Countdown to Brexit: Urgent Actions for Businesses to Comply with New VAT and Customs Rules

In December 2018, KMD was purchased by a Japanese Company called NEC. Changes occurred with the acquisition, such as the introduction of a new Global Chart of account. Furthermore, the fiscal year had to be changed. To adapt to these changes, KMD implemented an SAP S/4HANA for Group Reporting. This allowed KMD to reduce their closing cycle for Group Report from 8 business days to 4.
Attend this session to learn to learn how KMD accomplished the following:
- Improving data quality to autogenerate cash flow on the fly
- Decentralizing consolidation from corporate to local
- Creating the “perfect” balance for non-SAP S/4HANA Finance companies

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The road to business recovery: understanding the tax compliance gaps in your SAP solution

Webinar – Available On-Demand

As your business begins to look ahead at technology expansion, now is the time to evaluate the global tax landscape and the capabilities of your SAP platform. Join tax compliance experts from Avalara and Ryan for a discussion about some of the most frequently asked questions from SAP users. Join this webinar to learn about:

Part 1: Impact of the latest VAT legislation, Brexit and COVID-19

• How is COVID-19 affecting tax legislation in 2020?
• What will the new 2021 import and export customs and border procedures look like?
• What steps should companies moving goods between the UK and EU now be taking?

Part 2: Performing a gap analysis of your VAT compliance landscape

• How to identify impacted people, systems and processes?
• What are the key data requirements needed by tax authorities for VAT compliance, including the latest legislations?
• What are the capabilities and current limitations within SAP 4/HANA and ECC6.0?
• How can businesses streamline costs and avoid custom IT development for tax compliance?

Register Now!