Published on: 26.02.2024
Taxmarc marks significant milestone with its global expansion into Asia
We are excited to announce our strategic global expansion with our first office opening in Kuala Lumpur, Malaysia. Our new office will be established as the Global Product Development centre where Taxmarc’s next generation suite of software will be developed. It will also serve existing clients and stakeholders in Asia, offering them better on-demand support. This strategic investment aligns with Taxmarc’s commitment to innovate and to deliver exceptional service and support to our growing global customer base.
For inquiries or further information about our new office in Kuala Lumpur, please reach out to us at email@example.com
Headquartered in the Netherlands, Taxmarc’s suite of software delivers compliant indirect tax solutions that automate indirect tax processes for businesses. Its solutions provide expansive coverage of jurisdictions with its continuously updated strong global content database to help ensure large multinationals comply with the indirect tax laws.
Published on: 15.02.2024
SAP Technical Consultant @ Taxmarc BV
About the job
At Taxmarc we design and develop solutions in SAP to help our clients automate their indirect tax determination and compliance processes. Our core solution is the Taxmarc indirect tax engine that helps our international clients handle the tax determination in complex business scenarios and to remain compliant in the different jurisdictions where they operate. We are growing rapidly and we are looking for talented technical SAP consultants to join our core team in Utrecht.
As SAP technical developer you will be involved in the development of our core tax engine and indirect tax solutions in SAP. You will be responsible for implementing new functionalities, to fulfill new requirements and indirect tax regulations, testing and releasing upgrades as well as providing technical support to the clients running our solutions. You will be actively involved in identifying the best technical solutions together with our SAP development team specialists. As part of your growth you will be involved in training and growing new junior colleagues and your duties and tasks will evolve over the time.
Key Job Responsibilities & Duties
- Analyze business requirements and functional specification and translate them into technical specifications.
- Hands on product development, integration testing and release.
- Resolving product issues and provide technical support to our clients.
- Developing scalable interfaces with other external and customer solutions.
- Create and keep up to date technical documentations and user guides.
- Share knowledge with your colleagues.
- Keep up your knowledge on the latest tax requirements and technology developments to help the team providing state of art and innovative solutions.
- 3+ years experience as ABAP developer.
- Strong analytical skills and business process knowledge.
- Experience working with the SAP Sales and Distribution (SD) and Material Management (MM) modules.
- Excellent communication and problem-solving skills
- Fluency in English. Dutch and or German is a plus.
Are you the SAP technical developer we are looking for? Please send your CV to firstname.lastname@example.org and we will contact you quickly.
Published on: 07.02.2024
We are happy to announce the new enhancement pack 1 for Taxmarc 3 with a lot of new functionalities
In the latest enhancement pack release of Taxmarc 3 (EhP1), we have once again added many client-facing improvements to simplify, reduce implementation time and maintenance efforts. This was achieved by automating the manual work during the initial setup and providing efficient tools for ongoing maintenance.
And the automatic regression testing tool we launched with release 3.0 enables fast, reliable and affordable implementation of upgrades.
An overview of the main updates contained in the 3.1 EhP:
For further information or if you would like to see a demo of the new functionalities, you can reach out to us at email@example.com .
Published on: 01.12.2023
No more need to identify and map all your scenarios as pre-requisite, instantly reducing project cost by at least 50%.
The need to cut cost and increase efficiency when implementing a tax engine has been clear since 2020, when Taxmarc introduced automated scenario determination to replace mapping.
As the foundation for correct and complete indirect tax determination, a blueprint of 100% of your sales and purchase business transactions is needed. To obtain this blueprint, implementation teams often use mapping and data mining to create the required overview based on large data-extractions. With Taxmarc’s intelligent automated scenario determination, companies that run SAP, whether ECC or S4HANA or both, will no longer need to carry out this time-consuming and expensive mapping exercises.
An example from practice:
In 2019, a global chemical company with presence in 18 countries decided to implement a tax engine to meet compliance standards and prepare for S4H implementation. Instead of a traditional implementation with mapping as the first step in the project, Taxmarc runs a tool that automatically determines their scenarios. This tool is developed in collaboration with one of the Big-4 firms and implemented in spring 2020. In its original form, about 10% of all Sales & Purchase transactions were not correctly determined due to missing parameters. After several iterations, the tool was able to correctly determine more than 98% of all transactions without manual intervention. The remaining balance was resolved within days of putting in the necessary configuration. (Personal reference on request)
The time between having the tool installed and full 100% business blueprint determination is now a matter of weeks rather than months – you can use any qualified Big-4 implementation partner to review the results if required. The use of Intelligent Logic enables Taxmarc clients to implement their tax engine faster and better, with the lowest operational costs. Accelerate your tax engine implementation with Taxmarc Automated Tax Scenario Determination!
Published on: 13.11.2023
On November 28th, Taxmarc will join the Tax Evolution Summit powered by PwC. This event is aimed at CFO’s and tax directors and will take place in Amsterdam.
