Cloud technology can help indirect tax groups respond quickly to major business model changes, facilitate smoother ecommerce transactions, better customer experiences and respond effectively and efficiently to constantly changing tax compliance requirements.
Tax’s early and active involvement in ERP transformation initiatives offers other benefits: upfront participation gives tax professionals an opportunity to nurture more collaborative relationships with their finance, accounting, procurement and sales colleagues. These interactions can help colleagues understand what tax-relevant data should be captured when onboarding new customers, creating a purchase order, accepting an invoice or paying a bill.
Source: www.vertexinc.com
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