We have been very impressed with your team’s knowledge of Oracle and the 24X7 around the clock support.
What sets your company apart is having knowledgeable staff on operating systems in addition to Oracle DB as well as the applications which reduces the need of having several parties in a conference call.
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Nasser Dastmalchi, CIOSpectrum Lab. Products, Inc.
As an Oracle Partner providing implementation and optimization services around the Oracle E-Business Suite, SamaraTech has become the established leader in designing and delivering automated Vertex tax solutions for Oracle clients. These Value add products help Clients to harness complete benefit of their investment in ERP solutions
Vertex Oracle Solutions provide a best-practices approach for faster and more cost-effective implementation of complex tax management systems. The benefits of the implementations are
Services offered
- Improved tax compliance by reducing transaction tax error rates
- Reduced Tax audit objections and exposure
- Payment controls in AP minimizes tax overpayments to suppliers
- Improves SOX 404 compliancy and Tax Departments can focus on core value-add areas of audit control, tax planning and strategy
- Simplified tax return filing processes and reconciliation with Oracle
- Automated business flow with leverage of Oracle Workflow functionality to create a “proactive” tax compliancy environment
- Tax Departments can change configuration settings without dependence of IT department for coding and testing cycles
Solutions for Oracle Release 12 and E-Business Tax
With Release 12, Oracle introduced a new tax framework called E-Business Tax. This global tax module includes the capability of integrating with 3rd party tax applications, such as Vertex O Series, for an even greater level of tax compliance and efficiency. Vertex is the only tax solution provider selected as Oracle's testing partner for E-Business Tax.
Vertex Sales Tax O Series Link for Oracle Integrates with the following Oracle modules:
- Order Management
- Estimation of Sales Tax on Standard Sales Orders (real time calculation)
- Accounts Receivables
- Calculation of Sales Tax on Standard AR Invoices
- Credit memos/Debit memos & Adjustments
- Recurring invoices
- Manual invoices
- iReceivables (credit memo requests)
- Service & Project Billing (via AutoInvoice to AR)
- CRM (iStore and Quoting via Order Capture)
Vertex Consumer Use Tax O Series Link for Oracle Integrates with the following Oracle modules:
- Payables
- Verify vendors charged sales tax or self-accrue use tax
- Purchasing
- Estimate sales tax on POs, and update committed spend in Projects
- Inventory
- Self-accrue use tax on material transaction movements
Features and Functionality of the Vertex Tax Links for Oracle:
- Provides real-time response and batch-mode processing options
- Provides a Client Extension for customer specific tax element sourcing rules
- Enhances address validation functionality in Oracle E-Business Suite
- Includes configuration forms to control tax settings at an Oracle operating unit level, as well as specific jurisdiction levels
- Updates the Vertex Journal to record use tax, and synchronizes Oracle and Vertex
