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Address Validation for tax and accounting

Data quality and supporting solutions are rapidly becoming top of mind for tax and accounting firms— and for good reason. Accurate and trustworthy consumer and customer data can have far-reaching implications, from increased efficiency to reduced operational costs—the possibilities are endless.

As a tax and accounting firm, your top priority is accurate address data, but your data quality journey doesn’t have to stop there. At Experian, we can help you across the full spectrum of contact data validation, including postal addresses, emails, and phone numbers. Read the tip sheet to learn how we can help you get started!

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Data quality and supporting solutions are rapidly becoming top of mind for tax and accounting firms, and here’s why. Accurate and trustworthy consumer and customer data can have far-reaching implications, from increased efficiency to reduced operational costs—the possibilities are endless.

Did you know that nearly 36 million addresses were changed in 2021? That means millions of addresses become invalid every year. With address validation that includes the ZIP+4, you can improve tax charging accuracy and third-party attestation or auditing by ensuring the correct tax codes and rates are attached to the correct postal address. To provide easy access to these services, Experian has prebuilt integrations across Microsoft Dynamics 365, Salesforce Sales and Service Cloud, Oracle E-Business Suite, and SAP that deliver best-in-class address validation.

Benefits:

  • Ensure the correct tax rates are charged based on where services are provided.
  • Reduction in resources that are spent auditing and manually correcting tax code errors due to human error or outdated data.
  • Improve your customer experience and quickly flag and correct an incorrect address or tax rate error.
  • Less risk of consumers mistyping address information with a real-time solution.

Features:

  • Intuitive address completion to simplify entry.
  • 80% reduction in address entry time.
  • More than 245 country data sets, including county code, geolocation, and more.
  • Flexible deployment methods suit a range of technical environments and improve CX.
  • CASSTM certified based on carrier route, 5-digit ZIP+4 codes, and Delivery Point Barcode (DPBC).

How it works:

To help support this need, we have prebuilt integrations across Microsoft Dynamics 365, Salesforce Sales and Service Cloud, Oracle E-Business Suite, and SAP that delivers real-time address validation.

Microsoft:

As a Microsoft Gold Partner, our certified, global data quality solution integrates seamlessly into Microsoft Dynamics 365 for sales, marketing, field service, and customer service to ensure only accurate customer, prospect, supplier, or employee address details are stored in your CRM system. The solution works by validating the addresses at the point of capture against authoritative data sources. When a user creates a new record or edits existing information, data capture and validation happens inline within the forms for a seamless user workflow. Address validation allows a user to enter a minimal amount of information, then autocompletes the address.

Salesforce:

As a Salesforce AppExchange Partner, our certified global data quality solution integrates seamlessly into Salesforce Sales Cloud and Service Cloud to ensure only accurate and correctly formatted addresses enter your CRM system. As the user types, the address search results are continually refined in a picklist. When the address is selected the address is standardized and auto-populated in the relevant fields.

SAP:

As an SAP partner, our address validation integration is compatible with S/4 HANA and ECC6. The solution is configured to detect changes to standard SAP address fields. When a user creates new information or edits existing information, the capture window is automatically invoked. With minimal data entered, Experian returns a complete and standardized address. The solution pastes the final address into the desired SAP fields, along with data appends.

Oracle E-Business Suite:

As an Oracle Gold partner, our contact data quality software ensures that faulty addresses are corrected and standardized before entry into Oracle EBS. Our address verification solution for Oracle EBS seamlessly integrates into Oracle EBS Web Forms (Self Service) and Professional Forms. On Web Forms, users can access the functionality by selecting the validation button directly below the address fields. Our Single Line Engine is then invoked to help you start improving address accuracy, and in with fewer keystrokes. On Professional Forms, users utilize the “Zoom” button to access our functionality.

As a tax and accounting firm, your top priority is accurate address data, but your data quality journey doesn’t have to stop there. At Experian, we can help you across the full spectrum of contact data validation, including postal addresses, emails, and phone numbers.

 

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