Organizations are continuously facing the challenge of understanding the varying tax environment. While the ERP systems in the companies do help out in streamlining business processes but they end up failing when it comes to tax automation. A lot of information related to tax computation is missed out which leads to taxation errors. If in any way, the missing information is captured, it is also necessary that the updated data adheres to target business rules and validations.
Transactor is a standalone product which works seamlessly with the ERP system of your organization in order to perform online validation and delta capture of missing information required for tax processing during the initial entry stage itself. It is pre-configured to support all the vital transactions in the ERP which affect the taxation process and the support can also be extended to other types of transactions.
Transactor helps you ease out the process of gaining country specific taxation information when exporting products to a different country. It seamlessly integrates with the organizations’ ERP and aids in extracting relevant country-specific information concerning the export. Listed below are a few benefits of Udyog’s Transactor.
Online entry and validation of information not present in the enterprise systems. This eliminates any reconciliation exercise typically done at the time of processing to supply information.
Localization information required for tax processing does not have to be stored in the enterprise systems. This reduces the amount of customization required.
Since Taxilla stores all the data inside its staging database, enterprise systems do not need to send the data to iTax-Taxilla. Transactor automatically loads the data into iTax-Taxilla.
Reduction in the cost of maintenance of ERP systems due to tax changes. If additional fields are required as part of tax code change, Transactor automatically takes care of loading the additional fields.
Instant generation of invoices and other front-office documents without logging in to Taxilla.
Communicates with other ERP systems in real-time for typical tasks like exchanging information, performing additional validations, synchronizing data, triggering external processing etc.
By Udyog Software Marketing Team