EXACTOR EXACTOR Confidential E xactor S ALES T AX C OMPLIANCE S ERVICE.

Slides:



Advertisements
Similar presentations
INTRODUCTION Retail Management Solution supports bar code readers for faster checkout and inventory control, printing of barcode labels and designing.
Advertisements

ITSF STORE BUSINESS SOLUTION PRESENTATION. STORE MODULE INCLUDES: Material Management Purchasing Components Handling Shipments Receiving of parts Store.
Managing Sales Tax with Dynamics NAV. 2 Agenda Complexities of Sales & Use Tax Front End Back End Challenges within NAV Solutions Presentations CorpSystems.
OptiShip ® Multi-carrier Shipping System. OptiShip ® customers save on average 13.6% of parcel shipping costs… OptiShip ® is a comprehensive system that.
1 Effective, secure and reliable hosted security and continuity solution.
Steve Jordan Director. Industry Solutions 05/05/14 Managing Chaos: Data Movement in 2014.
Software Presentation SKOLMS 4.0 Warehouse Management System.
ACCOUNTING SERVICESAUDITING SERVICESCORPORATE SECRETARIALPAYROLL SERVICESINCORPORATION SERVICESIMMIGRATIONTAXATION SERVICES.
SalesPad SalesPad delivers an all-in-one order entry, inventory and sales management solution integrate seamlessly with Dynamics GP SalesPad simplifies.
JEWELLERY MANAGEMENT SYSTEM
Chapter 10: Auditing the Expenditure Cycle
Streamlined Sales Tax Governing Board, Inc.. Automatically handle all local…  sales tax rates  jurisdictions  exemptions  reporting and remittance.
SE 464: Industrial Information systems Systems Engineering Department Industrial Information System LAB 02: Introduction to SAP.
Streamlined Sales Tax Governing Board, Inc.. Automatically handle all local…  sales tax rates  jurisdictions  exemptions  reporting and remittance.
Copyright © 2002 Pearson Education, Inc.
© Prentice Hall, 2005: Enterprise Resource Planning, 1 st Edition by Mary Sumner 7-1 Enterprise Resource Planning, 1 st Edition by Mary Sumner Chapter.
Stubbornsoft. Point of Sale Application Retail & POS Management Solution supports bar code readers for faster checkout and inventory control, printing.
Data software staffing BDUG 2005 Annual Meeting Overview of Products & Services October 25, 2005 Presented by John Kehoe Senior Sales Executive.
MS DYNAMICS. MS DYNAMICS ERP  Microsoft Dynamics ERP is software that allows companies of all sizes to manage their entire business organizations, including.
Database Auditing Models Dr. Gabriel. 2 Auditing Overview Audit examines: documentation that reflects (from business or individuals); actions, practices,
Integrity through Visibility. We believe in VAT At VATSolve … and in doing VAT properly!
Xerox ® ConnectKey™ for SharePoint ® Simple, Smart and Flexible Workflows BR4266 SO1PA-13UA.
Automotive Warranty System 1.  Challenges faced by CIO  Our Solution  Our Methodology  Cloud Based Architecture  Clientele  Highly customizable.
SOA Landscape Recommendations By >. Who we are  Team Members  Company History  Current & Past Client Projects  Note: have fun here. Make up your history.
IdentiTrip 2006 Our Skills Making your Job Easier.
Captcha Soft solutions Pvt Ltd is a recognized name in the web design industry. For the past three years, we’ve been doing what we love: inventing, conceptualizing,
PayDox Corporate Document Management System Rotech AB Interface Ltd Business Software Integration.
Elliott eOrders.Net Edward M. Kwang, President Rachel R. Locklair, Project Lead.
MSF Requirements Envisioning Phase Planning Phase.
A Business solution for your account payable capture process David Dejean.
