Client Testimonies

    By using Virtusa, we were able to integrate the insurance industry's best practices into our solution and streamline our implementation.

    Randy Gonzalez
    Chief Information Officer, Chartis Insurance

    Virtusa’s ability to transform best practices from other industries to the health care sector was crucial in our implementation. Their knowledge of the SAP product and creative thinking are second to none.

    Chad Tate
    Director of Treasury Operations
    Blue Cross Blue Shield of Minnesota

    Virtusa’s extensive industry knowledge and deep expertise in SAP for Insurance were critical to our project going live on time and under budget. Their team of dedicated professionals supported us through every phase of our project, from the initial training to design, realization and production
    support.

    Richard Harron
    Director of IS Solutions
    Insurance Company of British Columbia

SAP for Industries: 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