibilities
that are more critical to the business.
Integrates with Leading ERP Systems
Taxware Enterprise can be seamlessly integrated with
leading e-commerce and ERP software applications
including the Oracle E-Business Suite, PeopleSoft
Enterprise, JD Edwards EnterpriseOne, and
Microsoft Dynamics.
Incorporates Hacker-proof Security Features
Taxware’s hosted solution features enhanced security,
including the most up-to-date spam filters, firewalls,
and antivirus software to protect your data. These
safeguards and others ensure a secure connection
for both file transfer and file download from Taxware.
Stringent security allows for restrictions on data access
privileges so only vetted users can log on.
Delivers Industry’s Most Extensive Taxability Matrix
Taxware continuously tracks and analyzes tax law
changes in the U.S. and approximately 200 countries
around the world. The embedded research in Taxware
Enterprise’s taxability matrix – the most comprehensive
on the market today – covers thousands of industryspecific product, service, entity, and use-based rules.
Provides Vital Data Intelligence
You can quickly and efficiently view information in
real-time, allowing you to easily make business
comparisons and strategic decisions based on
up-to-the-minute data.
Ensures Exceptional Accuracy
With an intuitive design and industry-leading content,
Taxware Enterprise correctly calculates sales and
use taxes in the U.S., general sales tax and provincial
taxes in Canada, and VAT in the European Union, Asia
and South America. It also rapidly calculates taxes on
e-commerce transactions. By effectively managing
product taxability rules, Taxware Enterprise provides
the assurance you need to confidently remit transaction
taxes no matter where your organization is
doing business.
Offers Lightning-quick Response
Taxware Enterprise’s fast response time ensures
transactions can be completed rapidly so your
customers are not delayed when making purchases.
Goes Beyond a Pure Tax Engine
While designed to be the industry’s best sales, use,
and VAT tax engine, Taxware Enterprise is also capable
of tapping into additional online services from Taxware.
You can pre-populate and submit all of your domestic
sales tax returns online by using Taxware’s returns
engine, and you can even pay your domestic sales and
use taxes online by using Taxware’s proven money
movement service, Sales Tax Service. The bottom line:
you have at your disposal an unmatched, single vendor
solution that will serve your business well for years
to come and provide you with unprecedented
end-to-end automation.
Choose a Market-leading, Certified Tax Engine
Developed, delivered and maintained by Taxware,
Taxware Enterprise is a commercially available tax
engine certified in all 23 states by the Streamlined Sales
Tax Governing Board. Thanks to this certification,
Taxware Enterprise can:
§ Decrease your audit liability. Our calculations are
certified accurate so you can rest assured that your
sales tax liability is correct.
§ Mitigate potential audit defense costs. Exceptional
accuracy means you won’t have to spend precious
resources on high-cost litigation to defend lawsuits
stemming from under- or over-collection of
sales taxes.
§ Limit your exposure to class-action lawsuits.
Your customers will be satisfied with their tax
calculations and will have no basis to launch
large-scale legal battles.
§ Satisfy Sarbanes-Oxley requirements. All Section
404 compliance requirements are easily met and
reported with Taxware Enterprise.
Taxware Enterprise Makes Business Sense
With Taxware Enterprise, you’ll receive unparalleled
performance, the largest taxability matrix on the market,
proven security, and automatic system maintenance and
updates so you can allocate your internal resources to
core business functions.
Specifically, Taxware Enterprise can help you:
§ Reduce your total cost of compliance and
mitigate risk
§ Easily forecast tax obligations
§ Create defensible audit trails for Sarbanes-Oxley
Section 404 compliance
§ Comply with SSTI rules
§ Limit the scope of audits (or eliminate them
altogether) and avoid costly penalties
§ Handle international reporting (VAT returns)
§ Stay current on ever-changing tax laws in the
U.S., Canada, the European Union, Asia, and
South America
§ Facilitate tax planning and transaction modeling
of key decisions
§ Integrate seamlessly with leading ERP applications
and scale as your business grows
By mitigating compliance risk and delivering
maximum ease of use, Taxware Enterprise empowers
you to respond quickly and efficiently to all transaction
tax-related issues and cost-effectively maintain compliance.
It also delivers peace of mind thanks to adequate
security policies, effective business continuity measures
and a proven disaster recovery plan that supports
Taxware Enterprise.