The University of Worcester has selected Innovate Tax to implement an enhanced version of its award-winning tax determination solution within its Oracle Cloud ERP to automate the processing of all its tax transactions.
The tax technology specialist will work with the university to replace its existing tax setup; in the process creating and implementing a pioneering solution set to become the new industry standard for tax determination and reporting within universities.
Sam Thomas, Oracle Practice, Commercial Lead at Innovate Tax, says: “We’re delighted to welcome the University of Worcester to our customer community and we look forward to working together on this exciting project.
“This is a special opportunity to develop an industry-specific, best-in-class Oracle solution for tax determination and reporting – something we recognise is a challenge for many leading universities.
“In tax terms, universities possess a range of complex and unique requirements. That’s why we’re enhancing our out-of-the-box offering to create a solution that will meet and exceed the precise demands of universities using Oracle Cloud around the world.
In tax terms, universities possess a range of complex and unique requirements. That’s why we’re enhancing our out-of-the-box offering to create a solution that will meet and exceed the precise demands of universities using Oracle Cloud around the world.
“There is currently no unified approach to VAT determination within the higher education sector, but in delivering this solution for the University of Worcester we will be in a strong position to support other universities in maximising the functionality of their Oracle Cloud ERP to achieve tax perfection.”
As part of the project, Innovate Tax will enhance its established solution for GB VAT to include specialist functionality for the university sector, creating a benchmark for universities when it comes to determining, calculating and reporting tax with a guarantee of fast and efficient processing, minimal manual inputs and ultimate compliance.
Kerry Findlater, Deputy Director of Finance at the University of Worcester, explains: “We are delighted to work with Innovate who will help us to improve the automation of VAT processing in Oracle, resulting in better tax reporting and a much more efficient process.”
ABOUT INNOVATE TAX
Founder and Managing Director, Andrew Bohnet, originally set up the company as eBiz Answers Limited in 2012. Four years later, in 2016, the company changed its trading name to Innovate Tax in order to reflect its development as a Tax Automation Specialist. In 2019 this became its official name, Innovate Tax Limited.
Innovate Tax is a leading provider of automated business technology solutions for the determination of indirect tax.
Integrating with the world’s most popular ERP systems, including Oracle, Innovate Tax’s core solution helps businesses to automatically calculate and apply the correct amounts of indirect tax payable, such as VAT (Value Added Tax) or GST (Goods and Services Tax), using pre-built rules and logic for over 150 countries.
Innovate Tax has also garnered critical acclaim with the development of its reporting tool LimeLyte, which provides cutting-edge, real-time indirect tax compliance data.
With headquarters in West Sussex, UK, Innovate Tax operates globally, with offices in US, Netherlands, UAE and India.
As the only Oracle ACE for eBTax, Andrew Bohnet – Founder and Managing Director of Innovate Tax – is recognised internationally as the best in his field. Andrew is a world-renowned and prolific speaker on all forms of Indirect Tax and Oracle.
An active participant in global VAT events, Andrew presents worldwide and is the current Chair of the Oracle Tax Management Special Interest Group. He founded Innovate Tax to offer clients an unparalleled service when it comes to a complete tax solution, specialising in VAT globally.
COMPANY CONTACT INFORMATION
For all press and media enquiries, contact Tom Witham, Editor:
Email: [email protected]
Phone: +44 1243 860 893
Innovate Tax Limited, a limited company registered in England and Wales under company number 08119496 whose registered and main trading address is Suite 101 Heath Place, Ash Grove, Bognor Regis, West Sussex PO22 9SL, United Kingdom.