Did you know that Brazil has one of the highest tax complexity rates in the world? According to the international ranking Tax Complexity Project, the country ranks first in tax structure (payment, filing, audits, etc.). However, tax compliance processes have helped tax managers control and manage information and operations, contributing to the financial health of the business.
Generally, companies need to seek a more robust solution to support the tax part, and Oracle JD Edwards, one of the most complete ERPs on the market, is among the best solutions to scale the business.
The company has a positive impact, as it makes the system quite robust and allows for rapid technological advancement, keeping it ahead of competitors from a systemic perspective.
With Tax Compliance, supported by Oracle JD Edwards, your company can advance and achieve greater maturity in the tax area — making tax processes 100% automated and integrated.
Benefits of using Oracle JD Edwards with Tax Compliance
It is important to emphasize that Oracle JDE is an excellent management system and, in addition, there is a continuous advancement of this product on a global scale, already incorporating other technologies such as IoT, notification features, and everything that is currently the latest.
Thus, your company can validate tax rules, assessment rules, withholding, and bookkeeping.
The company gains more productivity, as it uses fewer resources within the tax area.
Oracle JD Edwards is prepared to handle the tax treatment related to the calculation of taxes on incoming, outgoing transactions, and in finance. This facilitates the preparation and submission of accessory obligations by the tax department.
In summary, with JD Edwards, your company can minimize human errors and ensure more agility and accuracy in the tax, financial, and other departments involved in tax calculation (such as sales, for example), making it possible to make better decisions, correct errors, and ensure compliance with current legislation.
JD Edwards encompasses the Brazilian tax model and is the perfect tool to assist in automating your business processes, facilitating routines and ensuring correct information.
Contact Go On and find out what else we can offer your company!