8 Reasons to Automate VAT Reporting
View this infographic to learn how automating VAT reporting can help your business grow with confidence.
VAT reporting is often perceived to be a routine process easily manageable through a manual, spreadsheet driven process. However, if you breakdown this process into individual steps and take a closer look, it becomes apparent that the overall process can be quite time-consuming and requires specific knowledge.
Take a look at our infographic on the 8 reasons why you should automate VAT reporting.
Automatic quality checks, draft returns, and payment processing
VAT reporting technology automatically archives all steps and data in the compliance process into a central repository that can easily be accessed in case of a tax audit. This eliminates the risk of lost data and reliance on employees or third parties.
Automated VAT technology also has built-in quality checks. Any issues are reported transparently to facilitate manual interpretation and follow-up, creating central insights into end-to-end VAT processes.
Finally, VAT reporting technology automates payment and monitoring of VAT balances, refunds, and reconciliations.
Meet VAT reporting requirements with confidence
Learn how automating your VAT reporting can enhance processes so you can meet today’s VAT filing requirements while having the ability to respond to tomorrow’s business opportunities with confidence.GET WHITE PAPER