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The Critical Connection Between Procurement and Tax

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"The Critical Connection Between Procurement and Tax"

How procurement can drive tax compliance, and how tax can drive procurement value

Leading corporate procurement organizations strive to operate in a highly efficient manner. Savvy accounts payable (AP) teams work to automate the invoice-to-pay cycle, from invoice receipt through payment and the filing of monthly tax returns involving those payments. However, the innate complexities of indirect tax calculations and related accounting requirements often interfere with these objectives. Fortunately, this challenge can be  resolved through better collaboration, and stronger technology integration, between procurement and tax groups. 

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