Preparing data for the indirect tax compliance process
Manually preparing data for the indirect tax compliance process is error-prone, creating risk with substantial costs. It’s also time-consuming, can contain recurring master data errors, and lacks transparency in data repair ― which is needed for audit defense.
In this infographic, learn how automation can help you properly submit month-end tax reports, reduce your audit exposure, and increase tax staff efficiency:
How does automated tax data preparation support indirect tax compliance?
Tax data solutions, such as Vertex Cloud Data Integrity, automate the data validation, analysis, and transformation steps required for companies to properly submit month-end tax reports.
Tax data automation increases tax data quality so businesses can reduce their audit exposure, minimize tax obligation, reduce data errors, provide an audit trail, and increase tax staff efficiency.