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

ThomsonReuters

Data consolidation challenges One of the greatest challenges facing tax departments is a lack of data integration and automation among systems. accounting software, payroll, etc.) Unfortunately, for tax and accounting professionals, efficiently and accurately bringing all of the disconnected data together can be very challenging.

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

ThomsonReuters

In a recent Forrester Consulting Research paper on the economic impact of IDT automation, companies with a 3% manual error rate were able to reduce errors to less than 1%, thereby saving money, improving cash flow, delivering better customer service, and avoiding the headache of having to recalculate taxes to find and fix errors.