Unlock data insights to add more value to the business
Unlocking actionable insight from enterprise data can be a challenging problem especially at large volumes and in complex business landscapes. Typically tax functions spend more than 50% of their time gathering tax data, while spending less than 30% of their time on strategic tax analysis (according to "Tax technology: Creating a strategic asset", a 2013 joint PwC-Manufacturers Alliance for Productivity and Innovation survey).
How the tax function addresses its need for quality and timely data will ultimately shape its processes and resource requirements, as well as impact its ability to contribute more strategically to the overall business. The tax function must be actively involved in the budgeting of data management and analytic projects similar to those of other functions within the enterprise. It must also participate proactively in enterprise initiatives and cannot be passive in articulating the data issues it faces.
We can help you unlock data insights in your business.
Tax Function of the Future: Unlocking the power of data and analytics
We discuss our predictions around how streamlining the data collection and management process enables the tax function to shift its focus from gathering data to analysis and strategic participation within the organisation.
