Technology

Jump-Starting Tax Automation, With Practical Tips to Sustain Momentum
Tax needs automation now more than ever—and fast

Tax functions have pursued automation and efficiency for a long time. Enterprise financial and management reporting systems are not designed to produce tax outputs such as tax provisions, tax returns, and other key tax deliverables, but instead provide the source financial data required to prepare the tax calculations—and that is… Read more »

Planning for People Within Your Technology Road Map
What path are you taking?

A road map lays out the path to get from where you are today to where you want to be in the future. In technology settings, the term is often used to conceptualize the work that needs to be completed for a technology solution to be ready for use. However,… Read more »

The Global Tax Information Age
International exchange of info growing—but still room for development

For years, governments around the world have called for changes to tax administration to prevent abusive tax avoidance and tax evasion. The need for change has been driven in part by the increasingly globalized economy, where cross-border activities and transactions are the norm rather than the exception. The Organisation for… Read more »

Procurement and Tax—Time to Integrate
Why implementing a third-party tax engine is the best approach

One of the most important functions at which companies must excel is selling goods and services with as little transactional friction as possible—particularly in today’s world of digital commerce. Companies invest significant effort in the sales environment, but an equally necessary value-add for tax is the ability to purchase goods… Read more »

Clearing Skies: Demystifying the Transition to the Cloud for Tax
Make sure you really do have your head in the cloud

In recent years, cloud(s) have been gathering on the horizon for many organizations, both global, multinational organizations and smaller, agile organizations. These clouds represent sweeping changes for most organizations that may bring major disruptions and may require corporate tax executives to make career decisions. This article provides tax executives and… Read more »

Teaching Tax Professionals to ‘Speak IT’
Practical steps for upgrading tax technology

Tax professionals are largely aware of the technologies available to supplement their departments’ operations—technologies designed to directly support tax functions, such as tax engines, return preparation programs, and certificate management applications as well as general-purpose technologies that can be leveraged for tax, like data enrichment platforms, robotic process automation (RPA),… Read more »

Funding Is All About Storytelling
Stories can trigger passion, inspiration, and loyalty—and compelling ones inspire emotional investment

One of our favorite clients, Gary, once told us a story as we began talking about a possible tax transformation project for the public company he had recently joined as its new vice president of tax. Earlier in Gary’s career, he was the compliance tax manager for a large privately… Read more »

Innovation for VAT
Tax technology is changing how VAT applies to new and more complex business models, how tax authorities administer these taxes, and how businesses comply

The saying “There’s a way to do it better . . . find it!” is attributed to inventor Thomas Edison, but it encapsulates perfectly the current global indirect tax management landscape. In the last decade, innovations in tax technology have significantly changed not only how value-added tax (VAT), also known… Read more »

Data Transformation—Where to Begin?
What once took tax professionals months now takes moments—but challenges remain

With the advent of digitization tools comes the potential to transform and index massive data sources without the current dependency on IT and coding. We are approaching as significant a cultural shift in the tax profession as Facebook and the iPhone were in our day-to-day lives. What comes is a… Read more »

Tax Leaders Face a Generational Reckoning
Success calls for new tax technology talent and tools

The Who’s 1965 anthem furiously announced the arrival of a new generation whose values differed markedly from those of its predecessors. If current tax function leaders tune in to the thirty- and forty-somethings in their ranks, they’ll hear about similarly dramatic changes regarding the technology tools the function will soon… Read more »