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 tax accuracy and overall tax department agility.
Everyday, global companies are met with challenging questions about VAT. Take a closer look at how a centralized, global tax technology solution can tackle VAT determination challenges that global companies encounter.