Automates Sales and Use Tax Jurisdiction Assignment for Large State Comptroller
The Challenge
As the chief financial officer for this large, highly-populated state, the Comptroller collects taxes and fees and recommends ways of streamlining state government processes to increase efficiency. This streamlining effort was particularly challenging in the area of sales and use tax jurisdiction assignment, where the Comptroller’s office processes more than 200 changes to sales and use tax boundaries on an annual basis.
The Story
Group 1 Software implemented its GeoTAX Enterprise Tax Management solution. The Enterprise Tax Management solution is based on our field-proven GeoTAX software technology which is currently used by many businesses, including major telecommunication companies, to assign sales tax jurisdiction for hundreds of millions of bills per month. Utilizing a modular design, the GeoTAX Enterprise Tax Management solution now provides the same standard of excellence for payroll, business personal property, and insurance premium taxes.
The Benefits
Significant Cost Reduction
The implementation of the GeoTAX solution is expected to save the state more than $4 million over three years through the elimination of manual processes, assignment errors, and audits.
Accurate Tax Assignments
The GeoTAX solution ensures that citizens and businesses receive accurate, timely, and consistent tax assignments.
Automate Processes
GeoTAX represents a major step forward in efficiency for the Comptroller’s office. This efficiency consists of replacing manual processes, based on map-based research and the utilization of other hard copy information, with an extremely accurate automated solution.