Tax Technology

Use Tax Management Solution

Ryan understands that no matter how you do it, manual use tax calculation is difficult, error-prone, and labour intensive. It requires multiple transactions using varied tax rates based on where you buy, make, ship, warehouse, and sell, which leads to costly miscalculations. Manual processing gives you little visibility into your tax compliance and its impact on Sarbanes-Oxley reporting requirements. ERP systems may be good at many things, but they aren’t designed to track and manage use tax.

Ask yourself these key questions:

• How is your company currently calculating use tax in SAP^®?
• Does Purchasing determine tax codes on the purchase order?
• Does Accounts Payable assign tax codes on the invoice?
• Are you using standard percentages and a little guesswork?

Your ERP System Isn’t the Answer
ERP systems may be good at many things, but, even combined with third-party tax calculation software, they aren’t designed to track and manage use tax. ERP systems lack functionality to deal with the complexities of the internal processes that are subject to tax, the number of product codes, and the intricacies of use tax rates.

Automating Use Tax Management Saves Money and Eliminates Errors
SAP users have a better solution for use tax management and compliance. TaxDecisionERP is a comprehensive, multistate use tax decision automation solution that integrates with SAP ERP applications and external tax packages, enabling you to automate and centralize tax management by:

• Establishing upfront product and tax rules
• Supporting reconcilliations and audits with real-time reporting
• Adjusting tax-only debits and credits

Ryan’s TaxDecisionERP performs the following functions:

• Stops tax overpayment and avoids penalties from underpayment
• Improves cash flow by paying tax on actual use rather than at invoice
• Eliminates labour hours spent manually calculating and correcting use tax
• Enhances audit and traceability tools for Sarbanes-Oxley documentation and control
• Generates real-time calculations as goods are issued and services are delivered
• Automates the multistate use tax process

Stop Tax Overpayment and Avoid Penalties
With the TaxDecisionERP solution, you empower tax professionals with visibility and control, and give them the ability to enhance the bottom line. The TaxDecisionERP solution provides precise application of product codes, tax codes, and tax rules to automate tax calculations as use is determined. Our services include:

Business Assessment
Ryan professionals evaluate and address each stage of the use tax management and reporting processes. We analyze current use tax procedures, review SAP environments, determine compliance requirements, perform a best practices gap analysis, and identify the benefits of using the TaxDecisionERP solution.

Use Tax Recovery Services
To provide maximum benefit to clients pursuing use tax improvements, Ryan provides integrated services that address each stage of the use tax recovery and management processes, including:

• Feasibility studies
• Troubleshooting and evaluation services
• Process and technology implementation services

Application Implementation and Integration
Our experienced team of technology professionals provides a comprehensive approach to project planning, needs identification, technology review, software selection, implementation and integration, testing, end-user training, and post implementation support.   Ryan’s expertise in tax minimization and SAP application optimization ensures that this solution meets all the requirements for multistate use tax compliance.

Tax Transformation

Ryan’s experts are focused on defining and delivering transformation to clients that generates the most value for their tax functions. Our approach is different from others in the following ways:

• Flexibility – Helping you get the best out of existing systems, data, and teams
• Approach – Change management focus with hands-on delivery without audit independence issues
• Expertise – Market-leading tax, technology, analytics, and transformation expertise—globally
• Independence – Focused on maximizing value by choosing the right approach and solutions
• Knowledge – Practical knowledge of the market, emerging trends, and technologies

Our Services

• Creating a vision, strategy, and roadmap
• Developing business plans for tax and organization change
• Deployment of emerging technologies (RPA, ML, ETL, and more)
• Efficient utilization of existing systems (ERP, tax software)
• Global tax payment automation (Ryan TaxPay)