The requirement of this US multinational company with a global turnover of almost $4 billion, was to adopt technology that would create a seamless filing process for its captive centre in India that supports all the indirect tax returns filing across the globe.
But their goal was also to achieve reduced costs and improved efficiencies, a greater control over data sharing and security, and a reduced dependency on external consultants.
Find out how Thomson Reuters helped the MNC?
They made $127K annual recurring saving
Reduced fees on external consultants from an average of $750 to $200 per return and their hours by half
Slashed hours of the MNC’s internal resources per tax return by 60% and FTE hours by two thirds
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