Tax and Revenue Management

SAP's TRM is an industry solution dedicated to the management of taxation. Some of the major components of TRM include:

  • Taxpayer registration through multiple channels and have a holistic view of their tax status
  • Tax returns processing based on agency / tax type specific rules utilizing the Business Rules Framework (BRF)
  • Automated offset of financial obligations and prepayments to determine if remaining tax obligation or refund is due
  • Direct interface to PS-CD for financial activity
  • Correspondence automatically generated to advise the taxpayer of the status of their return and any necessary actions on their part
  • Case Management used to track cross tax type obligations, bankruptcy and audit cases