The demands on today’s tax departments continue to increase. Globalisation, regulatory changes, shorter business cycles, increased scrutiny, and heightened customer expectations mean that companies need to become more agile to respond to market changes swiftly. However, organisations cannot make informed business decisions if they are struggling to locate, validate, and manipulate tax data.
Leading companies are starting to think differently about how they leverage data. They’re realising that data integration and tax-sensitising data can make the greatest positive impact on tax. For example, successfully tax sensitising and integrating data from multiple systems, applications, and/or spreadsheets into a common solution for the tax function can help reduce significant time, enabling tax to refocus its efforts on analysis, forecasting, and other high-priority activities.
Our Tax Data Management and Analytics team focuses on integrating finance and tax data into a ‘one-stop shop’ for tax departments. This provides a holistic view of tax-sensitive information, including transactional and pre-computed aggregated data, which allows clients the ability to access the right information at the right time.