For companies doing business globally, there are over 19,000 taxing jurisdictions with different rates, regulations and requirements. It’s up to the business to stay on top of the latest rates and regulations to calculate sales, use and value added tax (VAT). In addition, these rates and regulations can change daily, making it increasingly difficult for companies to stay on top of every transaction manually.
This is where automation can ease the burden on tax departments and IT teams. Integrating a third-party tax calculation engine with Workday improves tax accuracy and streamlines tax determination and compliance.
Key takeaways will include:
Discuss the value of automating tax in Workday
Demystify the tax automation integration
Uncover the benefits of leveraging a partner for integration to ease IT teams burden