Video: Avalara Talks Global Indirect Tax Compliance Complexity
By Ogo Nwanyanwu, Research Director, SAPinsider
The current global tax management landscape calls for organizations of all sizes to tightly manage global indirect tax compliance and support a growing list of tax regulations across thousands of tax jurisdictions. SAP ERP supports customers from healthcare, insurance, oil & gas, consumer goods, retail, and technology, operating in more than 180 countries across the globe. These organizations evaluate and invest in global tax management solutions that enable standardization and automation across core business processes that touch the indirect compliance lifecycle.
Global tax management solutions, such as AvaTax, work across sales, procurement, and core financial processes, offering global indirect tax compliance automation that helps organizations manage VAT in Europe become compliant with sales and use tax in the U.S. By centralizing global indirect taxes content updates tax rate changes, organizations can calculate, remit, report, and automate indirect taxes across all global entities to make it easier for multinational businesses to operate more efficiently. In addition, AvaTax is designed for international companies with cross-border transactions such as SAP customers by supporting the most common indirect tax regulations worldwide to manage product taxability and tax liability exposure concerns effectively.
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With global tax management becoming more of a priority, it is essential to understand the global indirect tax challenges and how SAP organizations can address them. SAPinsider recently sat down with Christian Jensen, Director of Technical Consulting, at Avalara to provide insight on indirect tax compliance trends currently impacting our SAPinsider community.
Watch the video of the conversation here:
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