Taxmarc is an SAP certified indirect tax engine (add-on) solution realizing automated indirect tax determination based on real time data for incoming and outgoing invoices.
Taxmarc extends standard SAP’s indirect tax logic to meet a company’s indirect tax reporting obligations. Taxmarc is based on the principle that all indirect tax relevant data is captured within (standard) SAP and it enhances tax functionality in SAP without changing the source code of the SAP system (no core modifications).
- Standard SAP Our solution is based on the principle that all indirect tax relevant data is captured within (standard) SAP and is SAP certified for both ECC and S/4HANA.
- Compatible with all SAP versions Our solution is built in its own registered namespace and intergraded in standard SAP through enhancement and BADI’s (no core modifications). It is therefore compatible with all versions of SAP including SAP S4 HANA.
- Independent embedded engine Indirect tax determination is done within SAP with standard SAP functionality. Taxmarc runs independent from existing (old) developments. There is no need (except US) to communicate with an external tax engine. There is no impact on existing developments because of this ‘Stand-alone’ principal.
- Data linking Our solution improves data linking in SAP to achieve automated indirect tax determination in multi document business flows in an accurate manner. For example, AP and AR data are linked for the automated indirect tax determination of supply chains exceeding two parties.
- Data gathering 75% of our agent solution is based on intelligent data gathering within SAP.
- Core engine Our Core engine also runs in SAP but is a complete stand-alone solution that can be connected to directly from the (same) client system, from other SAP systems in the client’s landscape through RFC or by external systems through webservices.
- Tax control framework A tax control framework (TCF) at transactional level is embedded for each supply chain transaction. Real time email messages can be sent by the TCF alert function.
- Navigation With the embedded navigation tool a tax manager does not need SAP knowledge. All relevant data for the complete flow needed to analyze a problem is captured and displayed in one place
- Integration of non-SAP systems If you also use non-SAP systems in your organizations, these external systems can still connect to the SAP Core through a webservice. This guarantees that your non-SAP systems will follow the same tax rules as your SAP systems.
- Maintenance / Instruction guide The Taxmarc control panel is the central point to access your day-to-day operational tools. The embedded Taxmarc Implementation Guide contains detailed online documentation for implementation
- Tax data warehouse / data quality All relevant indirect tax data is (separately) stored in the SAP database owned by you. This provides real-time access to the company’s sales and purchase blueprint.