Indirect taxes — known variously as sales-and-use, value-added or goods-and-services tax — can get complicated, particularly in countries that have overly complex tax regimes such as Brazil, India and the United States. For example, in the U.S., state and local governments have their own statutes defining which goods are taxed and at what rates, and taxable items and rates change all the time. More recently, compliance has grown more complex with the Supreme Court’s Wayfair decision, which...
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Topics:
Office of Finance,
Business Planning,
Financial Performance Management,
ERP and Continuous Accounting,
Revenue,
profitability management,
digital finance,
Lease & Tax Accounting
Financial consolidation is the process of combining financial data (notably assets, liabilities, income and expenses) from multiple subsidiaries’ general ledgers across an organization for the purpose of creating a parent company report. The current reality for financial consolidation and close processes is that many organizations still rely on manual spreadsheets, which can lead to longer closing periods, errors and confusion. According to SVP & Research Director in the Office of Finance...
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Topics:
Office of Finance,
Business Planning,
Financial Performance Management,
ERP and Continuous Accounting,
Revenue,
profitability management,
digital finance,
Lease & Tax Accounting
The annual Ventana Research Digital Leadership Awards recognize organizations and individuals that utilize technology to advance business and IT. The Digital Leadership Awards showcase the professional leadership and their use of business applications or technology that contribute significantly to improved efficiency, productivity and the performance of their organization. This prestigious award recognizes leaders and pioneers who have contributed to their organization’s success and championed...
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Topics:
Office of Finance,
Business Planning,
Financial Performance Management,
ERP and Continuous Accounting,
profitability management,
digital finance,
Lease & Tax Accounting