What is BSI TaxFactory SaaS in SAP LOD-SF-EC - Employee Central?

SAP Term: BSI TaxFactory SaaS

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: A third-party SaaS payroll tax calculation solution for the United States.

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• Key Concepts: 
  BSI TaxFactory SaaS is a cloud-based tax compliance solution from BSI, a global provider of tax and accounting software. It is designed to help companies manage their global payroll tax compliance needs. The LOD-SF-EC Employee Central component is a module within the BSI TaxFactory SaaS solution that provides an integrated payroll tax solution for SAP SuccessFactors Employee Central customers. 
  
  How to Use It: 
  The LOD-SF-EC Employee Central component of BSI TaxFactory SaaS provides an integrated payroll tax solution for SAP SuccessFactors Employee Central customers. It enables customers to manage their payroll taxes in one place, with automated calculations and filing of taxes in multiple jurisdictions. The solution also provides real-time visibility into payroll taxes, allowing customers to quickly identify and address any potential issues. 
  
  Tips & Tricks: 
  When using the LOD-SF-EC Employee Central component of BSI TaxFactory SaaS, it is important to ensure that all data is up to date and accurate. This will help ensure that the automated calculations and filing of taxes are accurate and compliant with local regulations. Additionally, it is important to regularly review the reports generated by the solution to ensure that all taxes are being paid correctly and on time. 
  
  Related Information: 
  For more information about BSI TaxFactory SaaS and its components, please visit the BSI website at https://www.bsi-software.com/products/taxfactory/. Additionally, SAP SuccessFactors offers additional resources on its website at https://www.sapsuccessfactors.com/en_us/solutions/taxes/taxfactory/.