Tax engine vs native ERP configuration
As the global indirect tax landscape evolves and the revenue authorities continue to review their activities, today’s organisations need tax technology that can deliver value at the speed of business transactions, whilst ensuring accuracy and compliance without burdening internal teams.
As a transaction-based tax, indirect tax touches every area of the business. It is critical to ensure the finance environment has sufficient controls to capture data accurately and report indirect tax downstream.
So when choosing a software solution, which is best? Your native ERP or an integrated tax engine? The answer depends on your organisation. This whitepaper provides expert information to help you understand if and when a tax engine is right for you.
This whitepaper weighs up the cost-benefits of ERPs and Tax Engines, we’ll take a closer look at:
- An ERP-centred approach to managing indirect tax: What are the challenges?
- The impact of standalone tax projects failing to gain funding
- What happens when tax requirements are often missed in an ERP scope
- 5 key ways a tax engine mitigates risks and delivers business value
- Case study: How Tata Consultancy Services transformed tax operations with ONESOURCE Indirect tax
