Having a cloud-based sales tax solution can be greatly beneficial for businesses that are working to stay compliant in an ever-evolving industry. While user-centric solutions that operate on the most up-to-date regulatory requirements are key, organizations cannot ignore the indirect tax burden that can impact IT departments. Moving to SAP S/4HANA will help IT teams better manage sales tax solutions.
Businesses that are considering migrating to SAP S/4HANA will greatly benefit from moving to the cloud. Organizations can also better ensure that their IT teams and tax/finance departments are properly aligned for the migration, which will keep all departments happy and productive.
ASUG, the world’s largest SAP user group, conducted research in collaboration with Sovos to better understand the sales tax solution experiences and change management processes of customers that use SAP enterprise resource planning (ERP) systems. The research also looked at how IT departments are impacted by sales tax solution testing, system updates and sales tax-related issues.
Source: SOVOS
