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Indirect Tax Management Market Trends, Share, Industry Size, Growth 2019 to 2025
Indirect Tax Management Market
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The proper application of the indirect tax management solution simplifies the growing complexity of the indirect tax-related transactions. Furthermore, the volume of data is growing due to the increasing transaction related to the indirect tax are generating the demand for highly efficient indirect tax management solutions to manage and maintain such a huge amount of data in an efficient manner. This solution meets the changing requirements of businesses by ensuring compliance with the rules and regulations by meeting up the most up-to-date tax content. This solution enables different verticals to gain insights & devise smart tax strategies. The automation of tax management intends to meet the overall objectives of the corporate.
To enhance their reach and access in the decentralized environment, the BFSI sector has to manage a wide variety of customers in several regions under different rules and regulations. As a result, a document management system for the BFSI industry is much more complex and critical. Additionally, this sector makes use of large clouds to save their information, therefore these organizations are actively adopting taxation solutions to perform KYC and risk management, record management & OCR, business process management, and security & confidentiality. In energy & utilities these software solutions are used to calculate the property tax and so on.
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Global Indirect Tax Management Market- Segmentation
By Type
• Cloud-Based
• On-Premises
By Vertical
• Banking Financial Services and Insurance (BFSI)
• Information Technology (IT) and Telecom
• Energy & Utilities
• Healthcare & Lifescience
• Government
• Retail and Consumer Goods
• Others
Global Indirect Tax Management Market– Segment by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• Acumatica, Inc.
• Avalara, Inc.
• Blucora, Inc.
• CrowdReason, LLC
• Drake Enterprises, Inc.
• H&R Block, Inc.
• Intuit, Inc.
• Oracle Corp.
• Paychex, Inc.
• Rethink Solutions, Inc.
• Sage Intacct Inc.
• SAP SE
• SAXTAX Software
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