Exercise a holistic and coordinated approach to complex tax issues with SAP Tax & Revenue Management
Our consultants and industry specialists provide solutions to most pressing tax problems in the public sector. They will assist you with your public sector challenges and help transform the tax department to create a more significant impact. SAP Tax & Revenue Management is used worldwide for public sector and ranges from tax collection to tax compliance, risk detection, and customer care.
Increase collections and maximize taxpayer compliance
As governments around the globe continue to expand, the requirement for various channels of revenue for conveying services to the citizen, residents and tourists increases.This increases the complexity of managing tax risks and complying with reporting requirements multiplies exponentially.
Typically, staff costs form a high percentage of government service expenditures, so there is an opportunity to seize this and use it to a government’s advantage by:
- Investing in new, less expensive ways to deliver frontline services to the citizen,
- Looking at how they can create a more effective back-office, public administrative
- functions for less cost,
- Looking to where others can provide services at a lower price,
- Embracing flexible and adaptive technology.
Inside this evolving condition, the public sector needs one true solution to manage taxes, charges, and state benefits from/for business partners, citizens, students, and taxpayers.
Key challenges facing public sector
The public sector focusses on the following key taxation challenges.
Reduce the tax gap by:
- Making it as simple as possible to comply,
- adequately handling non-compliance
The most effective method to convey a similar degree of service for less finance transmitting authentic efficiency picks up, not just expense decreases.
How to harness new technologies to:
- deliver services to the citizen, when they want them and how they want them
- make it easier for the citizen and businesses to comply with their tax obligations.
SAP's scalable, centrally-managed framework enables us to assist governments in pursuing their goal of accurate, cost-effective compliance and reporting while providing global visibility to the right information for making informed strategic decisions.
SAP's scalable, centrally-managed framework enables us to assist governments in pursuing their goal of accurate, cost-effective compliance and reporting while providing global visibility to the right information for making informed strategic decisions.At Exalogic, we possess vast experience in the implementation of SAP technology to optimize the operation of processes focusing on the management of taxpayer records, current accounts, communication channels with the taxpayers, control of obligations, auditing and collection, all within the scope of the legal framework.
The solution can help you in the following areas:
- Taxpayer Online Services
- Taxpayer Registration and Party Management
- Taxpayer Returns and Assessment
- Financial Customer Care and Dispute Management
- Receivables Management and Payment
- Credit and Collection Management
- Case Management
SAP Taxation and Revenue Accounting Solution
The fundamental arrangement comes with an array of components.
An end-to-end customer experience solution to provide access to businesses. A customer care representative makes use of the existing frameworks for case management of customer relations.
The Public Services Collection and Disbursements (SAP PSCD) component is used for high volume handling of all payment obligations. Standard functions are available for filing the tax documents, managing the taxation rules, setting up, and managing the workflows. TRM is based on Public Sector Collections and Disbursements. It makes use of the common industry capabilities that are in widespread use in the insurance and banking sector and on the utilities and telecom market. PSCD is a world standard and proven in high volume environments in the primary process.
This specific module refers to finance and contract accounts payable. It helps the public sector deal with the more substantial volume of accounts payable. To manage taxes, the business partners (taxpayer), their accounts (tax accounts), and contract objects (objects for taxes), including the related business transactions are managed in Contract Accounts Receivable and Payable.
The team at Exalogic have proven experience in the Taxation domain across the world, and the solution has configurable parameters that allow tailoring to the GCC public sector needs. Exalogic is a premium SAP S/4 HANA Applications Partner and has the industry knowledge and leading-edge capabilities in developing service architectures around SAP for the public sector. Exalogic provides the knowledge and insights from worldwide projects, the essential abilities as an innovator in SAP integration, the capacity, and the ability to deal with the change required by the public sector to face the transformational challenge.