The CFO’s Guide to Compliance
The modern financial leader has much more on their plate than just FP&A (financial planning and analysis). It’s a role that moves beyond traditional financial functions and requires expertise in risk management, hiring and compliance, for starters. For a company’s finance leader to be successful, they must move into a more strategic role.
CFOs of successful e-commerce businesses know that properly handling sales tax is one critical component to staying compliant – and compliance is an important part of your strategic plan for achieving major business milestones like fundraising and acquisitions. This guide will help finance leaders understand how to properly manage sales tax compliance efficiently, leaving plenty of time to focus on initiatives that grow their business.
Here’s what you’ll learn in this guide for CFOs and financial leaders:
- Understanding and managing nexus
- Harnessing the power of automation for sales tax compliance
- Integrating tax into ERP systems
- Handling audits
- Navigating compliance issues while raising a Series A or getting acquired
Read what the guide has to say about automation’s immediate impact:
Whereas some companies may be forced to hire additional team members in a finance department to regularly file in multiple states, letting a sales tax solution automate compliance reduces that need. It also lowers the capital outlay that could be spent more efficiently for necessary capital expenditures, or to increase headcount on other teams opening the door for company growth. Automation is a trend that will accelerate in the future – automating sales tax compliance is a way to take a step in that direction today.
Download the guide for a deep dive into compliance for financial leaders.