HOW INDIRECT TAX TECHNOLOGY WORKS: A Comprehensive Guide To Indirect Tax Technology

Discover How Indirect Tax Technology can elevate you into a sought-after Taxologist or Tax Technologist role, opening doors to a fulfilling and rewarding career or strengthening your position within an existing tax function. The book aims to enhance readers' knowledge and skills in modern indirect tax technologies, including ERP Native Tax, Tax Engines, Add-ons, Tax Compliance Reporting Solutions, e-Invoicing, and AI Tax, which are used by thousands of multinational Fortune 500 companies. It provides detailed, illustrative, and easy-to-understand functional architectures of tax software, including integrations, processes, and workflows. The focus is on streamlining, digitalizing, and automating tax processes within the tax governance framework. It walks readers through a steady learning curve, starting with indirect tax basics, tax tech terms, ERP tax, external tax software, and tax skills, knowledge, and competency. It empowers readers to look beyond conventional tax solution practices and move forward by understanding, adopting, implementing, and operating modern tax technology, comprising systems, processes, integrations, data, taxonomies, tax drivers, and tax authorities. Suitable readership includes professionals in Tax, Finance, Accounting, Global Trade, Transfer Pricing, Information Technology (IT), ERP Technical and Functional associates. Graduates and beginners who would like to level up their knowledge in indirect tax technology. The book is product agnostic, meaning it is not limited to or biased toward any single product, brand, or vendor. It is suitable for any ERP system, including SAP, Oracle, Microsoft Dynamics, Coupa, Sage, NetSuite, Epicor, Infor, Workday, Odoo, QuickBooks, and custom and legacy ERP solutions. Additionally, it blends well with any tax software, including Thomson Reuters ONESOURCE, Vertex, Avalara, SAP, Sovos, BizTax, Fonoa, and any tax software offered by the Big Four accounting firms or other tax technology companies. This versatility exists because tax determination, compliance, and reporting processes are standardized and generic, as outlined by a country's tax administration. While product names and brands may vary, the fundamental working architecture remains broadly similar. An excerpt from the foreword written by Aimard Alexis Tax Technology Product Leader, Expedia Group "Current educational resources tend to address topics like ERP tax, tax engines, and tax compliance reporting software, e-invoicing tax, and integrations in a disjointed manner, focusing more on specific products rather than offering a unified perspective. The book strives to illuminate the world of tax technology, detailing not only the essence of these tools but also how they work independently and collaboratively to enable modern indirect tax management. The structured approach of the book is truly inspiring, with each chapter acting as a "rung" that builds upon the last. This design empowers readers to evolve from fundamental concepts to advanced proficiency. Whether the reader is embarking on an initial exploration of tax technology or seeking to enhance their understanding of an increasingly digitalized tax environment, this work will furnish the necessary knowledge to navigate current challenges and strategically prepare for the future of indirect tax. " TaxTechnology, TaxEngine, TaxComplianceReporting, TaxDetermination, e-Invoicing, IndirectTaxTechnology, Tax Authority, TaxSoftware, ERPTax, Tax Automation, Tax Digitilization, IndirectTax, TaxDrivers, Taxability Matrix, Transaction Tax, Tax API, Commodity Codes, Tax Exemption Certificate, Tax Master Data, Sales Use Tax Automation, Tax Reporting, Business Tax Processes, Tax Tech Skills, Tax Code, Tax Data Modelling, Tax Determinants, Tax GL Tax Jurisdiction, VAT Technology