An enterprise-wide tax sensitized data model that includes tax source data at the beginning of an engagement can offer a significant impact for organizations. Our approach recognizes that tax departments are one of the largest consumers of financial data, ensuring tax functions participate in the planning phase of the S/4 HANA transition so tax data can be aligned with the system of record for tax compliance and audit requirements.

Tax impacts virtually every business and accounting process and transaction posting in an ERP and should be a transformation focal point. The complexity of both direct and indirect tax demands a planned and thoughtful approach, leveraging tax automation and tax engines for transaction and tax determination as part of the integration. We help you throughout an S4 project—from design, to implementation, to maintenance—so your ERP and tax technology are aligned to support all aspects of tax, from compliance to contributing business value.

Authorities are moving quickly toward a real-time, digital tax environment with more rigorous global tax reporting, increased data, and electronic disclosure & submissions, transparency and governance. Deloitte implements tax technology systems which automate and standardize process strategies to increase efficiencies in tax compliance and reporting.

Getting tax right is a regulatory requirement, and there is an increasing need for risk and control frameworks to allow taxpayers to manage global tax transparency demands. Deloitte can advise on current technology architecture, tax planning, impact, and risk associated with an S4 transformation. A Deloitte enabled SAP transformation can help tax departments utilize S/4Hana to manage effective tax rates, improve cash flow, and operate more efficiently while mitigating potential risk exposures.

It is critical to consider the potential opportunities and impact on tax compliance and risk associated with a migration to the cloud or ERP implementation. Having tax involved upfront with tax-aligned data models may help mitigate potential exposures from global regulatory reforms, provide access to tax data that can result in valuable information and insights, impact tax savings, tax risk mitigation and operational efficiency.

If your company is challenged with assessing, improving, or implementing a trade automation solution, then Deloitte can help you unleash the true potential of effectively using technology for trade management purposes. By combining industry-specific technology consulting and specialized global trade knowledge, Deloitte provides services to help clients modernize their trade program by implementing SAP Global Trade Services (GTS) solutions.