Applying Tax Engine Rigor to Procurement

Today's trends in best-of-breed procurement platforms for VAT professionals.

Video Overview:

In this World Finance video, Andrew Hallsworth, European manager of client solutions at Vertex, highlights the shift in procurement technology over recent years.

  • Up until recently, procurement was typically handled directly in a company’s ERP system, but with much difficulty.
  • Today, companies are using designated platforms like SAP Ariba and Coupa to handle procurement efficiently.
  • The tax content, power of automation, and consistency that businesses get when they integrate a tax engine to their platforms ensure they’re not only accepting correct invoices, revealing the true cost of VAT to their business.
  • VAT professionals can take control and benefit tremendously with this clearer way of handling the AR and AP side of their business.

World Finance + Vertex

In March 2019, tax professionals, solution experts, and our very own customers met in Munich for Vertex Exchange Europe. World Finance interviewed half a dozen delegates for an update on Europe’s tax compliance challenges and technological advancements.

Related Insights & Resources

Vertex Exchange Europe 2020: Virtual Series

This year, we brought together top tax and technology professionals in six unique sessions to connect tax trends, best practices, and the latest technologies for more effective global tax management.

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