VAT Compliance The Business Case For A Tax Engine
Two important root causes for things going seriously wrong are incorrect human interference and incorrect or incomplete master data.
One of the challenges in VAT is that the end-to-end process is scattered over various departments in your organization, starting with your master data team through procurement and sales, ending with accounts payable and finance
Two important root causes for things going seriously wrong are incorrect human interference and incorrect or incomplete master data. To squeeze out the human errors that will occur in both your Order to Cash (O2C) and your Procure to Pay (P2P) processes,the best solution is to automate the VAT determination in these processes.
