- Indirect tax technology is an important aspect of global business operations.
- The decision to buy or build tax technology often arises when companies need to address their global tax technology needs. In the past, building in-house tax technology was the only option due to the lack of suitable enterprise solutions.
- However, with the availability of modern tax technology and alternatives on the market, the decision would be different today.
- It is recommended to build tax technology only if absolutely necessary and to create a framework for assessing build vs buy decisions.
- Factors to consider include the uniqueness of the business issue, budget, timeline, and opportunity cost. It is important to choose the best approach for long-term investment and to avoid non-functional or non-compliant solutions.
Source Fonoa
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