Indirect and sales and use tax management is an essential process that can be time consuming, confusing, and costly. The labor associated with indirect management costs an organization significantly in both the tangible costs associated with the hourly wages of dedicated employees, as well as the less tangible opportunity cost incurred when employees spend their time focusing on tax instead of other tasks. In fact, Aberdeen found that the average yearly cost to manage sales and use tax for a small organization is more than $63,000. Read the full report to learn more about the drivers of the cost of compliance and what distinguishes top-performing companies when it comes to sales and use tax management.
