Taxation can be a complicated & challenging subject with structure & compliance process being very dynamic. Any mismanagement can lead to heavy penalties & become a burden to the businesses. For effective management of tax compliance; here is the world's #1 global cloud ERP, NetSuite OneWorld which simplifies, automates & provides transparency by managing your global tax and compliance responsibilities.
Provides you with the audit trail by producing logs for both external & internal tax auditors and further reduces the non-compliance risks by recording the underlying transactional data from the source to generation of detailed reports.
With standardized workflow across all international operations NetSuite OneWorld meets accounting & tax regulations of more than 110 countries thus automating the standard business process.
Validates the data entry based on internal standards and centrally defined out-of-the-Cloud pre-configuration of tax codes and localized reporting.
Single system architecture means no re-keying of transactional or tax data, avoiding common errors and traceability gaps found in traditional point solutions.