With over 150 years of trusted content knowledge and expertise in global trade, compliance, and regulatory requirements, Thomson Reuters understands that maintaining an impeccable corporate governance record in today’s complex environment is extremely challenging, and mistakes can be very costly.
The rapid increase in accessible data across disparate and unconnected systems makes keeping track of information and regulatory details even harder for under-resourced tax teams. Many organizations still depend on manual processes, which often lead to inevitable gaps and compliance failures. Tax errors, audits, fines, and penalties can all result in revenue loss but, more importantly, could damage your business’s reputation and erode customer confidence.
To dig deeper, visit the original article on the Thomson Reuters blog.