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11364
Innovative Global Tax Solutions for Oracle with Vertex
April 9, 2019
Marc Duclos & Amita Prabhu
Vertex Inc.
Who We Are and What We Do
▪ 40+ years experience – sole focus is tax technology
▪ Leading provider of comprehensive, integrated tax technology solutions for corporations
worldwide
▪ Family-owned – focused on partnering long customer with our corporate customers
▪ Solutions for all tax types (Direct and Indirect)
▪ 10,000+ Total Customers.
▪ 900+ employees.
▪ Strong ERP, Tax Advisory & Consulting partnerships.
▪ Expanding global presence – growing European operations
• Offices in USA, London, Amsterdam and Frankfurt
Vertex/Oracle Partnership
• 25+ year Partnership with Oracle
– Global tax product and customer delivery expertise
– Solutions for all tax types (income tax, global transaction tax, payroll tax)
• Executive Sponsorship from Oracle
– ERP Cloud, JDE, HCM Cloud, EPM Cloud
– NetSuite
– Commerce, Communications and Retail
• Oracle Development Partner
– Jointly developing tax solutions since 1992 (SalesTax/PayrollTax)
• Master Development Agreement between organizations
– Direct access to Oracle Tax Development group
– Primary vendor selected by Oracle Strategy to test tax integrations
• Over 1500 mutual clients
• Mutual customers
– Vertex uses Oracle R12
– Oracle uses Vertex (SalesTax and PayrollTax
Vertex Tax solutions
for E-business suite
In Market – Tax Determination
Inventory Movement
O2C
P2P , Iproc, Isupplier ➢ North America
➢ EMEA
➢ Asia Pac
➢ LATAM
➢ India
➢ China
Vertex Integration Jurisdictions
➢ Private Cloud
➢ Multi-Tenant Cloud
➢ On-Premise
Platform Options
Vertex Tax Solution
for Oracle ERP Cloud
In Market – Tax Determination
Inventory Movement
Non Financial
Financial
➢ United States
➢ North America
➢ EMEA
➢ Asia Pac
Vertex Integration Jurisdictions
➢ Private Cloud
➢ Multi-Tenant Cloud
➢ On-Premise
Platform Options
In Market – Tax Returns and Content
Canada GST,HST,QST
Sales and Use Tax ➢United States
➢ Canada
Tax Type Jurisdictions
➢ Private Cloud
➢ Multi-Tenant Cloud
➢ On-Premise
Platform options
Canada VAT Rate and Jurisdiction
Sales Tax RI and Tax Jurisdictions ➢Unite States
➢ Canada
Cloud to Cloud Tax Solution Flow
Vertex Global Tax Content
Tax Solutions/Services
Real-Time
Batch Calculation
Batch Process: Launch Partner ESS job to import taxes
ERP Cloud Vertex Cloud
Oracle Applications[AR | AP]
Extract Data Files
Upload Tax Response
OracleUCM Server
Vertex Tax LinksTax CalculationProcess Vertex O Series
Calculate Tax Web Services
XML WebService
Tax Calculation Solution – Cloud to Cloud
• Complete Regime to Rate Setups
• Geographies, including Monthly Updates
• Enhanced Data Mapping
▪ Additional Customer Data Sources
▪ Applied Credits
▪ Tax Only
▪ Tax Inclusive
▪ Tax Action Options
▪ Payables Holds
▪ Document or Line Level Processing
▪ OCR Invoices
▪ Supplier Portal
Common/Shared Receivables Payables
Recorded Tax Details
United States
Canada
Global VAT
Taxes Returned at Jurisdiction Level
Charged Tax Prorated Based on Taxability
Tiered and Max Taxes
Partial Accruals
Exemption Details
Direct Pay Permits
GST, HST, QST and PST Separate Regimes
Accrual of PST
Proration Logic for Vendor Charged Tax
Recycling Fees
Recoverability
Currency Conversion
Recoverability
Vendor Registrations
Reverse Charge
Additional Reporting Elements
Rate Codes – Standard, Reduced Rate, Zero, etc.
Import Taxes
Inventory Solution
Calculate Tax Web Services
Oracle UCM Server
Scheduled ESS Output
Step 1 Step 2
Vertex Polling Job Retrieves File
Oracle Inventory
Step 3Vertex ERP
Tax Link
Oracle GL
Oracle Projects
Call to O Series for Tax Calculation
Diagnostic Report
Vertex O Series
Step 4
O Series Use Tax Accrual Results
Step 5
Output Files Sent to Oracle
Step 6
Data Returned:❑ GL Journal Entry❑ Project Expenditure❑ Diagnostic Report
Insert into GL & Projects interface
tables
Tax Link Future Roadmap
Vertex ERP Cloud Solution
• Forbes Article – Oracle ERP Cloud and Vertex Inc.
– SIM Digital – Vertex and Oracle
• Vertex End-to-End Solution Customer Connect Webcast Recording
– Vertex Integrated Offerings with Oracle ERP Cloud
• Vertex ERP Cloud Offering Press Release
– Vertex Launches Tax Solutions for Oracle ERP Cloud
• Vertex Oracle Cloud Marketplace Listing
– Oracle Cloud Marketplace - Vertex Tax Solutions for ERP Cloud
• Oracle ERP Webcast
– Oracle ERP Webcast 10/11/17
• Oracle ERP Video
– Animated Video Vertex/Oracle ERP Cloud
• Abstract and Presentation PDF File
– Vertex Integrated Offerings with Oracle ERP Cloud - Customer Connect Event Page
Session ID:
Remember to complete your evaluation for this session within the app!
11364
