Automate your customer exemption certificate process
More than 30% of organizations report that managing customer exemptions takes up the majority of their time when it comes to sales tax compliance. Businesses are looking to digitize their databases for easier information retrieval and to apply their exemption certificates in real time.
Additionally, audits are on the rise, with preparation typically taking a whole work week or longer. Organizations across industries report more than $50K in average penalties paid, with over 25% of businesses reporting increased audit frequency. The cost to support those audits is also cited as a significant compliance challenge.
Higher audit costs attributed to disorganized exemption certificate management is a significant risk for organizations, but CertManager can help you streamline processes, reduce your audit risk and eliminate “what ifs.”