Mastering Compliance Accuracy: How to Develop an Impact Analysis for Global Indirect Tax Tech

This document outlines a best-practices approach that successful indirect tax automation evaluation projects take to build a straightforward and logical business case to justify a project to improve their global indirect tax function. Its approach seeks to set up a way forward to answer three essential questions:

1. What is the multi-departmental impact in time, money, effort, and risk when the tax is incorrect on a sales or purchase-related transaction?

2. What is and who is involved with the current business systems that have sales and purchase tax-related requirements to a) react to, b) fully absorb, and c) accurately comply with global indirect tax rate and rule changes, worldwide?

3. What would be the five-year return on investment, if most or all of the company’s enterprise-wide sales and purchase tax treatments were automatically responded to and consolidated, by a single tax-intelligent determination engine, with continuous access to up-to-date global content?

By addressing these questions, companies can better understand the value that an indirect tax automation project can have on their accuracy, control, and efficiencies across their systems, operations, processes, departments, and people, worldwide