A Good Enterprise Resource Planning (ERP) system should be able to give a clear picture of the vital processes of all the departments of an organization with a unified reporting system that helps to analyze the statistics in real time. Though many ERP systems are updated from time to time to match the changing tax requirements, some of them fail to assure accurate reporting and complete data entry. There may be times when you are doing manual data entry but you miss out filling in important information. This happens with ERP systems too.
A lot of required data is being missed out while filling in tax information. This usually increases the number of review cycles and consumes a lot of time and delays the tax filing process.
Taxilla, our cloud based tax automation solution on SaaS platform, can be seamlessly integrated with your organizations’ ERP with a proper implementation plan. It allows dynamic delta data capturing along with its various other offerings. This unique feature allows capturing the missing information required for tax computation and minimizing the chances of an error. The delta capture ensures that all the information is validated before tax processing.
This feature is helpful to organizations when the ERP system is unable to capture the required taxation information. It is embedded with a provision to check and rectify the data online and also enables you to enter additional information necessary for taxation. A complete audit trial also ensures that the updates are tracked efficiently and properly. This function also supports bi-directional feed back to the client’s ERP system.
Moreover, no manual intervention is required to use the delta data capturing function. Dynamic delta capture is the latest technology driven solution to document processing. Invoicing mishaps are common nowadays because of the fields that these documents contain. The more the number of fields, the more difficult it becomes to gain accurate data,
Taxilla provides a cutting edge to the tax processing requirements of the organizations. Thus, it helps in understanding the fluctuating trends of taxation in a much better way and helps gain control over the organizations tax requirements by ensuring clarity in the processes and error free reporting which in turn maintains quality, assures long term savings and boosts the overall growth of the organization.
By Rohit Matlapudi