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SAP Excise Tax Management

Centralized tracking of excisable goods movement and tax value calculations

We’re Extending SAP Capabilities Across Vistex-Enabled Processes

We’re Extending SAP Capabilities Across Vistex-Enabled Processes

SAP S/4HANA Cloud Private Edition, excise tax management by Vistex is designed to help companies dealing with excisable goods to manage excise tax-relevant master data, track the movement of excisable goods and calculate accurate tax amounts. With increasing regulatory complexity, new taxes and advancements in technology -- the solution is designed to handle complicated excise tax schemes, end-to-end goods tracking- and tax-related processes and high volumes of inventory data, plus provide flexible reporting as business requirements change.

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Accurately Calculate and Report Excise Taxes

Companies dealing with excisable goods like alcoholic beverages, tobacco, sugar and chemicals need to accurately calculate and report excise taxes to remain legally compliant. The solution reduces the cost of tax accounting and reporting by incorporating excise tax processes into existing workflows, tracking all excisable goods movements and offering simplified stock ledger reporting. By providing comprehensive customizing and maintenance functionalities for tax-relevant data, the manual effort associated with data management is significantly reduced. In addition, compliance, risk management and audit costs are lessened by simplifying legal reporting and providing a seamless audit trail of excisable goods material movement.

SAP S/4HANA Cloud Private Edition, excise tax management by Vistex

is an embedded S/4HANA solution that integrates with sales, procurement, supply chain and billing processes.

Extend the Master Data Framework

Extend the Master Data Framework

Provides the necessary foundation to create and manage excise tax-specific master data.  

Track Excisable Goods Movement

Track Excisable Goods Movement

Automatically determines excise tax-relevant material movement and books them into the stock ledger.

Calculate Tax Value

Calculate Tax Value

Enables the calculation of actual and statistical excise tax values integrated into business processes. 

Manage Accruals

Manage Accruals

Automatic accrual creation simplifies the handoff of payments to tax authorities via S/4HANA.

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SAP S/4HANA Cloud Private Edition, excise tax management by Vistex

SAP S/4HANA Cloud Private Edition, excise tax management by Vistex

See how this co-innovation with SAP offers centralized tracking of excisable goods movement and tax value calculations