Using an eBiz Answers Oracle R12 of Fusion Tax Solution could save you $600,000 a year
eBiz Answers prides itself on improving efficiency and trying to eliminate the risk of non-compliance.
Recent studies have shown that we can save on average 1 to 5 days a month on indirect tax procedures from invoice entry, tax processing and tax reporting.
For a project of 40 countries globally with an average employee cost of $250 a day, the following are the estimated savings per month!
0.5 days saving per month for 40 countries
@$250 per person per day = $60,000 a year
1 days savings per month for 40 countries
@$250 per person per day = $120,000 a year
5 days savings per month for 40 countries
@$250 per person per day = $600,000 a year!
Even for a 5 country roll out with 2.5 days savings per month the yearly savings would be almost $40,000
The real saving however is the fact that you will no longer get any fines because you will have such a solid tax solution that the tax group can monitor and track every transaction going through, identifying the tax issues immediately as they appear.