Taxware Achieves PeopleSoft Integration Certification for Supply Chain Management
Monday November 11, 8:32 am ET
SALEM, Mass., Nov. 11 /PRNewswire/ -- Taxware (www.taxware.com), a leading developer of worldwide commercial tax compliance systems and a division of govONE Solutions, announced today that PeopleSoft Inc. (Nasdaq: PSFT - News), a leading provider of application software for the real-time enterprise, has certified the integration between PeopleSoft® Supply Chain Management 8.4 and Taxware's 3.4.2 Sales/Use Tax System. Taxware provides a comprehensive solution for automatically calculating and managing sales, use, and consumer taxes for PeopleSoft 8.4 Order Management and Billing users.
The Sales/Use Tax System integrated with PeopleSoft Supply Chain Management 8.4 includes two key features, VERAZIP® and STEP®, that enable the system to automatically calculate sales, use, and consumer's use taxes. The Sales/Use Tax System's Tax Master File covers all U.S. tax jurisdictions and Canadian provinces and is kept current with monthly updates. VERAZIP acts as a pre-edit for address verification matching state, ZIP code, city, and county information to ensure the address is correct and complete so that the correct taxing jurisdiction can be determined. Sales Tax Exemption Processing (STEP) enables error-free handling and reporting of tax-exempt sale and purchase transactions. STEP processes, stores, tracks, and maintains tax exemption certificates, and singles out those certificates that are nearing expiration prior to the date.
Taxware's solution combined with PeopleSoft provides customers with a:
Cost-effective system that alleviates the need for additional tax or accounting resources.
Comprehensive solution that eliminates the need for manual tax calculation and the updating of frequently changing tax rates.
System that provides both a U.S. and Canadian tax solution.
Taxware's robust solutions will provide PeopleSoft 8.4 Order Management and Billing users with a cost-effective system that enables continued tax compliance and significantly reduces overhead costs and audit exposure.
"Calculating accurate sales taxes and tracking the ever-changing tax laws can be time-consuming and expensive tasks," said Larry Powers, vice president, business development, Taxware. "Taxware products can help to reduce those expenditures, and, when used as part of the PeopleSoft solution, will assist organizations in achieving the necessary competitive edge."
Taxware's certified software integration for PeopleSoft SCM 8.4 is available for Microsoft® Windows NT®, AIX, HP and Solaris(TM) operating systems.
About Taxware
Taxware, a division of govONE Solutions, is a leading developer of global commercial tax compliance systems. Taxware's products simplify the tax calculation and compliance process with solutions for sales and use taxes, exemption processing, automated returns, e-commerce transactions, taxing jurisdiction assignment, and value added tax (VAT) for businesses around the globe.
About govONE Solutions
govONE Solutions, LP (www.govonesolutions.com ) offers electronic payment, tax calculation and compliance and IT advisory services to federal, state and local agencies, financial institutions and businesses. A market leader, govONE Solutions serves more than two million taxpayers, processing 40 million payments valued at $1 trillion annually. The company's Taxware (www.taxware.com ) division provides global commercial tax compliance systems. GovConnect (www.govconnect.com ), a govONE Solutions subsidiary, provides electronic service delivery, consulting and technology solutions to the government marketplace. govONE Solutions is an operating company of eONE Global, LP (www.eoneglobal.com ), a leader in the emerging payment technologies and systems spanning the government, mobile and enterprise marketplaces, and majority-owned by First Data Corp. (NYSE: FDC - News).
govONE Solutions, LP. All rights reserved. The Taxware and govONE Solutions name(s), logos, related trademarks and service marks, are owned by govONE Solutions, LP. PeopleSoft is a registered trademark of PeopleSoft, Inc.
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Source: Taxware |
