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ADP Unveils Enhanced Taxware Enterprise System to Help Lower Total Cost of Ownership for Organizations - Data editor integration enhances ease of implementation and greater efficiency (NASDAQ: ADP)
ADP Unveils Enhanced Taxware Enterprise System to Help Lower Total Cost of Ownership for Organizations

 

PRZOOM - /newswire/ - Roseland, NJ, United States, 2010/11/08 - Data editor integration enhances ease of implementation and greater efficiency (NASDAQ: ADP). NASDAQ: ADP

   
 
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ADP ®, a leading provider of HR, payroll, tax, business outsourcing solutions and benefits administration services, today announced that its Taxware Enterprise System now features ADP’s Data Editor in a hosted environment. The Taxware Enterprise System, ADP’s Sales, Use and Value-Added Tax (VAT) System, is available as a hosted or on-premise solution and is ideally suited for multi-national companies with particularly demanding transaction tax requirements. It is also a highly advanced domestic sales and use tax solution designed for companies doing business in the United States and Canada.

“We are excited to get Taxware Enterprise with Data Editor core technology into the hands of tax professionals, who are now expected to keep pace with an unprecedented number of tax law changes, while at the same time ensuring that their Enterprise Resource Planning systems are updated accordingly,” said Bob Levis, Division Vice President and General Manager of ADP’s Sales, Use and Value-Added Tax business. “Never before has it been easier to provide organizations with the level of flexibility offered with this solution, which is changing the landscape of transactional tax engine integrations with ERP and e-commerce systems.”

ADP's Taxware Enterprise System with Data Editor enables companies to experience the true power, flexibility and agility that strategic tax operations require today. ADP’s innovative Data Editor design includes a greater standard selection of domestic and international transaction types, which drastically reduces many clients’ needs to develop custom code to support their processing systems. At the same time, if a client is facing complex business challenges, such as making allocations across multiple states or calculating VAT when transferring goods from one entity to another in a foreign country, the Data Editor can be customized accordingly. Incoming transactions are recorded for auditing and reporting and the tax calculations are sent to the organization’s ERP solution. Overall return on investment is enhanced, as ownership and ongoing maintenance burdens are removed from IT, allowing the tax department to maintain seamless control. ADP delivers the Data Editor hosting via in-house mirrored Tier IV data centers, which provide clients greater security and performance.

“For top-performing companies to systematically mitigate risk and reduce audit exposure, it’s critical they have the transaction information required to conduct internal audits and ensure readiness for government audits,” said William Jan, Senior Analyst of Financial Management & GRC at Aberdeen Group."

Key client benefits of ADP’s Taxware Enterprise System with Data Editor include:

• Built-in functionality to support audit defense, eliminate obsolete data and comply with changing tax laws.
• Coverage of more than 210 million tax rules and 13,000 rates in 250 countries and territories.
• An integrated Data Editor that enables users to deal with the most complex transaction tax scenarios.
• Records of tax calculation results in the Taxware Enterprise Audit File for later reporting.
• Ongoing research, maintenance and expansion by ADP’s in-house tax professionals.
• A database of rules for thousands of situations, including full and partial exemptions, special rates, caps and thresholds.
• More than 2,000 classifications of products and services.
• A transactional tax engine to integrate ERP and e-commerce systems that provides custom attributes, and the ability to group Data Editor rules and create output messages back to the calling application.

A webinar showcasing the integration of the Data Editor within ADP’s Taxware Enterprise System will be provided Wednesday, Nov. 17 from 12 to 1 pm EST.

About ADP
Automatic Data Processing, Inc. (ADP.com), with nearly $9 billion in revenues and about 550,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's website.

For more information, contact:
Nora Hayes, Weber Shandwick for ADP
P: (952) 346-6164 / E: nhayes[.]webershandwick.com.

The ADP Logo and ADP are registered trademarks of ADP, Inc.

 
 
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ADP Unveils Enhanced Taxware Enterprise System to Help Lower Total Cost of Ownership for Organizations

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