8 Reasons to Automate VAT Reporting

Simplify VAT reporting — from data gathering to payment — with an automated system.

Streamline and centralize the compliance process and improve audit performance. Choose from a range of options, like on-premise or cloud-based software for in-house returns, or outsourcing services where we handle the end-to-end process for you.

Why should you automate VAT reporting?

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. A VAT reporting solution will automatically perform most data validations and other processes, freeing up valuable time and resources. Learn more about VAT reporting in this infographic:

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.

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