The SpeedTax Idea
Sales Tax Compliance has been waiting decades for Software-as-a-Service to happen.
Businesses large and small have long been expected to somehow keep up with constantly shifting rates and rules across thousands of taxing jurisdictions nationwide, either choosing to strive for compliance by inadequate manual research and “best guess” methods, or by implementing costly sales tax software.
The ascent of web services as a low-cost, low-burden way to deliver acronymed applications previously reserved for large enterprises – such as CRM, SFA and ERP – to the midmarket, has now finally intersected with sales tax compliance. This changes everything.
Businesses now have a choice to either (a) procure, implement, manage and update a sales tax database internally, or (b) by subscription, gain access to a remotely managed, certified rules-based calculation engine via a secure internet connection to automatically drop a correct rate into every new transaction.
SpeedTax is proud to represent all the benefits of Software-as-a-Service in alleviating the cost and burden of sales tax calculation, jurisdiction assignment and rate determination. With its online management and service center, it goes beyond those basics to also provide a uniquely sophisticated blend of compliance management tools to enable reporting views, treasury management and audit responsiveness. SpeedTax offers, in total, simply the most effective and appropriate approach and toolset for the unique problem of sales tax management.
