Modernization of the procurement process generates significant value for an organization. Driving tax automation and optimization as part of procurement transformation streamlines often disconnected processes and creates cross-functional efficiencies resulting in both operational costs savings and a significant return on investment.
The economic and operation pressures that have resulted from the COVID-19 pandemic are driving businesses and governments to operate faster and more efficiently. Procurement digital transformation is front and center in this new normal. Ivalua’s business spend management system supports the entire spectrum of the source-to-pay process—from supplier onboarding and engagement to sourcing, inventory, and payments. It is designed to give organizations real-time visibility and artificial-intelligence-powered insights into the ways spend happens in the organization— procurement, expenses, and accounts payable. Integrated master data management capabilities unify data across back-end systems.
KPMG can help you realize the value of your investment in Ivalua by streamlining and automating the processes around indirect tax and coordinating these enhancements with the Ivalua solution. The KPMG team has the experience and know-how to develop an effective framework around the accounts payable (AP) process, automate tax decisions, and create a streamlined reporting process, each of which helps you reduce costs and increase cash flow.
The KPMG Indirect Tax Technology practice utilizes a wide range of tools to enhance the indirect tax function. These tools and services will help you get the most of your Ivalua deployment and help ensure that the indirect tax function can contribute to the efficiencies created by the Ivalua platform.