Why automate tax management?

Control the unpaid taxes, the payments, the credits, the specifics of each tax, whether municipal, state or federal, gather the documentation to transmit it to the regulatory bodies... How much time does your team spend to fulfill them? company tax obligations manually through tables?

There are hours or days of work so that everything is within the requirements, of the deadlines or is not paid double. The week before the tax audits or the transmission of documents on the SPED ends up becoming synonymous with stress and extra shifts so that everything is organized.

!But it doesn't have to be like that! Because, when automating tax management, manual work is sold in the field and is replaced by agility in the control of tax obligations.

Do you want to understand a little better how this works? This article is for usted

All in one place

The taxes that a company needs to pay depend on several factors, such as the activity carried out, the city in which the tax code is registered and the size of the company. However, controlling all these variables manually takes a lot of effort. When changing a provider, for example, more than one tax may vary.

By automating tax management, the control of this information in SAP Bussines One becomes more agile, as it is not necessary to leave the system, carry out the operation and insert the new step into the new system. The entire operation will be processed within the tax module natively integrated into SAP.

Predictability of the cash flow

When calculating the value of the taxes to be paid in each of the obligations separately, the company may lose the vision of the whole, may escape some debt or make mistakes in calculating the percentage of the tax. Therefore, accounting can only have an estimate of the financial amount to be spent on complying with fiscal obligations.

Gathering all this information in a single system and having conference reports to accurately track all debts and tax credits is what automation provides. In addition, tax percentages and regional tax variations will be available automatically, avoiding errors, penalties and the need for corrections.

All this generates a macro view of how much companies must spend on paying for tax obligations, avoiding surprises and helping to maintain the cash flow in blue.

Other advantages

A tax module related to SAP Business One can also add the following practical options to the routine of professionals.

• Issuance of tax books and main obligations and accessories in a simple, secure and transferable way.
• Personalization and simplification in the analysis of tax data.
• Electronic invoices received, issued and stored automatically
• Issuance of digital tax coupons with greater security and convenience for companies.
• Automatic tax calculations for issuing Invoices.

• Validation and automatic administration of tax documents before SEFAZ.

With this, the teams gain agility, productivity and quality of life in work, as the volume of re-work activities and the load of stress also decreases.

A step towards automation

In addition to all the benefits mentioned, it is worth reinforcing that fiscal management tools ensure the confidentiality of data, guaranteeing its integrity and compliance with LGPD regulations.

A native SAP Business One tax module, such as Icontract, can keep track of all tax obligations, integrate company data in a single place, optimize business management with reporting monitoring and other fundamental steps in business control .

Do you have any other questions? Get in touch with an Inventer and find out how to take companies to the clouds and generate much more value.