Procure to Pay Process – ASUG Survey Finds Sales and Use Tax Obligation Blindspot – INFOGRAPHIC

Alex Forbes
May 2, 2018

Americas’ SAP Users’ Group (ASUG) survey of finance, tax, procurement and IT professionals reveals a continued proper sales and use tax obligations blindspot in the procure-to-pay process.

See INFOGRAPHIC Below

Large geographically dispersed manufacturers, wholesalers and financial services organizations have varied and complicated purchasing processes and channels. As these organizations grow and purchase from an ever-growing stable of suppliers for their business needs, they will encounter a number of sales and use tax compliance challenges.

The following infographic highlights some of these key challenges and how your peers are managing vendor overcharges and undercharges on invoices that contribute to significant audit risk within their organizations.

 

Procure-to-Pay Sales Tax Audit Risk Infographic - Sovos ASUG

Click for Full Size Infographic

Take Action

Download the ASUG white paper, “Risky Business, How to Beat the Inefficiencies of Tax Compliance on Purchases,” to learn:

  • The clear and present risks associated with an increase in audit frequency and scrutiny on sales tax, and in particular, use tax, on purchases.
  • Current processes and technology your peers are using across the procure-to-pay process for tax compliance with varying results.
  • The necessary steps to reduce risks and burdens of tax compliance on purchases across your organization

 

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Author
Alex Forbes
Alex Forbes is Senior Manager, Content Marketing, at Sovos. When not helping readers navigate their tax-related digital business transformation journeys, he enjoys day tripping around New England with his wife.

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