8 Reasons for Compliance Reporting

VAT reporting is often perceived to be a routine process easily manageable through a manual, spreadsheet-driven process. However, if you break down this process into individual steps and take a closer look, it becomes apparent that the overall process can be quite time-consuming and requires specific knowledge. And if you then add changes in business and regulatory changes to the equation, managing your global indirect tax reporting can become a daunting task.

Data crunching can be automated and always involves the full set of data rather than a sample. Any issues are reported transparently and consistently to facilitate any manual interpretation and follow-up. By implementing a global VAT reporting solution, companies can create central insight into end-to-end VAT processes globally.