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An orchestrated future for tax and finance

Drive enterprise value by improving tax-finance integration


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Drive enterprise value by improving tax-finance integration
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For many organizations, the discord between tax and finance is a major barrier to managing liquidity and meeting performance expectations.

At centre stage is the CFO who is tasked with directing how tax and finance work within the organization and with each other, as an operational and strategic unit focused on achieving the right balance between cost rationalization and cash flow optimization.

This is a critical and challenging task because virtually, every business decision made by an organization has a tax impact and the potential for tax optimization.

Achieve full integration

Despite the clear importance of managing corporate taxes and tax-related operational decisions, the tax function is often seen as merely a subset of the finance function. Our experience, however, suggests that it should be viewed as a distinct function with a specific service offering. Beyond elevating its stature, tax should be more closely integrated with finance, and both need to be integrated with the broader enterprise to maximize their mutual value.

By undertaking two key initiatives, organizations can achieve full integration between the tax and finance functions.

  • Create a more robust, unified enterprise infrastructure.
  • Redefine the position of tax and finance in the organization.

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Relevant industries

Consumer Business
Education
Energy & Resources
Financial Services
Public Sector
Life Sciences
Manufacturing
Not-for-profit organizations
Real Estate
Technology, media & Telecommunications

Relevant services

Consulting
Tax