CCH CorpSystem Sales Tax Office Version 3 Enhances Exemption Management
Wednesday, April 28, 2010
Posted by: Doug Donald
New capabilities in managing exemptions both for customers and for procurement are among the enhancements available in CorpSystem® Sales Tax Office Version 3.0 from CCH, a Wolters Kluwer business, the global leading provider of tax, accounting and audit information, software and services (CCHGroup.com). CCH announced the new release at Microsoft’s Convergence 2010 conference in Atlanta on April 24.
“The enhancements and refinements in this new version of Sales Tax Office confirm that CCH is delivering on its goal to produce the most innovative, best-of-breed solutions in the marketplace,” said Bruce Krumlauf, CCH Sales and Use Tax Product Manager.
New Customer Exemption Management Functionality
With a built-in Customer Exemption Management module, users can now manage customer exemption certificate information directly in Sales Tax Office. Exemption information can be exchanged between Sales Tax Office, the company’s ERP or any third party Exemption Certificate Management system via web services.
“With Sales Tax Office, there’s also no need to maintain multiple customer records when the customer’s exempt status varies from state to state,” Krumlauf said. “This makes exemption management exceptionally efficient.”
Sales Tax Office also now supports custom exemptions for procurement. These include both conditional and partial exemptions and the ability to allocate which percentage of a purchase is exempt and which is taxable based on conditional logic.
In addition to these enhancements:
· The Look-up function now includes a combined rate;
· The Locations function now supports location-based filing requirements;
· The sourcing algorithm has been enhanced; and
· The 3000 line item per invoice limit for web service transactions has been eliminated.
CCH CorpSystem at Convergence
CCH will feature its market-leading sales tax solutions, including the new CorpSystem® Sales Tax Office Version 3.0, at Convergence 2010 in Atlanta April 24-27. CCH solutions can be viewed at Booth 1207.
CorpSystem sales tax solutions include end-to-end sales tax compliance tools to meet the unique requirements of businesses. These solutions include comprehensive and accurate rates, sophisticated calculation solutions and automated returns. CorpSystem’s integrations work with a company’s accounting system, online shopping cart and order management system to reduce the time spent researching tax rates, taxability rules and tax forms.
CorpSystem Sales Tax Office is a state-of-the-art tax calculation system that combines industry-leading tax rate and taxability content from CCH with highly accurate jurisdiction boundary information and sophisticated logic capable of supporting the most complex sourcing and sales tax calculation rules. Sales Tax Office handles real-time sales tax calculation for multiple business entities and/or divisions, multiple ERP modules or even different ERP systems.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is the global leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CorpSystem®, CCH® IntelliConnect™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a market-leading global information services company. Wolters Kluwer has 2009 annual revenues of €3.4 billion ($4.8 billion/£3.0 billion), employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.