The Future of E-Commerce Compliance, Part III
The landscape of sales tax compliance is complex and constantly changing. Businesses are turning to automation to bolster their efficiency and accuracy in the midst of these changes. Learn how financial professionals are using automation--and how they expect to use it in the future.
We surveyed more than 500 financial professionals in order to better understand how they are navigating e-commerce compliance — as well as how they foresee the landscape changing in the future. We’re bringing you our results and the insights they’ve provided in three parts.
In this third, standalone part of the report, Supporting Compliance with Automation, you’ll learn:
- What has typically led financial pros to automate compliance
- The role automation plays in confidence and efficiency
- The functionality considered most important in compliance automation
From part III of the report:
For those financial professionals who do rely on automation, they report that increasing efficiency is a benefit (60 percent) and nearly half are using automation to save time (44 percent). However, financial professionals find myriad other reasons to automate. Many recognize automation as a tool to avoid compliance issues by eliminating the human element. Nearly half of financial professionals automate to avoid human error (47 percent) and make sure that they are always using accurate sales tax rates during customer check-out (49 percent). Additionally, many are automating to grow their business (45 percent).
Download Part III and get access to the entire report — plus, stay tuned for a webinar featuring compliance and research experts.