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

ThomsonReuters

Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. Thomson Reuters: How are certain trends in politics, culture, technology, or industry affecting businesses?

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How to Improve the NetSuite Invoice Approval Workflow

MineralTree

Creating an invoice approval workflow in NetSuite can streamline this cumbersome procedure for organizations that use NetSuite as their ERP. In this blog, we’ll lay out the process for setting up an invoice approval workflow in NetSuite, discuss potential pain points, and recommend a few strategies for improvement.

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

ThomsonReuters

Second, existing systems couldn’t handle the company’s rapid business growth, so the decision was made to upgrade the tax system along with the entire finance function. How to successfully make the business case for an indirect tax tech investment. So when is the right time to invest in indirect tax automation ?

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The Tax Technology Transformation: Getting Started

ThomsonReuters

Other business-related reasons can also play a role, such as: A management push for greater efficiency and higher profit margins. Other business-related reasons can also play a role, such as: A management push for greater efficiency and higher profit margins. Relying solely on an ERP system for tax is no longer sustainable.

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E-invoicing basics for compliance professionals

ThomsonReuters

As part of the transition to an all-digital economy, tax authorities around the world are implementing various forms of e-invoicing and/or continuous transaction controls (CTCs) to gain more control over—and insight into—business transactions, both within their borders and cross-border.

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Tax Data Software: Four Ways to Future-Proof Your Tax Department

ThomsonReuters

Business leaders are looking for opportunities in disruptions as they prepare their companies for the future, and tax technology should be a part of their plans. With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness.

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