The tech advantage: Building resilience amid tax policy shifts
For tax teams to confidently navigate policy shifts in 2025, a robust tax tech strategy is vital. Focus on these three areas for strategic advantage.
The Importance of Enterprise Resource Planning
As organizations seek to drive profitability by responding to market challenges more quickly, they are increasingly looking to upgrade their outdated or overly complex ERP systems. An ERP implementation requires significant support, from strategy through execution, to address the related financial, operational, technical, and compliance challenges involved. However, it also offers an opportunity to dramatically improve tax data quality and operational efficiency.
Increasingly, organizations are realizing the importance of properly scoping and budgeting for tax during the initial phases of an ERP implementation. ERP design decisions have direct tax, indirect tax (e.g., sales/use, Value Added Tax, Goods and Services Tax), and international tax implications that are not immediately apparent or understood by non-tax resources. Involving tax as early in the implementation process as possible saves companies’ time and money, while providing an opportunity for tax departments to enhance their tax technology ecosystem and focus on value-add tasks, such as tax planning.
Building a collaborative tax experience that embraces technology and streamlines processes
Our ERP tax integration team can assist you in leveraging enterprise technologies to drive business value. Our team helps align the enterprise system with tax requirements for improved availability and access to tax sensitized data that can be effectively integrated into tax technology tools.
We view ERP projects as large-scale business transformations, not just a system implementations or upgrades. As such, we bring a broader perspective and set of capabilities focused on driving coordination and alignment across your entire organization — tax is no exception.
We can work with you to:
- develop an end-to-end business process supported by tax technology to reduce the close period through integration across all project work streams
- create tax requirements and provide design support throughout the ERP implementation lifecycle, including transactional and master data sensitization
- evaluate the potential impact that converting from legacy systems will have on tax accounting methods
- tax sensitize the general ledger design to meeting transactional tax processing and compliance reporting requirements
- evaluate the fixed asset master data design to support property tax, income tax, and tax planning requirements
- incorporate transfer pricing considerations into ERP system design, focused on intercompany transaction processing
- evaluate ERP implementation capital expenditures/operating expenses (CAPEX/OPEX) impacts that could lead to cost deductions
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