Redington is a distributor of technology products and services across Asia, the Middle East, and Africa. With operations in 40 countries and employing around 4,000 individuals, Redington is faced with the massive task of managing complex VAT landscapes in each market, necessitating an advanced compliance system that can handle diverse and evolving tax regulations efficiently.
As Redington pursued its mission across diverse markets, several critical VAT compliance challenges directly impacted their operations from Manual processes limitations, Audit and reporting challenges to IT dependency for tax configurations.
Redington chose Thomson Reuters ONESOURCE for its comprehensive capabilities to manage complex, multi-regional VAT requirements. The results: 30% savings in overall compliance costs and minimizing the error rate to under 1%.
With the successful implementation of ONESOURCE, Redington became well-positioned to handle future digital tax mandates, such as e-invoicing and real-time reporting, positioning Redington to meet upcoming regulatory changes without additional system adjustments. This readiness ensures Redington remains at the forefront of compliance, avoiding potential disruptions in its operations.
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