Does Sales Tax Managed Services Make Sense for You?

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Organizations across the globe have made the determination that their tax and financial operations run more efficiently, are more tightly controlled, and deliver better bottom-line results when their sales tax compliance shifted to Thomson Reuters. As the industry leader in Sales & Use Tax services, learn more about how we can help your organization improve processes.

Improve Controls. Cut Costs. Go Faster.

Success requires focus and a purposeful alignment of resources against your most important corporate priorities. Focusing on what's important requires business leaders to conscientiously and intentionally choose what they and their teams will and will not do.

Choosing What Not To Do

Many of today's leading companies are turning to managed services as a way to shift their focus away from work that dilutes their organization's effectiveness. By aligning with specialized service providers like Thomson Reuters you can:

  • Free-up internal resources to focus on your core business
  • Gain access to specialized expertise
  • Increase operational and business controls by accessing a specialized service provider who has the scale, expertise and technology to perform the outsourced function better than you can do in-house
  • Reduce risk
  • Lower costs

Sales Tax Compliance Fits the Bill

Certain business functions are particularly great candidates for managed services. These functions have the following characteristics:

  • Recurring processes
  • High volume of transactions
  • Complicated execution processes
  • Complex and frequently changing rules that impact the process
  • Easily measured and tracked performance metrics

ONESOURCE Sales & Use Tax Managed Services Enable You To Refocus

Our proprietary compliance system is our foundation. It brings high levels of automation to each aspect of the compliance process, giving you access to technology that improves control, lowers risk, and reduces the cost of sales tax compliance.

Managing in Today's Environment

While Sarbanes-Oxley requirements have many companies scrambling, they actually represent an opportunity to evaluate and optimize business operations and control structures. Using managed services for back-office functions aligns with this new world in two key ways:

  • It frees up resources to perform the documentation and improvement of controls in other areas
  • It realigns resources so that the right people (including the service provider) are focused on their areas of expertise and value.

Sales & Use Tax managed services can help your tax department strengthen operations and controls in critical areas that require tax knowledge. It also frees up tax department personnel to perform the documentation and control management of other tax functions that materially impact the company's bottom-line.

Does Sales & Use Tax make sense for your tax operations? Contact us at 800-865-5257 or complete our form for more information.