Applying Tax Engine Rigor to Procurement

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.