Black Friday by the Numbers [Infographic]

Sovos
November 26, 2014

This blog was last updated on June 26, 2021

Blurring the line between Black Friday and Cyber Monday

With online and mobile shopping growing exponentially and blurring the line between Black Friday and Cyber Monday, it’s important that your sales tax determination software is able to accurately handle the expected volume wherever your customers are buying; online, in a store, or over the phone.

The holiday shopping rush can mean the difference between ‘in the red’ and ‘in the black’ for many retailers.  Incorrect calculations or slowed transaction time can undo all of your careful planning and result in penalties, bad press, and loss of critical online sales. Additionally, inaccurate sales tax calculation can result in lost profits due to the volume of transactions during the biggest shopping event of the year!

Download our Black Friday/Cyber Monday infographic to see just how critical accurate sales tax calculation can be this season.

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Retailers can reduce the work and expenses incurred by administering to state and local requirements with Taxware’s:

  • Powerful Determination Tools – manage tax compliance needs regardless of complexity, type of retail environment, over thousands of locations in which you operate across the globe
  • Superior POS Functionality – extremely fast processing speeds
  • Superior Tax Content – proprietary and robust content that’s updated regularly for accuracy
  • Easy Implementation and Use – flexible deployment, any situation, any size retail operation

Taxware is a market-leading solution for retailers to manage tax compliance, limit audit exposure, and reduce costs. To learn how Taxware can help your retail business, schedule a conversation with Taxware today.

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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