When it comes to maintaining financial compliance, legacy statutory reporting processes and software is not a viable option. The potential risks include penalties for late filing, inefficiencies, reputational damage, costly audits and downstream impacts for tax teams.

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“Working from home full-time is an entirely different experience, particularly working from home for an extended period of time, which can be fairly stressful,” said Kevin Luo, Assistant General Counsel; GM, Asia-Pacific R&D Group Legal at Microsoft.

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Managing compliance with increasingly complex sanctions and embargo regimes is a demanding task in the current global trade environment.

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