As reporting requirements evolve, reliable data and coordinated governance are no longer simply about avoiding risk. Instead, they can shape your company’s future success. Deloitte Tax & Legal Associate Director, Chloe Moxham, and Director, Annika Steketee, explain more.
Highlights
Rather than being seen as a sunk cost, compliance is an engine that can drive growth because of the data and insight it provides,” says tax specialist Chloe Moxham.
When she joined Deloitte a decade ago, companies thought of compliance as a year-end obligation: necessary, but backward-looking. Today, she sees an entirely different conversation emerging.
“The compliance process has so much data that by embedding it into your culture, you can really accelerate growth,” she adds.
Digital platforms that offer real-time oversight, with tailored views for different teams, reduce reliance on manual reporting and fragmented spreadsheets. And when you truly know your numbers, it’s a source of value that builds trust with regulators, investors and your business partners.
Deloitte’s tax specialist Annika Steketee adds: “It can make conversations with stakeholders, for example around M&A transactions, much easier as you can use the data to predict how your company will look in the future.“The public wants to see that big companies are paying their tax and are not using the rules to get around paying it, so it can strengthen reputations too,” Chloe continues.
All this means compliance cannot simply sit on the sidelines. It’s no longer just about preventing risk; it’s become a powerful tool.
"If you're still thinking of compliance as a means of preventing risk, you're not necessarily getting everything out of it that you could."
Chloe Moxham, Associate Director,
Tax and Legal, Deloitte UK
How compliance empowers the business
The impact of compliance extends far beyond meeting regulatory requirements, as its influence can be felt across every area of business. By using compliance as a strategic asset, organisations unlock opportunities for growth, efficiency and stronger stakeholder relationships. The following examples show how integrated compliance practices can empower different functions within a company:
In one engagement, Deloitte managed globally coordinated compliance for a multinational organisation operating in around 30 geographies.
“Processes differed from country to country,” explains Chloe. “Everything was managed in silos and the new Head of Tax didn’t have a consolidated view of what was happening in any of the countries because nothing was centralised.”
Chloe was part of the team that brought processes together, giving the Group tax function oversight before returns were filed.
Over the following two years, that visibility translated into measurable change. “It’s allowed our client to save costs across different regions as the number of tax audits has been reduced, as has the time spent on those audits,” she says.
It’s also helped build relationships among global teams that once worked in isolation.
Moving from reactive compliance to proactive advantage requires deliberate planning. So how can you make it a cross-organisational accelerator?
Annika notes that if data is well-organised and structured, and you have an effective technology-driven operating model, this gives you insights into your global organisation rather than just specific markets.
And that shift alone changes how both risk and opportunity are assessed.
But the sequence matters. First, you get your house in order, then you build something new, she advises.
“You have to work towards a good starting point with your data and processes. Then, you can think about introducing new technology to support your transformation journey and how to best use it,” Annika says.
“The extent of the tools available today seems endless and it's incredible to see what potential this unlocks.”
For example, Intela, Deloitte’s own collaboration solution, brings everything together globally, giving organisations a clear view of their compliance activity across every country they operate in.
But equally important is culture. “Compliance cannot sit on its own,” adds Chloe. “It should be viewed as a shared responsibility across tax, finance and operations.
“If the CFO, CEO and Head of Tax see compliance as a value driver, rather than just preventing risk, that filters down,” she explains.
Clear ownership and measurable results reinforce this shift. Faster audit cycles, fewer amendments, improved forecasting accuracy and smoother market entry provide tangible evidence that tax compliance contributes to business performance.
"What’s really exciting is there's so much value to unlock in a company’s data points that we never thought about 20 years ago when working in Tax Compliance was merely doing the backward-looking ‘number crunching’."
Annika Steketee, Director,
Tax & Legal, Deloitte Germany
In a landscape shaped by increasing transparency and rapid technological change, robust compliance isn’t just protection; it’s become a competitive advantage.
Strong foundations provide resilience, build trust and allow leaders to focus on the future. And for those considering when to centralise compliance and start their digital journey, delay carries its own risk.
“There has never been a better time to start your transformation,” Annika says. “Pillar Two and other global transparency initiatives have accelerated close collaboration between Tax, Finance, IT and Operations.”
One thing’s clear: as organisations navigate expansion, transformation and scrutiny, those with structured and future-proof tax operations will move with greater clarity and control. Tomorrow’s leaders will treat compliance not as a constraint, but as a core driver of transformation and growth.