No matter where a business operates (or wishes to do business in the future), companies need to handle and analyze upwards of millions of transactions on a monthly basis. Indirect taxation has already significantly influenced tax policy in places like Latin America, where real-time reporting is becoming the norm. “Previously in indirect tax, the way that the government could enforce the law was always through reporting, but it was an unsophisticated instrument for governments to enforce the law,” says Christiaan Van Der Valk, vice president for strategy at Sovos. “Now, continuous transaction controls have become very popular since it’s about sending data in real time to the government.