As tax authorities go digital, first-time right is more important than ever. But finance and tax professionals have a lot working against them.
ERPs are not built with tax in mind and are often not fit for purpose when it comes to tax determination or complex VAT transactions. Many companies have to pay hundreds of thousands of pounds just to design SAP to handle their indirect tax correctly.
Without tax technology in place, the cost to ensure compliance is scattered throughout the organisation and difficult to track.
While your business may be managing with your existing methods or through sticking-plaster solutions in the short term, there can be underlying hidden costs and lurking risks.
Watch this webinar to learn the findings of our latest survey results and how to find and address these hidden costs and risks.