Discover the Connection Between Procurement and Tax
In this exclusive white paper, find out how procurement can drive tax compliance, and how tax can drive procurement value.
Please fill out the form below for instant access to the white paper & to learn more about procurement tax challenges.
Is it time to consider automating tax in procure-to-pay?
Tax Challenges in Procure-to-Pay
- Increased Tax & IT effort required to maintain constantly changing tax content
- Errors in tax coding decisions made by AP, resulting in inefficiencies and audit risk
- Insufficient native tax functionality in your ERP or procurement system
- Increasing audit activity reveals tax errors in procurement
Benefits of a Tax Engine
- Less time spent on tax research and content maintenance
- A more reliable AP process automated, consistent tax coding
- Improved tax accuracy, resulting in reduced audit risk
- A more centralized and scalable tax operation with a single tax engine for sales and purchasing