Navigating the EU VAT’s Road to E-Compliance
E-compliance requirements for VAT — including continuous transaction control — seem likely to become the new normal both in and outside the EU.
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Modern, cloud-based enterprise resource planning (ERP) systems sit at the core of an ever-expanding ecosystem of cloud-based business software while facilitating the exchange of data among specialized applications (e.g., sales and marketing, CRM, HR, analytics, and tax automation) used throughout the organization.
There are several signals — shortcomings that hinder growth and agility — that it’s time to move on from a legacy ERP system by migrating to the cloud.
When those responsible for the ERP migration decision assess how their current ERP environment can be improved, they should keep several factors in mind, including:
ERP-integrated tax solutions that possess sufficient tax flexibility contain a number of important capabilities, including:
Modern, cloud-based ERP systems are a foundational component of many digital transformation efforts because they help companies operate with more agility and efficiency. Ensuring that an ERP cloud ecosystem is optimized requires close attention to related applications, including tax technology. For a deeper look into the way that tax challenges are spurring efforts to modernize ERP systems, check out the new Vertex white paper, Digital Transformation Demands a New Approach to ERP.
In this customer story, we hear from Muhammed Salahuddin, a tax accountant who switched from an on-premise tax solution to Vertex Cloud Indirect Tax.
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