Listen to our new short podcast series to hear about the top 10 signs that your SAP system can’t manage European VAT complexities. In each podcast, experts from Meridian Global Services and Ryan discuss a new challenge and describe how best to solve it.
In previous episodes, we touched on the use of condition records to arrive at VAT decisions in SAP, as well as the need for manual changes to VAT characteristics of sales orders. In this episode, we take the discussion further to explore the issues businesses face when utilising European Union (EU) triangulation simplification, as well as how to update SAP to reflect these flows.
Triangulation is one of the most complex areas in VAT. Many businesses will be involved in three-party transaction chains that qualify for the EU triangulation simplification; however, standard SAP has limited functionality within this area, relying on manual actions during the sales order process. Ensuring staff correctly recognise when triangulation applies is a huge challenge.
If you have any questions, suggestions for future content, or difficulty listening to the podcast, please contact email@example.com.
Watch out for further podcasts in the series coming soon.