Sarus: Setting the Indirect Tax Automation Status-quo
Date: Thursday , October 13, 2016
Indirect Tax automation projects take too long to implement, and they cost a fortune. The time and money some companies devote on these initiatives, lead to pressing time-crunches and pressure points for their business. \"We want to take out this mystery out of tax automation, simplify it, economize it, and expedite it, and we have been successful to a large extent,\" comments Amit Saxena, President and CEO, Sarus. With a broad portfolio of business and technology solutions to help clients improve their business performance, the Atlanta-based firm is indeed questioning and penetrating the pre-existing Indirect Tax automation mindset and molds by crafting new rules, and setting new precedents. \"We are beginning to beat the 400 pound gorillas in this space,\" adds Saxena.
Often, transaction taxes are a major cost and compliance issue for companies of all sizes across all industries. The failure to manage flow of taxes throughout the business can lead to errors, which will squeeze cash flow, lead to under or overpayments and increase risk of penalties for non-compliance. To tackle this, Sarus works closely with the clients\' finance and IT team and seamlessly integrate the clients\' ERP with their choice of tax engines. Over the many years that Sarus has been developing their own proprietary methodologies and best practices, they have evolved, customized, and changed their Transaction Tax Automation, and Tax Support services. \"The razor sharp focus on tax technology has helped us eliminate flab, inefficiencies, and redundancy within Indirect Tax automation,\" says Saxena. \"We offer consultation to all our clients, make an efficient approach towards their business goals, and help in getting a competitive advantage over others,\" mentions Saxena. By delivering Indirect Tax automation solutions in a more comprehensive, better, and faster way, Saxena says, \"What our competitors may need 12 months to deliver, we would need seven to eight, what our competitors may need 10 resources to deliver, we would require seven to eight.\"
Sarus has made a conscious decision to stay focused on Tax automation, end to end. \"It gets tempting at times to move out of our core competency and grow bigger and faster, we have MSAs with some of the most sought after clients, the thought comes to leverage these MSAs and expand our offerings, and it takes some discipline and control to reign in that temptation,\" mentions Saxena. Relying on their core competency along with the support of a strong, vast experienced team translates into a unique value proposition for their clients that Saxena believes is not just monetary. \"What we offer goes beyond value proposition in the traditional monetary sense,\" adds Saxena.
While offering a unique, visible, discernible, and quantifiable value proposition to their clients in the Indirect Tax automation space, Saxena likes to describe his company as a \"people focused and people driven one.\" \"We empower our employees give them the freedom and decision making power to a point where a job no longer remains a job, the pressure and the stress literally vanishes,\" he adds. Moving forward, the firm aims to double their client count, head count and revenue in the next two years. \"Right now we have presence in US, India and Mexico, and in the next two years, we may also establish presence in EU,\" concludes Saxena