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Vertex Enterprise Connector certified for SAP BPC

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Vertex Enterprise Connector 6.0 from corporate tax solutions leader, Vertex Inc., has achieved SAP certification for SAP BusinessObjects Planning and Consolidation (SAP BPC) as powered by the SAP NetWeaver technology platform.

The SAP Integration and Certification Centre (SAP ICC) has certified that Vertex Enterprise Connector 6.0 is powered by SAP NetWeaver.

The Vertex Enterprise solution provides SAP users with an automated integrated provision solution using Vertex Tax Accounting, which reduces manual data manipulation through automated and repeatable processes to minimise human errors throughout the provision process.

With the integration to SAP BPC, the solution enables SAP users to automate data acquisition, systematically convert financial data into tax data and maintain a fully auditable history of the tax sensitised trial balance content. The solution provides a two-way connection, enabling the tax department to export tax journal entries back into the SAP software.

The connector works with SAP BPC to move trial balance data from the source ERP system into Vertex Enterprise, where it is tax-sensitised by the Vertex Tax Performance Engine and stored for use in the end-to-end tax lifecycle. Vertex Tax Accounting uses that tax-sensitised data to manage provision reporting in an automated, integrated way for current tax expense and an organisation’s current tax position, deferred tax expense, prior year adjustments and true-ups, journal entries and account reconciliation, and footnotes and audit reporting.

“Vertex has been a trusted SAP tax partner for 20 years and is now pleased to announce it has achieved another SAP certification,” said Paul Beirnes, director, SAP solutions practice, Vertex.

“This certification is recognition that Vertex can successfully support business processes running in SAP BusinessObjects Planning and Consolidation, providing users with an automated, integrated global provision solution.”

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