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PowerBI vs Alteryx: why you are asking yourself the wrong question
The real impact of data analytics and visualization comes when they are applied as they were designed to be. In the world of indirect tax, data is both an essential resource and a constant challenge. Tax teams are tasked with complex reconciliations, identifying anomalies, ensuring compliance, and producing reports that are suitable for both regulatory…
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Should you use KNIME for data analytics in VAT compliance?
Disconnected data, recurring manual tasks, and limited system flexibility often hinder timely and accurate reporting. You need a data analytics tool to help – and there are plenty of options out there. Is KNIME an option that you should consider? What is KNIME? KNIME is a free and open-source data analytics platform. In a way…
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Data Analytics in ITX Compliance
Compliance with Indirect Tax regulations is a critical concern for companies operating across multiple jurisdictions. The sheer complexity of the business operations require meticulous record-keeping and accurate reporting to avoid penalties. In order to do this, huge amounts of data are required: for every single transaction that takes place, be it a sale or a…
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Data cleaning and process optimization for Indirect Tax
Analysis of master data, logistics and transactional details are pivotal steps in the preparation for the migration to an updated or entirely new ERP system. Proper configuration of specific Indirect Tax drivers in an ERP system is essential; lacking these drivers can obstruct Indirect Tax determination, Indirect Tax (real-time) reporting, and (e-) invoicing, leading to…
KNOWLEDGE CENTER
Welcome to VATWorkx labs!
Here we explore the latest trends and share our latest research on VAT, ERP systems, e-invoicing, automation, and many more.