Connectors

Tamarack’s CSC Financial Integration allows your CMS system to communicate directly with the CSC Global web sites and applications. By integrating with CSC Global services architecture, all UCC Filing tasks can be completed within your CMS, thus eliminating the need for duplicate entry or uploading UCC updates via batch processing.

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States. Because the UCC has been universally adopted across state lines, Equipment Finance providers can enter into contracts with the confidence that terms will be enforced in the same way by the courts of every US jurisdiction. UCC adjudication thus creates certainty for business relationships thus facilitating broad economic growth. The UCC has been called “the backbone of American commerce.”

CSC® Global is the leading provider of Uniform Commercial Code (UCC) searches, UCC filings, and online UCC portfolio management services for commercial banks of all sizes, factoring/accounts receivable organizations, capital finance companies, large leasing enterprises, and legal firms specializing in secured transactions. CSC has serviced the UCC community for nearly six decades.

Achieving automation of sales tax compliance across all fifty states is a monumental task. Maintaining the state-by-state rules and rates in a single system is inevitably time consuming and reactionary. Compounding this effort is the need for Lessors to administer this logic consistently across the enterprise, which becomes an insurmountable task.

Vertex is the leading and most-trusted provider of comprehensive, integrated tax technology solutions, having helped 10,000+ businesses since 1978. Vertex Indirect Tax O Series is a robust tax calculation engine that helps you achieve an accurate determination of sales and purchase tax in every transaction. It features a solid integration with ERPs, billing systems, or ecommerce platforms. Vertex O Series maintains the latest rules and rates for nearly 10,000 U.S. taxing jurisdictions. This enables it to simplify and automate the tedious processes involved in calculating, collecting, and reporting on sales, consumer use, as well as VAT, GST, and other transaction tax types. It can likewise manage industry-specific tax content for communications, leasing, and retail taxes.

Despite efforts such as the Streamlined Sales Tax Act (SSTA), automated sales tax compliance continues to elude lessors not only due to ever-changing tax rules, but because Frontend and Backend sales tax integration limitations only exacerbate the manual effort required to correct inconsistencies. Today’s lessors require tax automation for the CMS to service the transaction using the same logic that was applied by the origination system. Tamarack’s Vertex O Series Connector provides that automation.

With so many states looking for ways to increase their tax base by applying additional criteria such as the type or length of the lease, titled vs. non-titled, vehicle weight, and end of lease options, a simple location and tax type cannot be relied upon to return an accurate rate.

Therefore, the demand for the CMS to service the transaction using the same logic that was applied by the origination system is crucial to reducing wasted resources.

Companies managing equipment finance portfolios that run across state lines need a reliable tax solution that reduces effort and risk associated with sales and use tax return reporting and remittance.

The Tamarack Sales Tax Return Connector accumulates sales, use, and rental tax received, both accrual and cash basis, within the Contract Management System (CMS) delivering both detailed and summary report extracts.

• The Sales Tax Return Connector’s fixed-length summary extract can be used to import portfolio information into the tax return applications like the Vertex® Indirect Tax Returns.
• The detailed report contains data down to the individual asset level and tax event enabling tax preparers to quickly ascertain problem areas during the monthly filing process.

Great American Insurance (GAI) created an Automatic Insurance Program (AIP) that enables Lessors to request, place, and track insurance coverage on leased or financed equipment when the Lessee has not provided sufficient coverage.

Tamarack developed the Tamarack Insurance Interface (TII) to facilitate a lessor’s CMS integration with the AIP program. By communicating with GAI through batch extracts and imports, TII can ensure lessors have adequate coverage on their portfolio.

TII uses two data exchange formats: Client Data Transfer (CDT) and Invoice Data Transfer (IDT). The CDT file is sent on a schedule agreed upon by the Lessor and GAI. The file includes customer, contract and asset information that must be sent to GAI. In summary, the CDT contains the following transaction types.