Software giant SAP (NYSE: SAP) expects to take a newly launched tax management solution developed in the company’s Brazil labs to other countries, including Latin American markets, country manager Diego Dzodan told reporters during a press conference.
The TMF (Tax Management Framework) platform is based on SAP HANA’s high capacity in-memory database technology and was developed in partnership with clients and partners in SAP Labs Latin America, located in the Brazilian state of Rio Grande do Sul, specifically to address the needs of the local market.
However, according to Dzodan, the solution could be replicated to meet tax requirements in other countries after some system adjustments.
“This is a set of specific solutions that meet market needs and embraces both the tax issue and big data. It was also designed to help Brazilian clients with government regulations on legal tax reporting [the public system for digital bookkeeping, or SPED],” said the executive.
With the TMF, fiscal data is provided in real time, and can be corrected on all systems if an inconsistency is found during the process, giving more security, integrity and accuracy to the tax process, says SAP.
The natural focus of TMF tends to be large companies due to the amount of data dealt with, particularly those using a SAP platform – “with the exception [SAP’s ERP for SMEs] Business One,” says Dzodan.
The platform was created so that SAP partners can also build specific components and solutions on the architecture. Currently, three partners in Brazil are working in the TMF, and the first to have developed a solution was All Tax.
“With this we guarantee native integration, a centralized database, analytical tools and real-time information. For their part, partners will be able to provide other value levers, such as tax planning, tax recovery, and auditing, among others,” said Dzodan.
