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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

“One of the biggest challenges facing the the tax profession today is the increasing amount of data that must be processed to prepare financial statements. In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C.

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

The earlier tax is involved in the discussion the better, however, because buy-in from the top is key. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. – are crucial, especially if the new ERP is going to enable enterprise-wide data-sharing.

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New report highlights key indirect tax challenges regarding compliance, technology, and e-commerce

ThomsonReuters

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. Often, this managerial insecurity stems from a lack of confidence in the quality of the data available to indirect tax teams. White paper: The Future of Tax Departments.

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5 steps to win a business case for an indirect tax technology solution

ThomsonReuters

In a recent Thomson Reuters report, “ Indirect taxes: Much more than a process ,” we interviewed more than 30 tax directors around the world and found that the decision to adopt a more sophisticated tax technology solution was usually triggered by two issues.

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Indirect tax automation: Practical tips for companies beginning a tax transformation journey

ThomsonReuters

Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Where is your indirect tax team in the journey to becoming more technologically sophisticated? Tax automation is more than just a trend.

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E-invoicing basics for compliance professionals

ThomsonReuters

In this three-part series, we will explain what e-invoicing/CTC is, how it works, why it is gaining popularity, what technology and compliance challenges e-invoicing presents to corporate tax, finance, and IT teams, and share some best practices for doing business in an e-invoicing/CTC regime.