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ADP Sales Tax Solutions at Siemens – A Case Study

January 21, 200812-1pm EST

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Housekeeping Items

Today’s webinar will last for 60 minutes, ending at 1pm eastern time.

The last 10 minutes of today’s program have been reserved for questions & answers.

We will launch a brief survey at the conclusion of today’s webinar. Those who complete the survey will be entered into a drawing for an ADP TotalPay Debit Card, preloaded with $100 and good anywhere Visa is accepted.

For more information on the TotalPay Card and other ADP Payment Solutions, visit us on

the web at adp.com

CPE Credit

Are you applying for CPEcredit for today’s webinar?A. YesB. NoC. Not applicable

Requirements for CPE CreditLog in from same e-mail address that you used to registerStay for the full hourAnswer 2/3 polling questions

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Today’s Speakers

Sandra Buckinger-BlairTax Manager

Siemens Shared Services

John Sallese Business Consultant

ADP

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AgendaSiemens History

Keys to Effective and Efficient Tax Management

Examples

Questions & Answers

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Siemens History

Overview

• Founded in 1847 by Werner Von Siemens -160 years of Siemens

• Global Fortune 500 – Ranked #37 in 2008

• 190 countries - 450,000 Employees

http://w4.siemens.de/archiv/en/index.html

Werner Von Siemens

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Siemens History

US Presence – 2001 listed U.S. stock exchange (SI)

• 70,000 US Employees

• 800 Offices

• 150 U.S. Manufacturing facilitates

• $19.8 Billion in U.S. Sales Global network of innovation

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Siemens History

Siemens Shared Services, LLC – Orlando, Florida

• Quality Initiate –2002

• Global Shared Services 2007

Great to work with - Great to work for - Great for Siemens

Polling Question #1

How many systems areyou currently using to calculate your taxes?A. 1B. 2-3C. 4 or moreD. Don’t knowE. Not applicable

Requirements for CPE CreditLog in from same e-mail address that you used to registerStay for the full hourAnswer 2/3 polling questions

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Polling Question #2

How many legal entitiesare represented in eachsystem?A. 1B. 2-3C. 4 or moreD. Don’t knowE. Not applicable

Requirements for CPE CreditLog in from same e-mail address that you used to registerStay for the full hourAnswer 2/3 polling questions

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Keys to Effective and Efficient Tax Management

Five Questions to Effective and Efficient Tax Management

• Who do you want to be?

• What do you want to offer?

• Where do you want to be?

• When do you transform your organization?

• How do you get there?

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Keys to Effective and Efficient Tax Management

Who do you want to be?

• Value Added – Partner

• Non Value Added – Cost Center

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ADP Tax Research

Content update strictly controlled processes and procedures. SAS 70 type II compliant by KPMG audit.

Content updates provided at least once a month.

Updates include new content, law changes, rate changes, processing changes.

Update information letter provided with each summarizing changes.

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Keys to Effective and Efficient Tax Management

What do you want to offer?

• Determine your core competencies• Product Lines

– Sales and Use– Audit Defense– Consulting– Property Tax– Unclaimed Property– Strategic Reviews– Business License– Annual Reports

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Keys to Effective and Efficient Tax Management

Where do you want to be?

• Develop your Service Model• Bench Mark Best Practices • Determine your volume/scale• Calculate your cost per transaction • Automate, Automate, Automate• Partner with large providers• Measure your performance

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When do you transform your organization?

• Develop your Road Map• People• Partners• Products• Technology

Keys to Effective and Efficient Tax Management

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Keys to Effective and Efficient Tax Management

How do you get there?Leverage…• Standardization – “One Process”

• Automation – “Technology”

• Scale – “Partnerships”

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About ADP’s Tax Content

Out-of-the-box standard product codes and use based exemptions. More standard content means less customization, less maintenance, and faster time to production.Special Tax Rules

• Tax Type Determination• Tax Holidays• Special Tax Zones

Additional content is continually added to cover new tax rules and industriesCentralized data update process

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Examples

Use tools to automate your tax calculation & exemptions

• Rates• Nexus• Product Taxability

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About ADP’s Tax Research Capabilities

Tax Expertise• Clients have direct access to 50 CPA’s, CMI’s*, tax

attorneys, and analysts• Fluent in numerous languages

Superior Tax Content• ADP researches, develops, and maintains content using in-house resources - not outsourced or purchased from third parties.

Industry Leadership• First and strongest supporter of the Streamlined Sales Tax Initiative (SSTI), a nationwide effort to harmonize sales and use taxes

Over 30 years of experience

*CMI = Certified Member of the Institute, a designation from the Institute for Professionals in Taxation (IPT)

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Examples

Use tools to automate your tax calculation & exemptions

• Web based exemption management• Web based report• ERP interface for certificate validation• Automatic ADP interface updates

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Examples

Build custom reports for greater visibility

• Free goods accruals

• Strategic review

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Examples

Standardize & automate repeatable processes Example: Nexus reviews

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Examples

Create work flow forms to manage requests for…• W-9 • Outgoing Exemptions• Incoming Exemptions • Business License • Tax Adjustments

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Examples

Measure your process…

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Examples

Measure the time you are spending on activities toquantify further areas of improvement…

Polling Question #3

How are you currently calculating sales and use taxes?A. Use in-house employeesB. Use your ERP system’s

native tax capabilities C. Use third party tax engine

(ADP, Vertex, Sabrix, etc.)D. OtherE. Not applicable

Requirements for CPE CreditLog in from same e-mail address that you used to registerStay for the full hourAnswer 2/3 polling questions

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Final CPE Question

Were program materialsrelevant and did they contribute to the achievement of the learning objectives?A. YesB. NoC. Not applicable

Requirements for CPE CreditLog in from same e-mail address that you used to registerStay for the full hourAnswer 2/3 polling questions

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Question & Answer Segment

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Questions & Answers

Sandra Buckinger-BlairTax Manager

Siemens Shared Services

John Sallese Business Consultant

ADP

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Upcoming Webinars

• Wednesday, Feb. 18, 2-3pm EST: “The Advantages to Outsourcing to ADP’s Payroll Tax Service”

• Wednesday, February 25, 12–1pm EST: “Sales and Use Tax Solutions for Auto and Truck Dealers” -

• Information and on-line registration: •ADP.com | Tools & Resources | Events | Webinars

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Upcoming Seminars

• Wednesday, March 11, Houston“The Challenge of Corporate Tax Compliance: How Global Companies are Gaining Strategic Advantage by Applying Advanced Technology to Corporate Transaction Taxes”

• Free admission to the Houston Rodeo following the seminar

• Information and on-line registration: ADP.com | Tools & Resources | Events | Seminars

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Upcoming Trade Shows

• February 16-18: Association for Computers & Taxation (ACT) Winter Conf. – Phoenix• February 23-25: Council on State Taxation (COST) Sales Tax Conf. - Amelia Island, FL• March 9-11: Prepaid Conference – Orlando• March 10-13: Microsoft Convergence 2009 - New Orleans• March 15–18 ADP Meeting of the Minds Conference – Atlanta• March 17-20 SAP HR & SAP Financials – Las Vegas• March 29 - April 1 Tax Executives Institute (TEI) Midyear Conference – Washington, D.C.

ADP.com | Tools & Resources | Events | Trade Shows