Aug 31, 2022
•1 minute read
indirect tax
Cloud-based Indirect Tax Saves Ingram Micro Time and MoneyAs international trade grows, so too does the weight of indirect taxation on the business landscape. There is also a growing urgency for tax departments to enhance business value through digital transformation. Changes in indirect tax can come frequently, according to Calvin Lai, Senior Manager at Ingram Micro Tax. This means that ensuring indirect tax processes are up to date, accurate, and reliable is vital for businesses looking to compete in an increasingly digital and global economy.
Ingram Micro, a global leader in technology and supply chain services, heard the call to action. Together with SAP partner Vertex Inc. Ingram Micro is transforming its legacy application for global sales and VAT determination by leveraging the cloud and SAP technology, and integrating best practices to ensure accuracy of sales and purchasing tax data. The company is experiencing new revenue streams, improved indirect tax determination accuracy, reduced dependence on IT support, increased tax department efficiency, and improved audit performance.
Read this member insight and learn:
- How Lai unified all tax data elements into a single, centralized calculation platform, saving time and creating opportunities for revenue expansion;
- Lai’s unique perspective on defining master data for tax and how he claimed ownership of it, starting with the United Nations Standard Products and Services Code;
- About the advanced solutions that reduced new tax category launches from one to two weeks down to one to two hours; and
- How the company has improved efficiencies by moving indirect tax to the cloud and implementing SAP S/4HANA.
Nov 8, 2021
•8 minute read
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