Tax’s Integral Role in Procurement Optimization

As procurement teams and the advanced technologies they deploy rapidly evolve, procurement leaders recognize that crucial tax considerations – and integrations – drive the success of their procurement optimization efforts.

Today, high-performing procurement teams routinely perform activities such as:

  • Leveraging data-driven insights to measure, manage and communicate the value procurement adds to the business;
  • Protecting the organization from external volatility and disruptions by continually stress-testing supply chains with risk management analyses and tools;
  • Enhancing collaborations with trading partners to leverage their expertise while stimulating new innovations throughout the value chain; and
  • Calibrating, and continually recalibrating as needed, the company’s globalization/localization mix based on highly fluid economic conditions, sustainability considerations and other risks.

A new generation of procurement technology plays a central role in enabling those leading-class capabilities. And that technology must be integrated with tax technology that enhances the overall procurement process while helping companies comply with an expanding collection of local indirect tax requirements whose complexity continues to soar.

The KPMG and Vertex partnership is designed to help clients minimize tax-compliance complexity while maximizing the value procurement generates. Our webcast with KPMG, Impact the Bottom Line by Automating Procurement Tax Processes, delves into both of those objectives while providing a rundown of 2021 procurement trends and highlighting how companies address tax considerations within procurement-optimization efforts. 

The KPMG name and logo are registered trademarks or trademarks of KPMG International. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

Blog Author

Nick Skarlatos, KMPG

Nick Skarlatos

Director, Global Indirect Tax - Transaction Tax Systems, KPMG

See All Resources by Nick

Nick Skarlatos is a Director in KPMG’s Global Indirect Tax - Transaction Tax Systems practice, specializing in the deployment of tax technology process improvements to support indirect tax management in a wide range of industries. Nick has over 20 years of experience in state and local tax, specializing in designing, developing, and implementing technology and processes to manage indirect tax determination, calculation, compliance and reporting.

View Newsletter Signup

Webcast: Impact the Bottom Line by Automating Procurement Tax Processes

Learn more about automating procurement tax processes with KPMG and Vertex.

Vertex Cloud Data Integrity is a tax-specific solution for the data validation, analysis, and transformation steps that are required to properly support the indirect tax compliance process.