How Manufacturing Leaders Overcome Sales and Use Tax Audit Challenges – INFOGRAPHIC

 

The current regulatory environment for manufacturers is laden with risk. In a recent Aberdeen Group survey, 50 percent of manufacturers indicated they saw a significant increase in audit scrutiny and frequency over the past two years, with another 60 percent believing audit frequency and scrutiny will continue to accelerate over the next three to five years.

 

What Manufacturing Leaders Do Differently for Sales and Use Tax

The speed and complexity of sales and use tax compliance is outpacing solutions most businesses use to comply. As a result, manufacturing business leaders are seeking more powerful cloud applications to approach compliance strategically.

 

The following infographic highlights the key risks and challenges posed to today’s manufacturers by their current sales and use tax process, their biggest business drains and what Leading manufacturers do differently to outperform Followers.

 

How Manufacturing Leaders Overcome Sales and Use Tax Audit Challenges - INFOGRAPHIC

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Take Action

Download the full Aberdeen Group report, “Sales and Use Tax Compliance for Manufacturers: Boost Confidence, Ensure Accuracy.”

 

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The post How Manufacturing Leaders Overcome Sales and Use Tax Audit Challenges – INFOGRAPHIC appeared first on Sovos.

 

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