Best ERP systems for global tax compliance
M&A activity has ramped up as the economy attempts to stabilize following the disruption of Covid-19. With the expansion of businesses across industries and state and national borders, organizations face increased financial scrutiny and local and global tax compliance and reporting challenges. Many organizations are turning to their ERP solutions to consolidate the charts of accounts and onboard the financials of acquired companies to support their growth strategies. Nucleus interviews hundreds of solution end-users every year and found that companies leveraging ERP systems with global tax compliance functionality experienced significant benefits. The few ERP vendors capable of automatically updating multinational compliance measures and tax calculations within their customers’ ERP systems deliver cost savings, reduced audit risks, and improved employee productivity.