Countrywide Financial Selects Taxware for Global Transaction Tax Compliance

Countrywide Financial Corporation, the US’s biggest mortgage lender, has selected Taxware Enterprise and TaxSolver, owned by Taxware, as its global transaction tax calculation and reporting software solution. The implementation, which is scheduled to be completed this spring, will be one of the tax compliance industry’s first global transaction tax systems to integrate with PeopleSoft Enterprise Payables 8.8. Since it purchases taxable goods and services for more than 100 business units across the United States plus the United Kingdom, Japan and India, Countrywide required a transaction tax calculation system that could keep pace with not only the constantly changing sales and use tax laws in the United States, but Value Added Tax (VAT) as well.

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