ROSELAND, N.J., Nov. 8, 2010 /PRNewswire/ -- 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 p.m. EST.
For more information, please visit www.ADP.com.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), 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 at
www.ADP.com.
SOURCE Automatic Data Processing, Inc.