- Innovate Tax recommends considering whether the native functionality of your ERP system can be configured to automate tax determination, application, and remittance.
- In some cases, implementing a third-party tax engine may be necessary, especially in complex tax scenarios like Sales & Use Tax in the US.
- Innovate Tax follows a six-step project methodology for tax engine implementations, including requirements gathering, requirements analysis, design, build/unit testing, testing, and cutover activities. They aim to optimize software performance, minimize tax maintenance burdens, and deliver world-class automated tax solutions for global clients.
Source Innovate Tax
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