Vertex’s Tax Accounting product is now available on the SAP Cloud Platform, adding to the suite of Vertex solutions already available through the enterprise management network.
Vertex Tax Accounting is an enterprise solution, offering financial and tax reporting as well as data for current and past periods for the end-to-end tax lifecycle. The product is a global multi-ledger, multi-GAAP, multi-currency and multi-year solution that unifies data management from multiple sources and provides provision calculation. While the solution manages data from any source, users of SAP software can also use an SAP-certified connector with the SAP Planning and Consolidation application to automate two-way data flow between their financial and tax processes.
“This represents the next step in our 20-plus-year partnership with SAP,” said Paul Beirnes, director of strategic partnerships at Vertex, in a statement. “With this offering, Vertex is accelerating the speed of business by utilizing the underlying SAP HANA platform for our tax accounting solution.”
