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Vertex Cloud Indirect Tax for NetSuite

Status: Unverified

Vertex solutions for NetSuite help businesses of any size to streamline global tax determination and compliance by providing automated tax calculation and returns for sales, use, and value-added tax (VAT) in a single, cloud-based solution. All with comprehensive support, flexible service levels & pricing – and no overage fees.

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Description

Sales & Use Tax Automation

Vertex helps automate sales and use tax compliance for businesses of all sizes globally. 

Real-time tax calculations for all sales transactions:

Quotes/Estimates; Cash sales; Sales orders; Invoices

  • Simplified NetSuite Tax Setup
  • Consumers Use Tax on the SuiteTax integration only
  • Address validation
  • Sales orders: ensure the accuracy of taxes to be collected or paid
  • Invoices: update your tax journal with real-time tax information
  • Credit memos: calculate the correct tax amount for credit memos
  • Cash sales: enter correct tax information for in-person purchases
  • Cash sales refunds: calculate the correct tax amount for cash returns
  • Subsidiaries: separate taxation amount subsidiaries (in NetSuite OneWorld only)

Key Benefits

Automates tax determination for sales, use and value-added
tax, reducing time and effort
• Provides greater accuracy of returns and compliance data
• Scales to meet changing global indirect tax requirements
• Improved ROI and faster time-to-value for the Vertex
tax engine
• Increases the efficiency of finance and tax teams
• Less reliance and burden on IT team
• Improved usability of the Vertex tax engine for reporting
and returns
• Streamlined audit processes and reduced audit exposure
• Backed by Vertex’s global team of Oracle-certified consultants
and support specialists

Proven Solution from a Leader in the Industry

Vertex Cloud Indirect Tax

  • 40 years of tax expertise
  • Leading Tax provider
  • Sales and Use Tax Automation for growing businesses.
  • Three deployment models – on-premise, on-demand and cloud
  • Integrate directly with mid-market ERPs,
  • Procurement solutions, and
  • Ecommerce platforms.

From returns-only processing, tax calculations, and signature-ready PDF returns to outsourcing services that include returns filing and payment processing, Vertex Cloud provides a proven and reliable solution for businesses looking to:

  •  Save time, effort, and risk associated with sales and use tax calculation, returns, remittance, and compliance.
FEATURES

Rate files

Download rate files by:

  • Location or upload addresses for your specific business needs and access tax rate files.
  • Jurisdiction tax amounts are continuously researched and updated, maintaining our tax content to keep you current.

Calculations and Returns in One Solution

  • Perform tax calculations and generate signature-ready PDF returns in one solution.
  • No need to access separate applications for tax calculations and returns.
  • Our innovative interface guides you through a configuration process that allows you to personalize the taxability to make it as simple or complex as you need.
  • With calculations and returns in sync -
  • signature-ready PDF returns are automatically generated for you for each relevant time period.

Returns Only Offering

  • Upload tax data files from any data source and generate signature-ready PDF returns.
  • No matter the source of your data, you can use our returns only offering for your or your clients’ businesses.
  • File and remit payment for the returns yourself, or allow Vertex to file and remit payment for you.

Exemption Certificate Management

Exemption Certificates:

  • Store, update, and maintain your exemption certificates.
  • Efficiently manage your exemption processes with Vertex.
  • Flexibility -
  • Bulk upload or upload them one at a time
  • Set effective and expiration dates
  • Store the certificates
  • Manage customer exemptions within your ERP.

Consumer Use Tax

  • Calculate and report your consumer use tax
  • Consumer use tax can be complicated, with various scenarios triggering a requirement for the tax.
  • Vertex Cloud Indirect Tax enables you to-
  • Calculate and report your consumer use tax, including:
  • Accruals,
  • Asset and Goods Management,
  • Inventory removal,
  • Purchase orders.