Our Solutions > US (Sales and Use Tax) Solution
Fully automated and fully supported. The most cost effective Oracle Indirect Tax solution on the market built only for Oracle because it is Oracle.
With R12 and Cloud (Fusion), Oracle has arguably one of the most powerful Indirect Tax engines for any ERP or indeed any product on the market today, including third party tax products such as Vertex, Taxware, Avalara or OneSource. So why do so many companies use a third party tax provider for US Sales and Use tax?
There are three main areas to consider:
First, the number of rates that need to be maintained are huge. Our solution has more than 143,000 rates with some 64,000 jurisdictions created. If you operate across multiple states, the prospect of having to maintain all of these rates is not only daunting but probably impossible without a team of people calling each state, county or city to check on rate changes. In addition, because US taxes are so dependent on the location of the customer the geography hierarchy has to be 100% accurate. There are nearly 200,000 states, counties, cities and ZIP codes that while they don’t change very often, when they do, you need to modify your own.
Next we have exemptions. What can be exempt in one state may not be in another and the intended use of a product can be treated differently. To cater for all the possible rules, a huge amount of planning and physical configuration is needed which leads to the fourth issue – configuration time.
Finally, even if you could get the right people with expert eBTax skills it would be extremely time-consuming to build, test, maintain and then repeat for all your instances. Those who have attempted to configure a process usually have to scale back the overall solution because it is too costly and protracted to manually create all the setups. Some third party tax providers are not as familiar with the capabilities of eBTax as we are. Tennessee Single Article threshold rules? With a little tweak, we have them working perfectly – with no customisations to the tax logic at all!
Why are Innovate Tax different?
We are Oracle experts. We can integrate your third party tax engine with Oracle. But unlike many tax engine integrators on the markets, we know the best and quickest way to integrate Oracle and to help users understand the process. We can map the third party into Oracle and more importantly integrate the third party tax solution with the native Oracle tax engine that will be used for other countries.
While we can help you integrate a third party tax provider either as a combination of Oracle for AP and the third party solution for AR or using the third party provider entirely, we can also provide you with a tax solution that is built in Oracle and more tailored to your requirements. We can deliver a solution that hugely reduces your costs, is easier to maintain and is much more user friendly.
The solution is simple. We can either manually supply the rates you need, if you have a very small customer base, and easily maintain the tax rates or provide you with a maintained monthly load of all the rates mapped to multiple location criteria. From State to ZIP+4 we can use any provided rates file from the likes of CCH, Vertex or Taxware.
We use tax rules within the Oracle Tax Engine to handle all exemptions and exceptions, whether by service, intended use or any other driving factor you may have. We utilise our eBTax Rapid Install™ tool to load these rules onto any of your instances in minutes rather than the days it would take if manually configured.
The areas that Oracle does not handle so well such as Min Max Rules or tax thresholds such as those used in Tennessee or North Carolina Machine Tax rules are handled by small customisations so if you have been told the Oracle engine cannot handle US tax, they were wrong. You just need someone who knows how.
The benefits are numerous. There is no external software installed. No additional tool to master. No additional software licences. No requirement to map. Data including geographies are shared across other Oracle modules. Easier reporting capabilities. Part of a truly global solution. A clear upgrade path to Fusion Tax and of course with our support option, you are supported by Oracle experts through any issues you may face.
We provide the third party tax solution without it being a third party
Contact us to find out how we can bring the solution to you. Put it all in Oracle and meet all your Sales and Use tax requirements.