Tax professionals who support organizations with multiple ERP systems often face a fragmented landscape when it comes to indirect tax calculation. One system might rely on native tax functionality, while another uses a third-party tax engine— or worse, a manual process. While this piecemeal approach might seem manageable in the short term, it can quickly create tax complexity, wreak havoc on operations, and require data reconciliation that can be avoided. This guide delves into seven major challenges that arise when tax is managed in silos across disparate source systems including:
- Data integrity, consistency, and integration issues
- Inefficient processes
- Compliance risks
- Increased IT support
- Training issues
- Scalability issues
- Increased maintenance costs
