Telecommunications service providers and providers of other consumer products and services are required by law to collect certain taxes to be remitted to one or more taxing bodies. With growing budget pressure at all levels of government, taxing bodies are increasingly auditing companies to ensure they are accurately collecting taxes from their subscribers/customers and remitting these taxes on a timely basis. Errors or omissions discovered in these audits have resulted in companies begin assessed significant recurring financial penalties until they can resolve the inaccuracies.

SoftWize can assist companies in reducing their exposure to these kinds of financial risks through use of its Tax Code Assurance software. Utilizing advanced geospatial analysis techniques, SoftWize can identify those subscribers' records that are associated with incorrect tax codes.

The SoftWize Tax Code Assurance solution can be provided as an outsourced service, an Internet Web Service or SoftWize can work with providers to integrate the technology into their existing process.

Click here for a the Tax Code Assurance Fact Sheet (Adobe PDF).