Accurately complete your tax apportionment process, saving time and money
Cut the time you spend identifying and isolating data for tax apportionment
Get the flexibility to make minor changes to your workflow that will greatly improve accuracy
Your finance team wastes valuable time devising and maintaining different methods of tax apportionment for different product types and different authorities. Attributing every transaction is daunting, painstaking work, and it’s hard to be certain that it’s been done correctly. Many companies relegate this task to ordinary spreadsheets, a practice that usually results in more mistakes than organizations can afford.
A modern, analytics-based approach to tax apportionment applies enterprise connectivity to entire data sets of transaction data instead of mere sampling. You get consistent identification of taxable events through repeatable, visual business rules that can shorten the tax apportionment cycle from multiple workdays to less than one hour.
With Alteryx, you can:
Automate connection to sales, zip code, and tax rate data
Clean sales data and specify which taxes apply
Apply tax rates at the transactional level