7 Reasons to Add a Tax Engine for VAT Determination

Why do you need a tax engine for VAT determination

The tax function in today’s multinational businesses must accommodate nearly constant changes that affect tax determination. The manual process of tax research and updating each transactional finance system can be a significant cause of VAT error, and a strain on in-house tax and IT resources.

Many successful multinationals have found that integrating a 3rd party tax engine to their ERP and transactional finance systems significantly improves the accuracy of VAT determination and overall tax department agility.