Case Study: a sports apparel retailer achieves faster sales tax compliance with Grant Thornton LLP

Sports Apparel Retailer cuts monthly compliance time by 60% with Grant Thornton

The customer, a sports apparel retailer, faced significant challenges with fragmented and error-prone sales tax data. This resulted in rejected transactions, inaccurate tax collections, and costly audit assessments. They engaged vendor Grant Thornton LLP for assistance with tax technology and transformation to streamline their compliance process.

Grant Thornton implemented a solution using the DOMO data visualization tool to automate data aggregation and cleanse the retailer's files. This recalculated sales taxes for millions of data lines each month. The result was a 60% decrease in hours spent on monthly compliance and two weeks saved on data aggregation, allowing for full reconciliation of sales tax payments to the general ledger.