<s>
Sales	B-Application
Tax	I-Application
Management	I-Application
Service	I-Application
(	O
STMS	B-Application
)	O
is	O
a	O
type	O
of	O
accounting	B-Application
software	I-Application
that	O
helps	O
companies	O
comply	O
with	O
United	O
States	O
sales	O
tax	O
requirements	O
.	O
</s>
<s>
STMS	B-Application
systems	O
automatically	O
calculate	O
taxes	O
for	O
individual	O
sales	O
transactions	O
and	O
are	O
delivered	O
on-demand	O
as	O
a	O
web-based	O
“	O
software	B-Architecture
as	I-Architecture
a	I-Architecture
service	I-Architecture
”	O
(	O
SaaS	B-Architecture
)	O
.	O
</s>
<s>
They	O
are	O
designed	O
to	O
be	O
compatible	O
with	O
a	O
business	O
's	O
accounting	B-Application
software	I-Application
.	O
</s>
<s>
STMS	B-Application
platforms	O
first	O
validate	O
an	O
address	O
,	O
ensuring	O
that	O
calculated	O
sales	O
tax	O
rates	O
produce	O
invoices	O
with	O
current	O
tax	O
rates	O
for	O
the	O
correct	O
jurisdiction	O
.	O
</s>
<s>
STMS	B-Application
is	O
a	O
newer	O
alternative	O
to	O
established	O
client	O
server-based	O
compliance	O
models	O
,	O
in	O
which	O
companies	O
load	O
and	O
maintain	O
software	O
in	O
their	O
datacenter	O
.	O
</s>
<s>
This	O
requires	O
in-house	O
IT	B-General_Concept
support	O
,	O
as	O
well	O
as	O
imposing	O
a	O
continuing	O
cost	O
to	O
keep	O
the	O
information	O
updated	O
.	O
</s>
<s>
By	O
contrast	O
,	O
STMS	B-Application
platforms	O
operate	O
in	O
real	O
time	O
,	O
accessing	O
rate	O
and	O
regulation	O
data	O
from	O
all	O
taxing	O
jurisdictions	O
in	O
the	O
United	O
States	O
(	O
more	O
than	O
12,500	O
)	O
and	O
automatically	O
calculating	O
taxes	O
as	O
part	O
of	O
a	O
financial	O
transaction	O
.	O
</s>
<s>
STMS	B-Application
is	O
claimed	O
to	O
automate	O
all	O
the	O
core	O
elements	O
related	O
to	O
sales	O
tax	O
compliance	O
:	O
rate	O
determination	O
,	O
collection	O
,	O
reporting	O
,	O
filing	O
and	O
remittance	O
.	O
</s>
<s>
STMS	B-Application
systems	O
were	O
originally	O
designed	O
for	O
smaller	O
businesses	O
,	O
offering	O
an	O
alternative	O
to	O
the	O
software-based	O
systems	O
used	O
by	O
many	O
Fortune	O
1000	O
businesses	O
with	O
a	O
broad	O
geographic	O
range	O
of	O
tax	O
reporting	O
requirements	O
and	O
adequate	O
in-house	O
IT	B-General_Concept
support	O
.	O
</s>
<s>
STMS	B-Application
is	O
claimed	O
to	O
provide	O
a	O
cost-effective	O
alternative	O
.	O
</s>
<s>
SST	O
has	O
certified	O
certain	O
providers	O
of	O
STMS	B-Application
systems	O
to	O
help	O
implement	O
and	O
manage	O
its	O
centralized	O
collection	O
and	O
remittance	O
system	O
.	O
</s>
<s>
The	O
group	O
considers	O
that	O
this	O
measure	O
would	O
enhance	O
the	O
value	O
of	O
the	O
STMS	B-Application
model	O
.	O
</s>
