You’re watching a top moment from the Automating Finance Battleground which premiered in October 2021. As part of the Future Office of the CFO program, the Automating Finance Battleground brought together top analysts, finance leaders, and technology experts for a digital event covering automation strategies to streamline the finance department.
00:08 – The Vertex transaction tax automation strategy calculates tax rates and automatically changes according to the rate.
00:28 – By having a system that automatically processes the tax rates, Vertex can load the rates into the system in real-time. So, the tax determination is always current and accurate.
00:52 – From the tax automation system, the information moves to a place where you can collect it and store it. Then, you can file a tax return accurately and timely. After the return auditeding, the system stores the information within a tax journal so it’s all in a central location.