As the ramifications of the Supreme Court decision in South Dakota v. Wayfair continue to transform the sales tax landscape, it is more important than ever for businesses to consider tax in their digital financial core. Businesses that don’t are poised to face increasingly burdensome manual processes and increased risk. Today, 43 states (along with the District of Columbia) impose sales tax compliance requirements on remote sellers through new economic nexus laws, some effective as far back as June of last year. With states feeling ready to enforce their new laws and rules, companies with insufficient compliance processes will soon feel the pain of audit assessments. Many businesses are now finding their SAP S/4HANA journey the perfect opportunity to streamline order to cash and procure to pay processes to better incorporate sales tax compliance.
Join Sovos’ Chuck Maniace and Tim Roden to learn how the Wayfair decision impacts your obligation to collect tax on sales and purchasing — and ultimately how it will effect your S/4HANA journey.