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INDIRECT TAX ONESOURCE Indirect Tax Integration for Concur AP Invoice: Tax Determination In A Secure Cloud Thomson Reuters ONESOURCE Indirect Tax solution offers a cloud-based solution that integrates with Concur AP Invoice to quickly calculate the tax on accounts payable invoices. The integration enables corporations to increase tax accuracy on accounts payable invoices in the U.S.., as well as maintain compliancy, and avoid penalties and audits. SIMPLE SOLUTION FOR COMPLEX TAX ONESOURCE Indirect Tax integrates with Concur Invoice to gather all data required to accurately determine the tax. ONESOURCE Indirect Tax provides a complete, centralized tax solution that is flexible and simple, yet capable of handling the most complex tax scenarios. The ONESOURCE Indirect Tax Determination software evaluates each invoice and calculates any taxes that should be charged by the vendor. Our integration ensures the tax is then returned back to the invoice in Concur. ONESOURCE Indirect Tax does not change the data on the original invoice. An indicator is set to alert the user of the discrepancy if the amount that determination calculates is different than the tax amount charged. All tax determination and calculation logic resides within the ONESOURCE Indirect Tax solution eliminating the need for custom programming or IT support.

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Page 1: INDIRECT TAX...with Concur AP Invoice to quickly calculate the tax on accounts payable invoices. The integration enables corporations to increase tax accuracy on accounts payable invoices

INDIRECT TAX

ONESOURCE Indirect Tax Integration for Concur AP Invoice: Tax Determination In A Secure CloudThomson Reuters ONESOURCE Indirect Tax solution offers a cloud-based solution that integrates with Concur AP Invoice to quickly calculate the tax on accounts payable invoices. The integration enables corporations to increase tax accuracy on accounts payable invoices in the U.S.., as well as maintain compliancy, and avoid penalties and audits.

SIMPLE SOLUTION FOR COMPLEX TAX

ONESOURCE Indirect Tax integrates with Concur Invoice to gather all data required to accurately determine the tax. ONESOURCE Indirect Tax provides a complete, centralized tax solution that is flexible and simple, yet capable of handling the most complex tax scenarios.

The ONESOURCE Indirect Tax Determination software evaluates each invoice and calculates any taxes that should be charged by the vendor. Our integration ensures the tax is then returned back to the invoice in Concur. ONESOURCE Indirect Tax does not change the data on the original invoice. An indicator is set to alert the user of the discrepancy if the amount that determination calculates is different than the tax amount charged.

All tax determination and calculation logic resides within the ONESOURCE Indirect Tax solution eliminating the need for custom programming or IT support.

Page 2: INDIRECT TAX...with Concur AP Invoice to quickly calculate the tax on accounts payable invoices. The integration enables corporations to increase tax accuracy on accounts payable invoices

ONESOURCE INDIRECT TAX

© 2014 Thomson Reuters/ONESOURCE. All Rights Reserved.

888.885.0206 I onesourceindirecttax.com

BENEFITS

Most corporations experience high levels of complexity in managing tax. When prepared inaccurately, companies can overpay or underpay transaction tax. Overpayments can result in significant dollars lost and poor management of cash flow. Underpaying indirect tax may expose your company to unnecessary tax audits, penalties, or interest.

The ONESOURCE Indirect Tax Integration for Concur enables companies of all sizes, across all industries, to efficiently manage their tax lifecycle. There’s no need to maintain tax rates and rules to utilize the integration between Concur Invoice and ONESOURCE Indirect Tax. Simply use the same process for submitting invoices and the tax calculation will occur automatically.

Automating tax calculation on vendor AP Invoice processes gives corporate tax personnel a powerful tool to significantly improve tax accuracy and reduce audit exposure. Thomson Reuters experience as an established expert in tax technology solution provider allows customers to execute tax determinations quickly and securely via the cloud. The integration between Concur and ONESOURCE Indirect Tax solution allows companies to:

• Eliminate tax decisions by AP invoice personnel. No manual jurisdiction code or tax code assignments are required during transaction process ensuring tax precision and accurate accounting.

• Deliver and maintains all tax rates and rules for over 15,000 tax authorities in the U.S.

• Capture data with the standard Concur tax interface data elements.

• Manage all contributing and multilevel tax jurisdictions.

• Implement via the cloud for a faster return on investment.

ONESOURCE Indirect Tax goes beyond calculating tax based on jurisdiction and tax codes. It automatically determines the tax based on each transaction.

ONESOURCE Indirect Tax uniquely determines use tax based on standard Concur data elements and provides monthly, automatic updates on tax rates and rules ensuring tax calculation accuracy. This integration ensures Concur customers can quickly and securely execute tax determination on vendor invoices for the U.S.

Learn more by visiting the ONESOURCE Indirect Tax details via the Concur App Center.concur.com/en-us/app-center

CONTACT US TODAY:

1.888.885.0206, Ext. 1

onesourceindirecttax.com

[email protected]


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