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RPA for Tax

Confidence to automate

Robotic Process Automation (RPA) is the use of software to automate high-volume, repetitive tasks. In Tax, RPA refers to software used to create automations, or robots (bots), which are configured to execute repetitive processes, such as submitting filings to tax authority web portals.

Bots are scalable to relieve resource constraints and save both time and money. As little as a ninth of the cost of an on-shore resource, and a third of the cost of an off-shore resource, robots can undertake a much higher volume of tasks than any human, operate 24/7 (never stopping for a coffee break or taking a sick day), and in side-by-side comparisons, have exhibited greater accuracy.

Automation can therefore free up a business’s tax team to focus on the higher value work, such as research, or planning and analysis.

When is RPA for Tax applicable?

RPA is most suited to processes which:

  • Are transactional and repetitive in nature
  • Are high in volume and time consuming
  • Have low error rates or variations within the process
  • Are well-documented
  • Have decision-making processes that can be codified by rules
  • Use structured electronic data 

How Deloitte can help:

Deloitte's RPA for Tax specialists assist companies in automating their tax processes, including:

  • Data extraction/gathering
  • Running reports
  • Calculating adjustments
  • Workflow management
  • Populating work papers and uploading into software
  • Transaction taxes
  • Transfer Pricing/International
  • Income tax compliance
  • Tax accounting
  • Data management

Businesses must embrace innovation to find more efficient ways to meet the meet the ever-expanding needs of today, tackle tomorrow's challenges, and add value to the overall business success. RPA for Tax saves time and money, increases accuracy, and frees up businesses’ tax teams to focus on high-value work, such as research, or planning and analysis.