“the easiest, most accurate and affordable way to calculate and report sales and use tax” for.
ENTERPRISE RESOURCE PLANNING.  ERP is a Enterprise Resource Planning, used by company to help them to store and manage dataevery stage of business and.
MLM Software Development Services India Skylarkinfotech Based in Delhi India is a leading IT solution provider with several year of rich experience in.
VirtualMerchant Secure Hosted Software Solution. Introducing VirtualMerchant  Complete hosted payment solution that instantly transforms PCs into “virtual”
IdentiTrip 2006 Our Skills Making your Job Easier.
ECM in SaaS mode to maximize information sharing in a globalized world Business case: bwin.
Presented by: Dan Sullivan, CEO Assisted by: Scott H. Walters, Vice President, Research & Development Jon W. Abolins, Director, Tax Department Transaction.
Intuit Master Builder 2003 System Tour Intuit Master Builder 2003 We need that estimate today! It takes me 2 days to get out that billing. Where’s our.
Grow your business... Protect their investment. Property Technologies International, LLC Presentation of PTI’s suite of web-based applications for real.
IdentiTrip 2006 Key Features & Benefits All data imported from MIS system Quick MIS upload annually for new intake and class changes No manual input of.
AvaTax ST The fastest, easiest, most accurate and affordable way to calculate and file sales and use taxes.
IdentiTrip Key Features & Benefits All data imported from MIS system Quick MIS upload annually for new intake and class changes No manual input of pupil.
Metadata By N.Gopinath AP/CSE Metadata and it’s role in the lifecycle. The collection, maintenance, and deployment of metadata Metadata and tool integration.
2015 NetSymm Overview NETSYMM OVERVIEW December
The Best Ecommerce Platforms & Shopping Carts for Multi-vendor Ecommerce Marketplaces
Introduction To Procurement Cards and Sales Tax Gregory L. Anderson.
A Global fully incorporated Virtual ecommerce Software Solution.
© Copyright 2011 Softype, Inc. Netsuite Solutions from Softype 31 March, 2011.
1 ZIMBABWE REVENUE AUTHORITY. 2 TAX COMPLIANCE FOR MEDICAL PRACTITIONERS 16 APRIL
©2014 Cleo. All rights reserved. Company confidential. Managing Chaos: Andy Moir Director, Product Marketing 2 Data Movement in 2015.
Anytime, Anywhere Access Benefits Functionality Work Order Administration Dispatch Work Order Work Order Details New Work Order Additional Functionality.
© 2015 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content is prohibited without the prior written consent.
How Sage ERP X3 Systems Can Benefit Businesses.  Sage X3 is an affordable and flexible ERP solution designed to help mid-sized companies manage business.
Wallpaper only – on screen during welcome and chat
TRANSACTION PROCESSING SYSTEM (TPS)
Cathy Harris ERP Support Specialist at Vertex SMB
Sales Tax on ALL Internet Sales?
Software Quality Assurance Software Quality Factor
Part I: Purchases and Cash Disbursements Procedures
ADVANCED REVENUE MANAGEMENT (ARM) FOR ASC 606 COMPLIANCE
STIEL/IPS, Inc. Presents
Vertex & EnterpriseOne
TAXWARE International’s Transaction Tax Server
Managing Chaos: Data Movement in 2014 Steve Jordan
Purchases and Cash Disbursements Procedures
TAXWARE International’s Transaction Tax Server
Mid-size organizations cannot be under the impression they will not benefit from a cloud ERP solution. ERP solutions in the cloud make it possible for.
The Importance of Sales & Use Tax
Simplify Your Sales Process
Presentation transcript:

