The application enables tax and revenue authorities to optimize revenue collection process
Oracle has announced the availability of Oracle Enterprise Taxation Management 2.2.0, the newest version of the tax-specific, commercial off-the-shelf software application that enables tax and revenue authorities to optimize revenue collection.
Providing a configurable alternative to custom-built systems, the application enables local tax collection authorities to optimize all aspects of the revenue collection process and respond to tax law and regulatory changes, said Oracle.
According to the company, the Oracle Enterprise Taxation Management 2.2.0 provides tax authorities with an integrated system to enable near-term functional improvements, while providing the adaptability and flexibility needed to address future challenges as well. It is built on Java Enterprise (J2EE) and service-oriented architecture industry standards.
John Andrus, vice president and general manager for Oracle tax global business unit, said: Oracle Enterprise Taxation Management 2.2.0 demonstrates that tax authorities no longer need to rely on costly custom systems. Its standards-based platform and pre-built integrations allow for easy configuration to meet unique requirements and helps ensure the application will meet the needs of tax authorities today and in the future.