The Definitive Guide to Incorporating Sales Tax on Your S/4 HANA Journey
Key Takeaways
⇨ Migrating to SAP S/4HANA enables organizations to automate and streamline tax compliance, reducing the burden on finance and IT teams.
⇨ The accelerating pace of regulatory changes and the digitization of tax systems necessitate integrating tax processes early in the S/4HANA migration to avoid costly errors and audits.
⇨ A cloud-based tax solution within S/4HANA offers increased visibility, reduced manual effort, and the ability to adapt rapidly to changing business conditions and regulatory requirements.
Organizations using SAP know that technology is evolving at an increasingly fast pace. When it comes to sales tax, those same organizations also understand the importance of compliance. But how can you maintain compliance without putting extra strain on your finance and IT teams? Is it really possible to keep track of all rate changes and sales tax obligations?
What happens if you make a mistake?
SAP users cannot overlook tax compliance demands, but also shouldn’t be overburdening internal teams to keep pace. Migrating to S/4HANA enables better business flexibility, allowing organizations to adapt rapidly to changing business conditions. It can also provide real-time visibility into business operations, including a company’s tax strategy. This eBook will
discuss the importance of including the transformation of tax as part of the S/4HANA journey and how it can help to remove undo pressure on finance and IT teams.
About Sovos
Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as
well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees
throughout the Americas and Europe, and is owned by Hg and TA Associates.
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