Tax Technology
Increasingly, tax functions understand the value of leveraging technology to drive greater efficiency, improve tax processes and manage risk.
Whilst companies largely understand the importance of creating strategies around tax technology and pursuing related initiatives, most have yet to make appropriate investments in these areas. These investments play an integral role in transforming tax into a strategic business partner within the organisation. As such, tax leadership should engage with company leadership and commit to the next steps in the evolution of its tax function.
Technology is becoming increasingly important to the tax function as they:
- Are asked to do more with less
- Centralise activities
- Require more and better data, more frequently and on a real time basis
- Need to drive value from tax data
- Are required to maximise the return on investment in finance function transformation
- Comply with exponentially increasing reporting requirements
- Manage the introduction of co-operative compliance models and risk based approaches by tax authorities
The above are critical to tax transformation and all of this requires greater automation.
We can work with you to:
- Develop and implement your tax technology strategy. It’s crucial to assess where you are and where you want to be to work out how to get there – the answer will be different for everyone
- Discover the power of tax data management and analytics to assist in the decision-making process in areas such as detection of risk, opportunity identification, projections and scenario planning, and overall business support
- Understand the benefits of using technology to collaborate, automate and monitor tax processes and workflow using Tax Operations Manager (TOM)
- Unlock the potential of your existing ERP systems for tax
- Improve your tax accounting processes
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