How cloud indirect tax software beats on-premise
Cloud technology has hit a tipping point for businesses of all sizes, and indirect tax departments can and should use the cloud to improve processes and lower costs while maintaining a positive experience for the cloud user’s customer base.
Companies receive a high level of expertise and near-certain uptime when they select a tax technology platform that also operates best-in-class data centres. Reliability and scalability are key. In-house IT teams no longer need to worry knowing they won’t be pulled off their projects because something suddenly happened to a server rack in a warehouse.
A company can only properly conduct business if the platform it uses for indirect tax is always on and can move at the speed those transactions occur. Indirect tax software has a real-world impact on the experience a company delivers to customers.
Find out more about how cloud can benefit your indirect tax department by downloading the special report and understand how:
- The cloud is designed to always be online and never lose data making it well-suited for indirect tax because those taxes must be calculated, retained and collected on a transaction-by-transaction basis.
- Cloud tax software is the most secure option by ensuring a stable, secure computing environment which also monitors the ebbs and flows of network traffic looking for suspicious activity.
- Faster networks, better infrastructure, more secure encryption, new security standards and certifications, and new data architecture standards have worked together to turn cloud computing from a question mark into a necessity for IT departments.
The benefits of cloud computing are too great to ignore— particularly for the indirect tax departments of mid-sized to large companies. Cloud solutions eliminate the burden of system administration and maintenance so management can focus on value-added activities.