This blog was last updated on June 26, 2021
Businesses of all sizes and in all types of industries often have problems achieving full sales and use tax compliance. This can be especially problematic when an organization is growing, but still aiming to provide excellent goods and top-notch customer services by using sophisticated back-end systems.
The Challenge for Goodin: Accuracy, Audits & Expansion
This is exactly the challenge Goodin Co. was facing. Over four years ago, Goodin Co., a service supply company for residential, commercial, and industrial plumbers, builders, and contractors, realized that their ERP infrastructure wasn’t doing everything they needed given their expanding business, the number of tax jurisdictions they were adding, and the complexity associated with keeping up with all regulatory changes. As a result of working with Sovos, their sales and use tax process is more streamlined, effective, and easy to manage.
The Sovos Sales Tax Solution:
Accurate Determination & Filing = Less Audit Exposure & More Efficiency
With the help of Sovos, Goodin Co. has been able to reduce their audit exposure and penalties because Sovos Sales Tax provides them improved accuracy when it comes to determining and filing sales tax for the over 1,000 jurisdictions where they currently conduct business.
Moreover, Goodin Co. has re-focused the efforts of one full-time employee to concentrate on business growth objectives instead of sales tax calculation and regulatory research.
Mike Grunklee, the current Treasurer and CFO, as well as his accounting and finance departments, are now happy to report they spend much more time and attention on business critical activities and can add jurisdictions where they do business with “peace of mind, because Sovos is providing accurate sales tax calculations, using the geo codes they introduced us to, and the timely filing of the right returns helps us avoid costly audit exposure and penalties. The personal service and quick response by Sovos makes for a clean process when we need to make adjustments to our systems.”
Download the Goodin Co. client success story and find out how Sovos helped Goodin Co. vastly improve the effectiveness and accuracy of their sales and use tax process so they can continue to set the quality operational efficiency their business demands.
