Meridian’s VAT Add-on enables Biesterfeld to automate the VAT determination process
Background
Biesterfeld is a distributor for plastics, rubber and speciality chemicals operating in more than 40 locations throughout Europe, North and South America, Asia as well as Africa. In addition to an extensive, innovative product range and specialized market know-how, its three business divisions
Biesterfeld Plastic, Biesterfeld Spezialchemie and Biesterfeld Performance Rubber offer tailor-made, application-based technical advice across numerous industries. The business activities include an extensive service around polymers, rubber, specialty chemicals as well as international trading of industrial and agrochemicals, pharmaceutical raw materials and salt.
Biesterfeld has a large volume of cross border transactions, both intra EU and globally. The indirect tax determination process is complex, so it is very important for Biesterfeld that they are able to automate the process in their SAP system, with complete confidence that tax determination is correct.
The company has chosen Meridian’s VAT Add-on as a VAT determination tool for SAP. Meridian’s VAT Add-on enables Biesterfeld to automate the determination process on cross border sales and purchases, greatly reducing resource requirements and non-compliance.
- Chemicals
Before: Tax challenges for Biesterfeld
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1
Complexity
Complex own developments in the SAP system to make sure that the tax determination worked properly and high effort to maintain and support these own developments.
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2
Expertise
The end users needed good know-how to process all different tax cases to be legally compliant
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3
Errors
Wrong user inputs led to wrong conclusions with the old tax solution
Why Meridian?
- Meridian’s VAT Add-on is a fully SAP certified tax solution
- The VAT Add-on is a fully automated solution which requires no end user input
- Very detailed and competent information from Meridian during the pre-sales phase built our confidence
