Mountains of data paired with vast processing power. Human understanding with machine execution. Absolute accuracy with limitless scale. As tax departments adopt cloud and automate tasks, they’re not only evolving the way tax is managed, they’re revolutionizing how they provide value beyond their compliance roles. By staying ahead of the curve with technology-enabled solutions—tax professionals are now armed with the power to add greater value to their organizations in the moment and into the future.
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Get insights on new technologies along with practical guidance to help tax and finance leaders begin their transformation journey.
In a world of globalization, digitization, and social transformation that are redefining operational efficiencies, tax as a function can no longer watch from the sidelines. Gone are the days when tax leaders could focus on retrospective tax calculations and rough projections. Many organizations are beginning to understand the need of the hour―to be tech-savvy, environment-aware, data-driven, and predictive.
This article will help you to understand some of the pressures that are creating the platform for change within the tax function. Drawing on Deloitte professionals’ experiences working with tax authorities and tax leaders around the world—this article will help shine the spotlight on some new technologies while offering some practical steps to help tax and finance leaders envision their road map to the tax function of tomorrow. It also underlines the importance of building collaboration between humans and machines to achieve a greater impact.
Read more to understand how the future-ready tax department of today offers tax leaders the opportunity to create a significant advantage by turning tax into a source of agility, strategic insight, and even innovation.
See how automation technologies help bring everyday tasks under control and position your tax department for the future.
Robotic Process Automation (RPA) is the next step in automating manual tasks in your tax department. RPA is likely already used in other areas of your organization―learn more how it can make a difference and streamline your tax department operations.
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