Sales tax management and compliance is a tedious activity that’s a burden to many businesses. Companies that are calculating sales tax manually are wasting valuable time and resources on a process that’s complex and error-prone. So let’s explore the benefits of automating sales tax compliance with Sage Sales Tax for Sage ERP X3.
Understanding the Sales Tax Challenge
Sales tax compliance is a legal obligation and will never represent a profit-generating activity your business. Therefore, any time and money spent on compliance are valuable resources that are drawn away from other areas of your operation that may be more important to your bottom line.
Even if you invest the time and resources to manually calculate sales tax and file the appropriate returns, it’s an extremely error-prone process. With thousands of tax regions to keep track of, overlapping jurisdictional boundaries, and constantly changing rates and taxability rules, it’s virtually impossible for most companies to achieve 100% accuracy. Therefore in addition to the time and money spent on manual compliance, you may be vulnerable to fines, penalties, late fees, and interest charges.
Automated Sales Tax for Sage ERP X3
It’s a web-based service that runs behind the scenes of your Sage ERP X3 system which means you use the same order entry and customer screens that you’re already accustomed to. Just enter the customer and product data, and then let Sage Sales Tax automatically perform address validation, rate updates, and sales tax calculations instantaneously.
Sage Sales Tax is fast, easy, accurate, and affordable. It’s time to put the compliance hassles and audit concerns behind you and focus, instead, on the things your company does best!
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