Tax-Sights™
Empowering Customers with Value-driven Tax Insights through a Transparent End-to-End process
Why Tax-Sights?
Managing taxes can be complicated and time consuming; not to mention costly. Tax-Sights was designed to automate the sales and use tax process to reduce overpayments and costs through transparent data sets, knowledge sharing and an ecosystem to bridge communication gaps that will ultimately improve the customer’s journey.
What Is Tax-Sights?
Tax-Sights delivers transparency and accuracy throughout the E2E sales and use tax process with two dashboards, learning activities and ongoing communications to keep our customers up to date on features and functions. The Use Tax Dashboard proactively corrects use tax errors in real-time while the Sales Tax Dashboard provides sales tax insights to promote early intervention opportunities for our customers.
Tax-Sights is a platform ecosystem designed to improve knowledge sharing throughout the end-to-end Use and Sales tax process.
Tax-Sights gives the customer clear and digestible information to provide insights and transparency into their sales tax journey. The transparent look into the overall process enables customers to take preventative action to reduce overspend and reduce disruptions to the sales tax process. When certifications require renewal, Tax-Sights provide alerts so that customers can renew without disruptions. Tax-Sights was designed to correct common customer pain-points in the use and sales tax journeys. These include erroneous payment of sales and use taxes, sales tax short pays, use tax overpayments, tax invoicing accuracy, cash flow issues and recovery fees from overpayments.
To develop a solution designed to improve the customer tax journey, the Tax-Sights team reviewed the overall sales and use tax end-to-end process to identify gaps and opportunities. Through focus group collaboration across multiple GBS teams and operating companies, the team refined their requirements to begin designing potential solutions. Why is a solution such as Tax-Sights important? Between 2010 and 2020, we applied for tax refunds in the amounts of $107 M for sales tax and $142 M for use tax. That’s a great deal of money tied up in refund requests that directly impacts our customers’ cash flow.
To visit the Tax-Sights SharePoint site, please click here
Note: Access to the Tax-Sights SharePoint is for Siemens employees onlyFor more information about Tax-Sights, please contact Taxsights.us@siemens.com