Cloud vs. On-Premise Sales Tax Solutions
If your company is growing, you operate as part of a supply chain, or have a high volume of taxable transactions, it may be time to re-evaluate how you handle sales tax in your business. Migrating certain business functions to the cloud or outsourcing them to third-party cloud providers can be a competitive advantage over having to build custom workarounds or maintain on–premise solutions that need constant management and updating. Sales tax is one of these business functions. The evolution of cloud-based software and software-as-a-service (SaaS) solutions has given businesses a more flexible and affordable alternative to costly on–premise installations for managing compliance.
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