Tax Technology Consulting and Support

With tax reporting now driven by transactional data, many traditional manual tax processes may not meet the data needs of modern tax departments. This is where the implementation of technology and automation tools will be key in adding value to the business. And with the right information, leaders can draft a road map to guide their digital journey.

In this third report of the Tax Transformation Trends survey series, we tapped into the perspectives of 300+ tax and finance leaders globally to examine how technology has ushered in an entirely new age of transparency for the tax function. 

In this second report of the Tax Transformation Trends survey series, we tapped into the perspectives of 300+ tax and finance leaders with a focus on talent transformation. As companies look past the pandemic, they are asking their tax functions to play a bigger advisory role—with less resources and more responsibilities

New Deloitte research reveals that tax leaders are under increasing pressure to add strategic value as companies accelerate business model transformation. The Tax operations in focus study highlights the first of a three-part tax leader series. Each study will review and reflect the leadership insights of global tax and finance executives at global companies as they share their strategic perspectives on tax operations, talent, and technology.

Business model evolution is accelerating more quickly than ever. Companies are adapting to the digital era, investing in green initiatives, and mapping growth plans for recovery. They cannot doall of this without the forecasting and scenario modeling capabilities of their tax team. This creates a new business imperative for the C-suite to partner with the tax function. By no longer being consumed by routine compliance and reporting activities, the tax team is empowered to deliver increased agility and value.

-Digital transformation is here, and it’s impacting tax and legal departments. Today, people are working with machines to harness data, automate execution of rote tasks, comply in real time, and free themselves up to add greater value within their companies. That not only transforms how work gets done, it also transforms the talent needed to do it.