This white paper outlines the need for automated indirect tax determination and reporting within enterprise resource planning (ERP) systems due to the complexity and constant change of tax codes across different jurisdictions. Manual management of indirect taxes is risky and inefficient, with thousands of state and local tax laws that include numerous exemptions. Automated tax engines integrated with ERPs can accurately calculate taxes, reduce audit risks, and improve efficiency by updating tax laws in real time, managing exemptions, and automating tax reporting. Vertex's solution integrates with Workday Financial Management, offering over 700 million rules for tax calculation and compliance, significantly reducing the burden on businesses to keep up with tax regulations.

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