Add a Tax Engine to Workday Financials to Streamline Tax Calculation

Time spent updating tax content in your ERP system is time lost on other more important parts of your business. And inaccurate tax calculations can increase risk and audit penalties. View our infographic below to see two major ways that integrating a Vertex tax engine with Workday Financials can address these pain points and streamline indirect tax processes. Plus, read our eBook to learn even more about how Workday Financials users can leverage tax automation to spend less time on manual tasks.

Vertex for Workday can help streamline tax operations in two major ways. First, it eliminates the need for manual ERP updates such as tax code updates, rate updates, jurisdiction updates/additions, complex three-party scenario logic, complex VAT scenarios, and product master for legislative, regulatory, and country rule updates. Second, it improves location and tax accuracy by using USPS data to independently validate the transaction address, and by using buyer address validation and cleansing to more precisely determine the tax area ID.