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CCH CorpSystem Sales Tax Rates, Sales Tax Office Achieve Oracle Validated Integration with Oracle E-Business Suite 12.1

CCH sales and use tax solutions are backed with more than 90 years of experience. With Oracle Validated Integrations, professionals can be assured that CorpSystem Sales Tax Solutions for the Oracle® E-Business Suite integrates well with the Oracle E-Business Suite 12.1, specifically:

    --  Sales Tax Rates 1.0 for Oracle E-Business Suite 12.1; and
    --  Sales Tax Office 3.5 for Oracle E-Business Suite 12.1.

"With these enhanced software solutions, business professionals can spend less time dealing with sales tax compliance issues and more time serving customers," said Tom Stitt, CCH Director of Product Strategy. "Our Oracle-formatted sales tax rates help increase productivity by saving time on manual implementation within a company's existing Oracle software platform. The automated processes supported by Oracle E-Business Suite, combined with the latest tax data content and calculation offering from CCH, enable consistent workflows with adherence to updated sales tax compliance rules."

"The Oracle Validated Integration applies a rigorous technical review and test process," said Kevin O'Brien, Senior Director, ISV and SaaS Strategy, Oracle. "Achieving Oracle Validated Integration through Oracle PartnerNetwork gives our customers confidence that the integration between CCH and the Oracle E-Business Suite 12.1 has been validated and that the products work together as designed. This reduces risk and improves the implementation cycles for our joint customers."

The CorpSystem Sales Tax Rates Integrated Solution

The CorpSystem Sales Tax Rates file is designed for use with Oracle-provided import programs, improving accuracy while greatly reducing the risk of error. CorpSystem Sales Tax Rates also leverages the efficiencies of Oracle's E-Business Tax processing functions supporting Order Management (OM), and Accounts Receivable (A/R) transactions.

The benefits of the CorpSystem Sales Tax Rates for Oracle include:

    --  Completely automated processes - Eliminates the need for manual
        creation, research and update of tax regime, manual input of sales and
        use tax rates and manual update of files.
    --  Reduced implementation time - Virtually seamless tax table updates
        without modifying software code through the Oracle E-Business Suite 12.1
        standard tax regime hierarchy.
    --  Integration with existing Oracle E-Business Suite - All tax data resides
        on in-house servers and integrates with the existing Oracle Financials
        E-Business Tax processing module without affecting workflow. In addition
        to sales and use tax rates provided by CCH, the data files include
        Geographical Data that is loaded into the Trading Community Architecture
        of Oracle E-Business Suite.
    --  Compliance - Files are updated monthly with the latest sales and use tax
        data and a running history of sales and use tax changes is maintained.
    --  Minimized Audit Exposure - By leveraging consistent updates of tax law
        changes, amendments and retroactive date implementations on the federal
        and state levels, organizations can lower the risk of incurring
        additional taxes, penalties or interest that may result from sales tax
        audits.
    --  Simple, one-time installation - Once the system is set up, a monthly
        download of CCH tax updates is all that is needed to accurately
        calculate sales and use taxes anywhere in the U.S.

CorpSystem Sales Tax Office Business Solutions

CorpSystem Sales Tax Office is a bolt-on tax calculation solution that supplies sophisticated logic capable of supporting the most complex sales and use tax sourcing and calculation rules. Shifting the tax calculation function from the Oracle E-Business Suite to Sales Tax Office provides:

    --  Effortless set-up - Configure the system to meet exact needs, with
        options for business entities, business rules, nexus rules, users and
        functional permissions.
    --  Rates and taxability - Keep tax rules up-to-date with trusted rate and
        taxability data from CCH, updated monthly with a simple download. Oracle
        item categories can be mapped to CCH product groups and item taxability
        rules, or mapped to customer products, which can include override tax
        rules, tax rates or custom exemptions.
    --  Nexus, jurisdiction and sourcing - Avoid collecting unnecessary taxes by
        accurately defining nexus and applying data driving sales tax sourcing
        rules, systematically determining which taxes must be collected, with
        advanced geocoding and spatial analysis.
    --  Flexible calculation - Increase the accuracy of sales tax calculations
        with the ability to precisely calculate taxes at the line-item level,
        use multiple ship-from and ship-to combinations in a single invoice,
        manage minimum and maximum tax rules, and handle complex tax calculation
        routines that can apply tiered taxes and fees.
    --  User-friendly interface - Increase productivity with easy-to-use
        features that let users drill down into the details of a transaction,
        create and maintain custom taxes and overrides, and originate tax-only
        credits.
    --  Simple Customer Exemption Management (CEM) module - Save time on
        handling exemptions and shift the customer exemption processing logic
        and management from the Oracle E-Business Suite to Sales Tax Office.
        This solution allows users to create a wide variety of customer
        exemptions (e.g., blanket, partial, single invoice) and can be used to
        apply taxable basis reductions.  Exemptions can be built-in exemption
        reason classifications, customer ship-to or sold-to number, or users can
        create custom exemption classes (e.g., resale, manufacturing,
        wholesale).
    --  End-of-month compliance - Create virtually seamless, end-to-end
        automation with liability reports based on specified date ranges, audit
        reports for taxes and exemptions, and output files for delivery to
        compliance needs.

CCH is a Gold level member of the Oracle PartnerNetwork.

For More Information

To request more information about CCH CorpSystem Sales Tax Office for the Oracle E-Business Suite and CorpSystem Sales Tax Rates for Oracle, please click here or call 1-866-513-CORP (1-866-513-2677).

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle growing product portfolio, partner base and business opportunity.

Key to the latest enhancements to OPN is the ability for partners to differentiate through certified Specializations which are achieved through competency development, business results, expertise and proven success. To find out more, visit http://www.oracle.com/partners.

About Oracle Validated Integration

Oracle Validated Integration through the Oracle PartnerNetwork gives customers confidence that integrations between Oracle Applications (including Oracle Enterprise Manager) and complementary partner capabilities have been validated and the products work together as designed. This can help reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance. Oracle Validated Integration applies a rigorous technical process to review the integrations of third-party software to Oracle Applications products, including productized repeatable integrations from system integrators. Oracle provides access to Oracle Applications software, tools, technical resources and training to assist partners in developing integrations based on Oracle standards and best practices. Partners who have successfully validated their integrations are authorized to use the "Oracle Validated Integration" logo. For more information, please visit Oracle.com at http://www.oracle.com/us/partnerships/solutions/index.html.

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About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business (CCHGroup.com) is the leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CorpSystem®, CCH® IntelliConnect®, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

SOURCE CCH, a Wolters Kluwer business