Tax functions are being asked to do more with either flat or fewer resources, but practical solutions exist
Having world class people to lead and work within the tax function is critical to the overall effectiveness of the tax function. However on par with the people is technology. The current and increasing sophistication of enabling technologies can make a powerful difference to the ability of a tax function to produce its deliverables within the appropriate timescales and risk parameters.
As we look at our firm's experience and ongoing dialogue with leading global companies, we have identified common achieved benefits which have realised through greater use of technology in tax. These include:Information at your fingertips
With organisations under increased pressure, with regulatory and compliance requirements becoming ever more complex, it is essential that organisational processes become more transparent and effective.
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