At this point, knowing that increasingly complex sales tax requirements exist is not the issue. Organizations know that they’re facing more complicated rules and regulations, but it’s more a matter of taking the time to invest in the necessary tools to properly face those challenges. With an automated sales tax compliance solution, businesses can better overcome the ever-evolving world of tax.
Sovos’ own Tim Roden, solutions principal, recently discussed those very issues with SAPinsider. SAP organizations can leverage cloud-based tax automation solutions to provide tax teams with a more robust sales and use tax compliance framework, Roden said. Specifically, rapid changes lead to greater exposure to audits or fines and tax teams face increased pressure to keep pace. Organizations can focus resources on core business activity when cloud-based automation integrations with S/4HANA enable sales tax compliance automation.
Source: SOVOS
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