Top 10 signs that
your SAP system
can’t manage EU
VAT Complexity
More and more multinational businesses have European operations with complex cross-border flows and multiple foreign VAT registrations. However, SAP is often unable to handle the complex VAT rules and associated reporting requirements faced by such businesses.
Based on our extensive experience of reviewing our clients’ SAP systems across all industries and markets, we have identified the top 10 signs that indicate that your SAP system cannot handle your EU VAT requirements in a compliant and efficient manner.
Increasingly, we see tax and finance staff experiencing the following issues with SAP systems:
- Significant man-hours devoted to checking and validating transactional data.
- The need to develop, execute and maintain bespoke reports either to correct errors or format VAT-return data according to each tax
authority’s requirements. - VAT compliance risk associated with errors, omissions and disclosure discrepancies stemming from underlying SAP transactional data.
Download the guide to understand the top 10 signs that indicate that your SAP system cannot handle your EU VAT requirements in a compliant and efficient manner.
From an IT perspective, the issues with SAP VAT complexity may be different (but part of the same underlying root causes):
* Significant cost and resource-impact to maintain and support the VAT configuration in the face of constant business and legal change.
* Limited internal skills and knowledge to understand and implement correct VAT logic due to the complexity and constant changes
* Loss of continuity, as developments and change requests are implemented over many years by teams who either no longer work for the company
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