Improving Tax in the Procure-to-Pay Process

How does a tax engine benefit tax, procurement, and IT professionals?

A tax engine reduces the need for in-house research and financial system updates, improves tax accuracy, and streamlines tax coding ― all while supporting centralization and scalability within your business. 

Learn the benefits experienced by tax, procurement, and IT professionals when a tax engine is added to the procure-to-pay (P2P) process in this infographic:

How can you optimize tax in the P2P function?

Because tax engine functionality is more robust than native ERP or procurement systems, it increases accuracy and efficiency ― in addition to improving vendor relationships with streamlined invoice approval. A single tax engine supports multiple financial systems across sales and purchasing, improving scalability. And cloud deployment eliminates system hosting and maintenance, saving time and resources.

Tax team benefits:

• Reduced need for in-house tax research
• Improved tax accuracy
• Enhanced scalability

Procurement team benefits: 

• Automated and standardized tax coding
• Increased accuracy and efficiency 
• Improved vendor relationships

IT team benefits:

• No need for continual tax updates
• Improved scalability
• No hosting and maintenance with cloud deployment