SALES AND USE TAX INTELLIGENCE BUILT FOR ACCURACY AND EFFICIENCY

TaxARC™  is a cloud-based tax analytics and data warehouse solution that simplifies sales and use tax review, enhances accuracy, and automates manual processes. Developed specifically for tax professionals, it combines data analysis, automation, and AI-driven intelligence to streamline the month-end review process. TaxARC™ enables users to create and leverage dynamic logic for efficient purchasing activity review, automate recurring transactions, and focus on only those that require attention. Machine learning-based suggested taxability assists users with exemptions and taxable recommendations with confidence indicators—helping reduce manual review effort while improving accuracy.

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Why TaxARC™

TaxARC™ sales and use tax analytics and data warehouse software offers flexibility and numerous benefits tailored to meet your unique business needs.

CLOUD-BASED SALES AND USE TAX Data Warehouse

  • Gain efficient access to data from multiple source systems by leveraging the data warehouse and analytics on all imported sales and purchasing data
  • Identify trend analysis and KPIs from historical data through standard and custom dashboards with easy-to-interpret data visualization
  • Rely on simple yet robust audit support with the end-to-end repository
  • Access all transactions and transaction data without reliance on your IT team
  • Enhance data insights and exception accuracy with AI-supported pattern detection

Accrual Analysis

  • Review purchasing data efficiently with our easy-to-navigate user interface
  • Improve efficiency, increase accuracy, and save time with automated tax accrual calculation, review, and adjustment
  • Supplement tax-relevant details from AP invoices with available Optical Character Recognition (OCR) capabilities
  • Save time with auto-process tax determination and review processes
  • Stay agile, flexible, and ahead of unique tax complexities and ad-hoc changes
  • Expand and grow with the capability to allocate to multiple jurisdictions (software purchases, marketing, etc.)
  • Reduce manual review effort and improve accuracy with machine learning–driven taxability suggestions and confidence indicators
  • Validate tax decisions faster with an embedded research assistant that retrieves real-time state guidance directly within the workflow

Enhanced Sales and Use TAX Review Process

  • Improve accuracy and reduce staff review time for month-end accrual analysis
  • Minimize manual intervention and data manipulation by utilizing auto-processing rules
  • Have visibility when a vendor charges tax in error
  • Easily accrue and/or reverse accrue sales tax

Customized Reporting

  • Customize and auto-generate month-end summary and reports
  • Report on historical data for audit support or ad-hoc purposes
  • Analyze and report KPIs and other relevant historical data and trends through customized dashboards
  • Improve exception review speed and consistency with AI-based taxability suggestions

Multiple Location Allocation

  • Simplify tax apportionment by enabling users to allocate a single transaction across multiple jurisdictions
  • Easily apply allocations manually or automate them through rules based on criteria like headcount or usage type
  • Maintain accurate and compliant tax reporting across states
  • Reflect allocations seamlessly in month-end adjustment reports
  • Reduce compliance risk and improve tax accuracy

WITH OR WITHOUT AN ERP: TAXARC™ IS THE SOLUTION

For Companies Without a Tax Engine: Primary SALES AND Use Tax Accrual Determination

For companies without a tax engine—or a tax engine that does not integrate with the purchasing system—TaxARC™ can serve as the primary determinant of sales and use tax, providing a comprehensive solution without the need for hefty IT or financial resources. TaxARC™ can be used without directly touching a company’s ERP or source systems.

For Companies With a Tax Engine: SALES AND Use Tax Accrual Safety Net

In conjunction with an in-use tax engine, TaxARC™ acts as a safety net for reviewing and adjusting purchasing transactions by providing an intuitive, logic-driven interface for auto-processing transactions and evaluating pending scenarios. Tax engines often rely on imperfect data, and most errors are due to a lack of granularity for tax purposes with business data attributes. With TaxARC™, the review of purchasing activity for proper taxability is streamlined, and AI-driven features help to quickly identify incorrect tax engine decisions and accelerate the necessary corrections.

Unlock Sales and Use Tax Efficiency with TaxARC™

Find out why TaxARC™ is more than a software solution—it’s a strategic ally in the complex landscape of transaction tax management.