Accelerate the impact of technology in delivering my tax needs

Technology is driving and enabling change throughout business. Whether through the improvement of data quality or the automation of processes, technology is at the forefront of transforming the Tax function into an efficient business enabler. As a tax function it is therefore important to ensure that you are not left behind.

When combined with a review of people and processes, some of the main areas where technology can be used by tax are:

• improving controls and the management of tax risk
• improving the quality and management of data
• reducing manual effort, and
• delivering improved insights.

The modern tax function will have a defined technology strategy which will be aligned, as much as possible, with related parts of the business. You will need to think about:

• Understanding the IT strategy of the business, specifically that of the wider finance function.
• Understanding the existing tools used in finance.
• The current tax specific technology offerings available externally.

The tax function can then integrate technology into their overall tax strategy with a clear roadmap for delivery either by implementing new technology or leveraging existing technology.

We can support you on this journey to ensure that you’re not left behind.

Tax Technology Ecosystem

Speak to us about how the tax technology ecosystem could work in your organisation.