Complexity of this scale requires automation. Manual solutions and ERP systems simply leave too much to chance.
Complexity of this scale requires automation.
KPMG LLP (KPMG) and Thomson Reuters provide a complete set of services and technology that can help clients reduce the costs and risks of error in managing indirect taxes and use taxes. KPMG’s Indirect Tax Practice and Thomson Reuters’ ONESOURCE™ Indirect Tax technology can help multi-national companies manage, calculate, and report taxes, while helping to ensure accuracy, compliance, and avoidance of risk.
The ONESOURCE tax determination engine integrates with existing ERP systems or backend financial applications in real-time. All enterprise applications can use a single, scalable instance of the tax engine, enabling you to enforce business-specific tax policy consistently across multiple systems. KPMG is experienced in adapting the engine to meet the unique global requirements of the Consumer markets, Financial services, Manufacturing, Oil & Gas, Power & Utilities and other sectors.
Recent industry developments make accurately managing use tax more critical and complex
Increasingly complex supply and distribution chains make tax tracking more difficult
The list of assets and real estate to track and manage makes tax determinations difficult
Managing tax incentives, exemption certificates, and regulatory reform requires expertise
Reducing tax risk and costs with indirect tax management
A new integration framework can simplify indirect tax compliance for SAP customers