EXACTOR EXACTOR Confidential E xactor S ALES T AX C OMPLIANCE S ERVICE

EXACTOR EXACTOR Confidential Exactor offers a fully automated end-to-end solution to enable businesses to outsource all aspects of their sales tax compliance needs in a secure, reliable and highly accurate environment.  Exactor’s cloud based Software as a Service (SaaS) offering includes: Tax determination and calculation (ExactoCalc) Both sales and use taxes Transaction life cycle tracking (ExactoTrack); Entity exemption management (ExactoExempt); Tax return – generating and filing tax returns and remitting tax payments in all jurisdictions (ExactoFile); International VAT calculation (ExactoVAT); Address Verification Service (ExactoAVS).  Modular architecture allows users to pick and choose modules that best fit their customized needs;  Automated scalable solution enables providing a cost-effective high- reliability service to a large spectrum of customers.

EXACTOR EXACTOR Confidential FUNCTIONALITY  Exactor’s tax engine is a  tool for the benefit of the merchant,  providing peace of mind, while  reducing legal and tax liability, with  nominal financial impact, and  no impact upon the sale cycle.  SaaS service: Applying advanced web services assures: Zero maintenance. Hosted solutions and rate tables require monthly updates, and dedicated trained personnel to assure these are done accurately and timely.  Exactor’s SaaS Service eliminates the need for any ongoing maintenance; Seamless, transparent cycle.  Does not slow down or otherwise impact the sale cycle.  Audit Trail: Providing a fully trackable defensible audit trail;  Enabling tool Engine modularity enables the merchant to pick and choose which of the services they want to use. Automation and Ease of Use: merchants can easily use and benefit from the system and reduce overhead expenditures

EXACTOR EXACTOR Confidential Step 1: Determine Place of Sale Precise identification of location, using physical address; geo codes; FIPs codes. AVS service to clean the address, conform to USPS guidelines; Apply physical address is used, not zip or zip+4 (which produce inaccurate results) Example – using zip only, which rate do you choose? Basehor, KS Tax Rates: 6.30% & 7.55% Colorado, ZIP has 5 different tax rates, ranging 4.35% % Step 2 : Determine Taxability Identify each separate product Different products are taxed differently, so taxes must be calculated for each invoice line item; Identify whether or not the specific product is taxable; Search special rules, such as: Tax holidays; Min & max thresholds; Reduced rates Apply customer exemption certificates Step 3: Calculate Taxes Apply the correct, product specific tax rate. Calculate Taxes on each line item Standard tables and services do not have this kind of built-in logic, causing the user to oftentimes charge incorrect sales taxes. Failure to Use These Steps Merchants are at risk for inaccurate calculations, for tax difference as well as fines and penalties Proceed to Tax Calculation eCommerce -- complete shopping and proceed to check-out. Accounting & ERP system – complete invoice, quote, sales order, etc Step 4: File Tax Returns Exactor will generate and file tax returns in ALL locations – State and local Exactor does not leave it to the merchant to print and file a return.

EXACTOR EXACTOR Confidential VAT C OMPLIANCE S ERVICE  Calculating. Real time calculation of global value added taxes. Rate accuracy is maintained by Exactor, and the merchant does not perform any data-update maintenance service.  Filing. VAT returns can be filed in most countries, focusing on Europe, Australia and East Asia.  N OT O NLY FOR US B USINESSES Exactor’s International VAT Service is designed for the Global Marketplace. Accurate calculation of sales and consumption taxes in all countries independent of the location of the buyer and seller.  S PECIFICALLY I DENTIFY VAT I N I NVOICES VAT taxes typically need to be specifically listed in the invoice. Exactor's Compliance Service assures that the accurate taxes are seamlessly inserted into the invoice in real time without stopping or impacting the transaction.  E XTRACT VAT F ROM S ALE P RICE The seller has the obligation to specifically identify in the invoice the sale price and the VAT tax charged. Where sale price already includes the VAT tax, Exactor’s Compliance Service will automatically: oExtract the correct and state specific appropriate VAT tax from the sale price; and oInsert into the invoice the required break-down between the net sales price and VAT taxes owing.

EXACTOR EXACTOR Confidential FEATURE ADVANTAGES  Pricing Calculation Filing  Fully integrated calculation service No software to install  Filing Fully automated, comprehensive filing in ALL locations  Reporting Comprehensive, real time, intuitive and easy to use reporting capabilities  Simple and easy to use  Identification of tax jurisdiction by physical address Higher level of accuracy than ZIP or ZIP+4 systems  Tax determined on a line by line item, rather than invoice basis  Tax determined by date of transaction Tax reported only when revenue is actually recognized  International VAT Rates Calculation services  Modular system  SST certification

EXACTOR EXACTOR Confidential THANK YOU!