Reporting & Compliance
The Sabrix Solution is a corporate tax compliance solution that provides a centralized tax database for reporting and auditing, interfaces with all leading returns processing solutions, enables compliance with Sarbanes-Oxley, and delivers standard and custom reporting capabilities.
Enabling Sarbanes-Oxley Compliance: Only the Sabrix Solution enables companies to achieve Sarbanes-Oxley corporate tax compliance by improving internal tax controls and processes through centralization, delivering system management and control to the tax professional, ensuring tax data consistency enterprise-wide, and providing real-time disclosure of transaction tax exposures.
Returns Compliance: The Sabrix Solution provides companies with a centralized transaction tax management system and a single audit database making time consuming data gathering, issues with tax data consistency, and tedious consolidation, all problems of the past. The Sabrix Solution has been seamlessly integrated with Thomson RIA's industry-leading corporate tax compliance software, InSource. The integration between Sabrix and InSource Sales & Use Tax software provides corporate tax professionals in the U.S. the most comprehensive and innovative tax automation and compliance solution available. The Sabrix Solution also has full data extract capabilities and can interface with any returns processing solution.
Centralized Tax Database for Audit Support and Administration: Sabrix's consolidated transaction tax database means standard and custom reports can be run quickly and easily - all from a single, consistent transaction tax data source. The Sabrix database significantly reduces the time corporate tax professionals must spend gathering, consolidating and reporting on tax data, freeing them to focus on more strategic tax responsibilities.
The Financial Dashboard: The Sabrix Solution Financial Dashboard provides a real-time, on-demand view of your company's transaction tax obligations worldwide. Only the Sabrix Solution enables companies to achieve Sarbanes-Oxley corporate tax compliance by delivering real-time disclosure of transaction tax exposures. Tax and Financial Executives can quickly identify the company's transaction tax burden at any point in time and get answers to critical questions, such as:
- What is the company's transaction tax liability for this month and quarter?
- What is the recoverable output VAT vs. non-recoverable output VAT?
- Which companies have a greater tax liability than others?
SabrixReports™: SabrixReports™ provides a valuable window into your company's tax transaction history, providing standard reports as well as working with your existing enterprise reporting architecture to flexibly support all your transaction tax management reporting needs - from compliance support to business analysis. With SabrixReports, you are freed from having to constantly validate the accuracy of your transaction data, so you can spend more time analyzing valuable information for strategic purposes.