Oracle, working with CGI, has completed the first upgrade to Oracle Enterprise Taxation Management 2.2 with the Vermont Department of Taxes.
Already live on the previous version of Oracle Enterprise Taxation Management, the Vermont Department of Taxes uses the solution to optimize all aspects of the revenue collection process and quickly respond to tax law and regulatory changes
"Tax authorities often struggle to create integrated views of taxpayer activity, streamline collections, audit taxpayer service operations and adapt to constant change and complexity in the tax laws they administer. Oracle Enterprise Taxation Management provides the Vermont Department of Taxes with an integrated solution to enable near-term functional improvements, while providing the adaptability and flexibility needed to address future challenges as well," says Andre van der Post, global director, Tax Solutions and Strategy, Oracle Tax Global Business Unit.
Working with CGI and Oracle, the Vermont Department of Taxes replaced its 30-year-old, customized system with Oracle Enterprise Taxation Management to help more efficiently and effectively administer taxes on behalf of its constituents.
The new version of Oracle Enterprise Taxation Management provides out-of-the-box core tax processing features to support registration, forms processing and penalty and interest determination. It also enables tax agencies to complete implementations more quickly and with less risk, while providing functionality for highly specialized tax calculations based on a number of configurable criteria.