Chris delves into the specifics of order and invoice processing in this context, noting that IT should understand the flow of transactions that are sensitive to tax – especially since different businesses may use the same software platform in different ways. In the larger view, it’s clear that in today’s environment of digitally enabled multi-channel, e-commerce and mobile sales, tax departments are leaning on IT more than ever to make recommendations and help to implement tax automation solutions.
You won’t want to miss Chris’s explanation of the three critical questions you should ask potential tax tech providers and his take on best practices for evaluating vendors.
Chris sets the whole discussion in the context of large IT trends such as the move to cloud, the rising threat of cyberattacks and the growing impact of artificial intelligence. Those are great conversation-starters when meeting with your CIO.
Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information. The views and opinions expressed in Tax Matters are those of the authors and do not necessarily reflect the official policy, position, or opinion of Vertex Inc..