The cloud computing market is booming, with Gartner projecting the industry to exceed $331 billion by 2022. That’s no surprise considering the benefits include cutting costs, 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
• Enhanced security
• Decreased costs
• Easier implementation

The wave of digital transformation that has prompted businesses to migrate some applications to the cloud and re-evaluate process efficiency has officially hit the Manufacturing and Distribution (M&D) industry. In anticipation of the next worldwide crisis, M&Ds can refocus on their core businesses, streamline and automate tax management, and redesign their supply chains to be more flexible, scalable and risk-tolerant.

In this white paper, we share key learnings from IDG’s Research MarketPulse Survey that uncover the challenges IT and finance leaders at M&D organizations are facing today, and the drivers behind their current and future technology plans.

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

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.

The wave of digital transformation that has prompted businesses to migrate some applications to the cloud and re-evaluate process efficiency has officially hit the Manufacturing and Distribution (M&D) industry. Having shifted their sourcing to a handful of large overseas suppliers over the past decade, many companies were unprepared for COVID-19 lockdowns that increased demand for certain materials and introduced new business models and shopping habits as global supply chains were disrupted. In anticipation of the next worldwide crisis, M&Ds can refocus on their core businesses, streamline and automate tax management, and redesign their supply chains to be more flexible, scalable and risk-tolerant.

In this white paper, we will review some highlights from IDG’s Research’s MarketPulse Survey of employees at M&D organizations with revenues of between $250 million and $1 billion. The purpose of the research was to better understand from M&D employees the drivers behind decisions, challenges they are facing today, and any future-state technology plans.