- SAP’s ERP predecessor solution ECC will be supported until 2027, prompting many companies to migrate to SAP S/4HANA.
- The two migration options are brownfield and greenfield.
- Brownfield involves copying old configurations and customizations into the new system, while greenfield involves starting fresh.
- Tax compliance is becoming increasingly important in the digital age, with governments around the world implementing continuous transaction controls.
- This means companies must provide real-time information about their business transactions to reduce the sales tax gap.
- Tax compliance is shifting from an ERP-centric accounting process to an operational issue that affects supply chains and order processing.
- Third-party providers must ensure transaction tax compliance, and companies must consider their ability to monitor tax compliance when selecting providers. Decentralized guarantee of compliance with sales tax liability is no longer sufficient in the context of mandatory e-invoicing and continuous compliance.
Source zdnet.de
