Companies often face significant challenges in ensuring the accuracy of sales and use tax calculations and reconciliations. Despite seeming straightforward in theory, the reality of extracting, consolidating, manipulating, and reconciling large datasets from various systems often leads to time-consuming manual processes.

This can result in:

• Delinquencies

• Underpayments or overpayments

• Audit penalties

A solution is offered by TTC Team to address these challenges. By developing an automated, end-to-end analytic process, the goals are to:

• Minimize manual efforts, extracting, validating and reconciling.

• Maximize accuracies in sales and use tax reporting.

• Streamline the entire process from data sourcing to reconciliation.

This automated approach can help companies increase their confidence in sales and use tax compliance and reduce the risk of errors and penalties.