Case Study: a Fortune 500 manufacturer reduces tax audit exposure with CereTax P2P

Fortune 500 manufacturer selected CereTax™ to replace legacy tax platform

A Fortune 500 tire manufacturer was using a legacy tax platform, which created significant challenges for its sales and use tax determinations. The customer was concerned about the accuracy of the system, its outdated and non-compliant technology, and a lack of control over tax rules. Specifically, the platform's custom tax codes were not being updated automatically, exposing the company to considerable audit risk.

The manufacturer selected CereTax and its Procure-to-Pay (P2P) solution to address these issues. CereTax streamlined the rule configuration from over 1,500 rules to under 200 and replaced outdated custom codes with its proprietary, automatically updated content. This implementation resulted in a 95% reduction in audit exposure, the elimination of $1.5 million in vendor overpayments in one year, and an 80% reduction in use tax compliance costs.