Friday, December 18, 2020

End of Year Tax Planning? - Automate and Save Time.

 

MDS Tax options now offer a new choice


Taxes are a business reality for some and a non-issue for others but as the government needs more money it's going to have to come from somewhere. Amazon is charging tax now and in all likelihood they will start taxing your business in some way soon. The good news is that MDS has you covered and here are a few options for tax setup and maintenance within the MDS systems. 


TSH is proud to announce support for the AvaTax engine from avalara . All your tax liability is entered online and each product can be mapped to a specific unspsc code or taxable class (available on their site/spreadsheet). Then each time an order is place a website call is made to calculate the tax. The website allows options for customer specific exemptions and they map to geo codes based upon the shipping address,  not zip codes so they are  more accurate. They also offer the ability to file your taxes for you with the correct forms for state/local etc Note: There is an added cost from TSH as well on ongoing monthly fees for this service

     

Taxrates.com – Our simplest option,  login to the website and download a spreadsheet of all zip codes you have a tax nexus in. You can them upload into MDS  this will create the tax jurisdictions. Then when setting up customers just key in the zip code to get the correct tax rate, Update as often as needed check with your accountant.

      Alternate Option  – Taxrates.com with overrides for specific product classes in certain zip codes or jurisdictions. This allows you to flag certain product classes as non taxable in certain jurisdictions. however it does require you to setup additional product classes. There is some added time to review your products and segregate.




        Salestax.com/Esalestax.com  – This is our most comprehensive method. All your tax liability is entered online and each product can be mapped to a specific unspsc code or taxable class (available on their site/spreadsheet). Then each time an order is place a website call is made to calculate the tax. The website allows options for customer specific exemptions and they map to geo codes based upon the shipping address,  not zip codes so they are  more accurate. They also offer the ability to file your taxes for you with the correct forms for state/local etc Note: There is an added cost from TSH as well on ongoing monthly fees for this service.




For more information on TSH or MDS call The Systems House, Inc. at 1-800- MDS-5556. Or send a message to sales@tshinc.com
Click here and tell us how we can help you with your business solutions.

Friday, December 11, 2020

Punchout - Moving EDI into Real Time

Everyone talks about the benefits of EDI (Electronic Data Interchange) and how it makes it so much easier to send data between different systems. We can debate the merits and costs and see what makes sense, But often many people overlook a major issue with the current EDI model. 

 Because it was based on an offline model all of EDI is based on files and responses. So the concept is you send me a file I send you a message saying I got your file and then I respond with any issues and or status updates. In todays real time world, that just doesn't always work. And while EDI is here to stay at least for a while, Today we wanted to introduce to you another alternative that offers similar functionality with a number of added benefits. The biggest being it allows for real time interactivity.

Punchout Catalogs - Why is Mike Tyson Involved in Purchasing? 

Punchout catalogs are websites that are maintained by a procurement vendor, In this model that would be you. These websites are typically based on your eCommerce site (RemoteNet)  and list the products offered and their associated prices. To create requisitions from these catalogs, agency customers “punchout” to the website from within the Buyer application (Lawson, Peoplesoft, MediClick , SAP etc)  choose the items to purchase, and “punch in” the appropriate information to their requisition before the order is submitted. The Mike Tyson tie in is for a select few who remember the video game. He doesn't really have anything to do with it. 

 

Benefits of Using Punchout Catalogs:

Reduced Data Entry Errors icon

Reduced Data Entry Errors: Using a catalog makes purchasing easier for agency customers and vendors by pre-populating information (e.g., accounting) on the requisition.

Up-To-Date Information icon

Up-To-Date Information: Catalog pricing is regularly  reviewed and updated by Purchasing Dept to confirm that agency customers are receiving the most recent state term pricing.

eCommerce-like Shopping Experience icon

eCommerce-like Shopping Experience: Catalogs simplify the buying process by letting customers conduct product searches and comparisons

Simplified and Centralized Purchasing icon

Simplified and Centralized Purchasing: By accessing catalogs in their own applications, agency customers can easily view state term pricing. Since all catalogs are centralized in one application, it also promotes purchasing consolidation and improved spend management visibility for your clients.

Improved Productivity icon

Improved Productivity: Using automated approval flows, customers can enhance productivity with reduced cycle times. Auto-populated fields also provide time savings.

Agency Customer Preference icon

Agency Customer Preference:  Customers prefer catalogs (both line item and punchout) over manually entering requisitions in the system.

 

eInvoicing

eInvoicing icon

Punchout Also allows vendors to invoice the for payment electronically. Benefits to eInvoicing include the following:

  • Reduced paper flow and associated costs;
  • Reduced payment cycle time; and
  • Improved data accuracy.

Ready to Play Punchout? 


For more information on TSH or MDS call The Systems House, Inc. at 1-800- MDS-5556.
 Or send a message to sales@tshinc.com

Click here and tell us how we can help you with your business solutions. 

Friday, December 4, 2020

License Verification just got a lot easier...

VERIFICATION CHECKS WITH GREATER FREQUENCY AND EFFICIENCY

As the DSCSA requires you to Check with your trading partner directly to confirm they are authorized, or for manufacturers and repackagers, check FDA’s drug establishment registration database for registration. For wholesale distributors, third-party logistic providers and dispensers, you can check with your respective state authority to confirm licensure.

But we all know the time and effort around collecting 

and keeping this information update to date 





Forget about the manual, time-consuming searches of multiple state and federal data sources.

Through License Verify™, the same license information will be instantly verified and available through a single, comprehensive database.

Legisym’s new License Verify™ is a comprehensive service for verifying pharmaceutical licensing across the nation. While the initial release is designed for performing state and federal license verifications, Legisym expects expansion to include a number of other government, local, and national database registry license types based on the needs of the industry. Our goal at Legisym, is to provide the Pharmaceutical Supply Chain with affordable and effective regulatory compliance services and solutions. The License Verify™ early sign up will give clients early access to our new license verification services and the opportunity to provide valuable input for a better experience and solution.




To learn more about partnership opportunities with Legisym and TSH Contact us today.


For more information on TSH or MDS call The Systems House, Inc. at 1-800- MDS-5556.
 Or send a message to sales@tshinc.com

Click here and tell us how we can help you with your business solutions.