Sponsor: Vertex

Retailers experienced an era like no other when COVID-19 spread worldwide. Shopping switched from in-store to online nearly overnight. The supply chain experienced unprecedented upheaval in product availability and pricing, and purchasing patterns reshuffled product category priorities. As a result, brands had to quickly shift their operations to serve customers and protect revenue in a time of deep uncertainty.

The pandemic upended the retail landscape, but a measured recovery has already begun that will require new approaches and greater agility than ever before. Brands with a strong reinvention approach — one that leverages the latest technology tools and seamlessly supports complex transactions and multi-layered compliance obligations — will successfully navigate the new paradigm and strengthen their market share.

In this e-book by Retail TouchPoints, sponsored by Vertex, Oracle and KPMG, learn some of the core ways retailers can pivot to meet the new pandemic realities, including transformation tips to expand revenue, enhance operations, and maintain compliance.

Ensure Peak Performance In The New Business Environment

Monthly sales and use tax compliance can be a massive burden for your finance department. If you’re looking for ways to control costs and make smart investments, automating these processes in-house using tax compliance technology — or outsourcing them — can deliver measurable business benefits like:

• Reducing audit risk
• Boosting staff value and ROI
• Cutting costs
• Improving governance and controls
• Enhancing scalability

The cloud computing market is booming, with Gartner projecting the industry to exceed $331 billion by 2022.1 That’s no surprise considering the benefits include cutting cost s, improving data quality, increasing security, and ensuring reliability.

Check out these stats, based on a survey of IT professionals, to learn why your organization should upgrade its tax applications or migrate them to the cloud.

Companies that migrate their tax applications to the cloud accelerate digital transformation and experience many benefits:

• Improved data management
• Increased process automation
• Faster access to new functionality/li>
• Enhanced security
• Decreased costs
• Easier implementation

How Digital Transformation Simplifies the Complex Sales Tax Function

Rapidly evolving technologies and the rise of ecommerce were already changing the face and form of commerce. Now, world events, particularly the coronavirus pandemic of 2020, are causing major upheaval in the economy, forcing companies to re-evaluate their business processes. Across industries and sectors—from retail to industrial, B2B and B2C—efforts toward leveraging automation and data exchange are accelerating with digital transformation initiatives that integrate digital technology into all areas of a business.

For the mid-size and large organization, the mandate to automate is crucial for doing business in order to keep pace with competitors, enterprise and technological innovation and global growth.

This special report compiles all the research found when SAPinsider surveyed 116 members of their community. The purpose of the survey was to determine what is critical to their cloud deployment, which cloud providers and deployment models they are using, and what workloads they are running in the cloud. In this special report, learn what drives organizations in their approach to enterprise cloud deployment, discover the top requirements and tools for cloud deployment strategies, and gain your strategy guidance for optimizing cloud deployment processes.

The collaboration of tax and IT departments can ensure optimization of processes, while the tax customizations are also considered. In this white paper, learn how these teams can work together to enable business growth, improve compliance and efficiency, all while ensuring a smooth rollout for IT.

Consumers worldwide responded to COVID-19 outbreaks by hoarding products, and disregarding brand loyalty, which greatly impacted supply chains. In this e-book, learn how to remedy supply chain disruption by understanding technology choices to better manage supply chain challenges.

If SAP customers address what’s needed for tax compliance early in their planning, they can keep their systems up to code and ready to meet the demands of the changing tax laws worldwide. In this white paper, learn how your company can reduce risk, improve efficiency, and lower costs through more-accurate tax calculations.

Vertex Indirect Tax O Series, powered by Oracle Cloud Infrastructure, is a strategic collaboration that enables companies who are running their Oracle applications on OCI, to leverage Vertex Indirect Tax O Series, a best-in-class enterprise indirect tax solution, on the same platform.

During this webcast, learn how our joint customers can build, deploy, integrate, and extend Vertex tax solutions in the Oracle Cloud. We will also discuss how we ensure that rigorous security and performance standards are and continue to be met.

When selecting an enterprise resource planning (ERP) system, executives often overlook the power it holds today and the importance of tax compliance. Some organizations still believe that the operational systems that have supported their companies in the past, will help to do business in a new way as they grow. However, ERP can be a significant impediment to modernization if the processes encoded in the software are inflexible or bind the company to outmoded ways of doing business.

In this white paper, learn about factors which IT leaders should consider when planning for an ERP transformation along with business transformation, the significance of choosing a tax-aware ERP and how the right ERP solution can accelerate the pace and benefits of transformation.

In this new normal, many companies are evolving their business models to keep up with the ever-changing times. In this webcast, Vertex and Deloitte thought leaders discuss how they helped transform Arcadis’ Accounts Payable and Purchasing processes by implementing Vertex tax automation for Oracle Fusion Cloud ERP. Hear from Arcadis, a leading global design & consultancy firm, as they share their challenges and how with the help of tax automation, were able to eliminate tedious, time-consuming, and repetitive processes that allowed their staff to focus on higher-value work.

Viewers will learn how an automated tax solution can give their organization scalability and flexibility while helping improve the accuracy of sales, use, and value added tax calculations on transactions, ultimately reducing audit risk.