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Tax Is An Unavoidable Part Of International E-Commerce Solutions

Tax-News.com, New York

08 October 2002


According to Roger Wilkins, Director of International Business Development for Taxware (www.taxware.com), suppliers of e-commerce and ERP (Enterprise Resource Planning) systems, who are facing lack-lustre markets, could drum up much more customer interest by incorporating tax solutions into their packages.

“Tax may seem an unlikely source of potential revenue”, says Wilkins, “but leading vendors such as SAP, Oracle and Lawson have already grasped that international trade creates niche challenges for their customers that ERP and ecommerce solutions cannot meet on their own. By partnering with Taxware, a content provider specialising in tax, ERP vendors can provide their customers with a VAT and GST tax calculation and compliance solution that can improve efficiency, ease the audit process, reduce costs and ensure compliance with the multitude of tax rates and legislation that affect international transactions. And unlike traditional enterprise software, updates to Taxware’s content-driven solutions are provided automatically and are quick and inexpensive to install.”

Wilkins points out that international trade presents company finance departments with huge tax research and software maintenance issues to ensure that their companies comply with the rapidly changing world of indirect sales and consumption taxes. By providing accurate and up to date tax data, Taxware’s WorldTax system maintains the end users’ tax compliance status. Integrated with a company’s core transaction engine, WorldTax automates the tax calculation, compliance and reporting process. Taxware’s large tax research department is constantly updating and expanding the tax databases that form the heart of the system with updates provided to customers in a timely and regular manner.

Roger Wilkins concludes: “Every company that trades internationally has a potential tax compliance issue to address. The higher the volume of trade and the larger the number of countries with which trade is conducted, the greater the tax calculation, compliance and reporting issue. For the end user, the problem manifests itself in the high cost of tax research and system maintenance and the nagging concern that compliance is not being achieved. With a Taxware content-driven solution in place, companies can be confident that their tax compliance issues are being addressed and significant savings in their tax and finance departments can be realized.”

Taxware is a division of govONE Solutions, a leading developer of global commercial tax compliance systems. govONE Solutions offers electronic payment, tax calculation and compliance and IT advisory services to federal, state and local agencies, financial institutions and businesses.


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