It’s Monday morning. Your company is launching an aggressive number of new SKUs next week and the ERP cutover is in 10 days. Your indirect tax team is staring at a large spreadsheet of product descriptions that need tax codes assigned before go-live.

You know the drill: reading product descriptions line by line, researching commodity codes, cross-referencing state taxability rules, and hoping your classifications are consistent across reviewers. Your senior tax manager is tied up on the project, your newest team member is nervous about getting codes wrong, and the business is asking why tax is always the bottleneck.

This is the reality of manual product classification for indirect tax teams at multinational companies. Hours add up and hopefully no errors creep in, because when classification is wrong, thousands of invoices could be impacted.

To dig deeper, visit the original article on the Thomson Reuters blog.