Our valued client ICL will present their indirect tax journey along with many interesting keynotes. If you wish to participate, please get in touch by pressing the button above.
Published on: 28.07.2023
In the new release of Taxmarc, an extension will be delivered to become in full control for pickup scenarios cross border.
In cases of pickup scenarios cross border, shipping documents are required to be provided for full audit compliance. In standard SAP, this is currently not addressed and will potentially lead to compliance issues later.
With this new development, we deliver the option (optional) to create the invoice only when the shipping documents have been received. The shipping documents will then be added in SAP to the sales invoice, making these documents immediately available during an audit.
A cockpit will display all pickup cross border transactions.
In this cockpit, the received shipping documents can then be added to the order and, if the invoice has already been created, to the invoice.
If the choice is made to create the invoice only when the shipping documents are received, there is of course the possibility that the shipping documents are not delivered by the collecting party.
With a simple action you can indicate in Taxmarc that no shipping documents will be delivered for this pickup transaction.
In most cases Taxmarc will then generate the invoice with local VAT/GST. It is also possible that the invoice is put on hold by the embedded tax control framework because local VAT/GST is not desirable.
Published on: 14.02.2023
Why it is important to upgrade your software and how we support our customers in doing so
‘s-Hertogenbosch, 16-02-2023: As businesses grow and regulations change, it is important for each company to stay current and upgrade their software. Software updates provide improved or new features, bug fixing, enhancements to make the end-user experience better. Our developers are constantly working on ways to improve the software, to give greater efficiency to our users.
Upgrading software sounds expensive and risky. However, the truth is that older systems have more issues – and consequently more costs. And the Taxmarc regression test tools take away a lot of the risk and drastically reduce the time to test the new version.
A Taxmarc upgrade can be done at any time. It consists of 4 steps:
- Step 1. Loading latest version from Taxmarc. We reintroduce our product by loading a PAT file. Loading the PAT file overwrites the old version of Taxmarc.
- Step 2. Loading existing Taxmarc configuration. All existing Taxmarc configuration will be loaded back into the system.
- Step 3. Automated Regression Testing. All transactions that have taken place over the past year will be automatically run through the updated engine again. The differences will be listed.
- Step 4. Analyze/resolve test results. The functional implementation partner or the Taxmarc team will analyze the list of differences and resolve them if necessary.
In case of questions, the Taxmarc team is always available to help you.
Taxmarc 2.1 Achieves SAP®-Certified Integration with RISE with SAP S/4HANA® Cloud
‘s-Hertogenbosch, Brabant, Netherlands – 01.02.2023: Taxolutions BV announced today that its Taxmarc 2.1 has achieved SAP® certification as integrated with RISE with SAP S/4HANA® Cloud. The integration helps organizations to automate indirect tax processes for any size business. The product provides expansive coverage of jurisdictions and Taxmarc continually updates its strong global content database to help ensure businesses comply with the indirect tax laws.
The SAP Integration and Certification Center (SAP ICC) has certified that the integration software for the product Taxmarc 2.1 solution integrates with RISE with SAP S/4HANA Cloud using standard integration technologies.
“We are delighted to announce that our Taxmarc 2.1 solution has achieved SAP-certified integration with RISE with SAP S/4HANA Cloud,” said Marc van Rijbroek, CEO of Taxmarc BV. “Businesses who decide to move to SAP S/4HANA Cloud can continue using Taxmarc for all their indirect tax needs and benefit from all its functionality”.
About Taxmarc B.V.
Taxmarc – Automatically in compliance always in control
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Published on: 07.01.2023
New functionality of Taxmarc 2.1
The new version Taxmarc 2.1 certified for SAP S/4HANA cloud, release 2022 includes the following improvements, among others:
- Compatible with the latest SAP technology (e.g. Fiori)
- Real time graphical overview of document flows for all sales and purchase transactions
- More flexibility to implement complex indirect tax rules
- Time stamp on tax classification changes (If government decides to change a range of products from high rate to reduced rate)
- Validation of material tax classifications per country, for EU countries based on commodity codes (via TEDB database).
- Smart online analyses functionality (all configuration steps that influenced the tax code decision will be shown)
- Improvements regression testing tool
In case of questions, the Taxmarc team is always available to help you.
Published on: 10.11.2022
Optimize your tax codes in SAP, work efficient, save money and time
In the event of rate changes, new tax codes need to be setup in SAP. Over time, this results in a myriad of tax codes causing confusion for your accounting department and leading to errors. Because of the multiple recent Indirect tax rate changes around the world, and the 2-character limit in SAP, companies are even running out of available tax codes.
With the integrated Taxmarc Tax Code Optimization module, no new tax codes are required in case of Indirect tax rate changes. Only the effective Indirect tax rate dates need to be changed in SAP.
A unique feature of this module is the centralized tax rate function. Tax rate changes are set up only at one place without the need to replicate these rates in your sales and purchase conditions. This prevents mismatches and unnecessary errors and saves on maintenance cost. Your sales and purchase tax conditions are simply set up once without a rate.