The proper calculation of excise taxes in the oil and gas industry is a complex task. In each process, there are many different factors that influence the tax rates: Products and blends (including bio fuel blends). Origins and destinations. Effective dates and exemptions. Branded and unbranded products. Gross or net volumes.
In North America, the different tax rates are regulated by the Federal Government as well as State Governments and Local Governments. Independently of each other, the jurisdictions adjust the rates several times a year. This presents oil and gas companies with a major challenge: To keep an overview and stay up to date in this ever-changing environment, where every small inaccuracy or error can have big consequences.
How does the Avalara Tax Connector 1.0 work?
Implico has partnered with tax specialist Avalara to build a connector from SAP ERP to the proven tax tool AvaTax Excise. AvaTax Excise enables relevant tax determination and calculation for the O&G industry's many-faceted processes.
The Avalara Tax Connector 1.0 is integrated into SAP's standard sales and purchasing pricing functions. The package provides a fully functioning pricing procedure with all tax conditions and the connector logic. A separate configuration tree allows for specific custom requirements. Also, it enables the users to adjust interface mappings.
View the Avalara Tax Connector 1.0 in the SAP Certified Solutions Directory.
For energy suppliers, distributors, retailers, traders and other companies.
The external tax engine is embedded in all key access points for both purchases and sales.
To ensure consistency and manage complexity as the company grows.
To guarantee that the installed version of the connector and tool are always up to date.
On-premise and cloud certification for S/4HANA 1909 and 2020.
The AvaTAX SAP Connector supports deployment via the mentioned SAP integration scenario.
Fully aligned with the latest tax rates applicable for your business.
Due to quick and correct invoicing – which is key to building a trusted relationship.
Thanks to fully automated and digitalized calculations and other procedures.
Via flexible, scalable and impromptu tax calculation and processing.
At any time, your tax team can quickly and easily access the information they need.
Allowing you to adjust the connector and the tax tool to the development of your business.
We are the Implico Group. We empower storage, distribution and retail companies to excel on their digital transformation journeys. We focus on downstream and related fields of work.