As the digitization of tax continues, many organizations are looking to reduce the complexity and cost of tax compliance. In our latest spotlight report, created in partnership with Americas’ SAP Users’ Group (ASUG), “Boost Tax Compliance Capabilities and Visibility with SAP S/4HANA”, we discuss the most optimal time in the SAP S/4HANA migration process to include tax solutions.
One of the most simple ways to prevent additional costs (and headaches) is to ensure that tax solutions are at the front of mind as you plan to migrate operations to the cloud with SAP S/4HANA. Migrating to SAP S/4HANA can be a complicated process for your organization, but it also represents a tremendous opportunity to update and align your tax strategy to meet the challenges and needs of modern sales tax. Research done by Sovos in our State of the Market Report shows that the main goal of 57% of SAPinsiders’ finance and accounting strategy is to reduce the complexity and cost of tax compliance.
Source: SOVOS
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