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Tax Technology on the Edge: Strategies to Improve Accuracy, Performance and Scale for Retailers
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The taxation landscape has never been more complex. Each jurisdiction has its own rules, which change constantly. Vertex reported that in the first six months of 2021, 127 new district taxes and 23 new city taxes went into effect in the US, followed by 54 city rate changes in July 2021. For companies doing business internationally, complexity is increased by orders of magnitude.
Containerizing tax calculation in an edge-computing architecture enables organizations to accommodate these changes and deploy them to any device in the field rapidly, securely, and reliably. They can assure customers that tax applied to the sale is current and accurate while providing reporting that customers can take to the bank. Tax calculation is part of the overall experience that keeps customers coming back.
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