Operate with dynamic control
In tax and finance departments
Business models are evolving more quickly than ever. Companies are adapting to the digital era, investing in green initiatives, and mapping growth plans for recovery from the pandemic. Growing complexity in tax regulations, the relentless wave of technology change, and a shortage of tax talent are colliding to create greater potential risk and cost exposures for your organization. Deloitte can help you transform your tax operating model to address these challenges and position your tax function - and your business - for the future.
Deloitte’s biannual Tax Transformation Trends report has been published for over ten years. The 2023 report shows that tax and regulatory changes like the OECD Pillar Two and ESG measures are prompting companies to address long-standing data challenges, and many are leveraging outsourcing relationships to access the technology needed to move to an insight-driven tax compliance approach.
Embracing a more-with-less mindset
Take the first step toward increasing your team’s agility and seeing your tax function as dynamic, fluid, and influential.
Cloud
Cloud-based systems help tax departments consume, process, and leverage more data and create more strategic value for less cost.
Automation
Automation creates more operational agility, accomplishing more tasks with different resources and freeing people to do more strategic work.
Resourcing
Blended resourcing models give tax leaders more flexibility to build or buy capacity and expertise, and to access new technologies—sparking transformative change.
Dynamic. Fluid. Influential.
Yes, we are talking about your tax department.
A more-with-less mindset helps you see talent, tech and process resources as levers for adding agility into everything you do.
People
More skills, more capacity, less stress
How can you augment your own resources to tap diverse, hard-to-find skill sets and expertise as well as increase capacity without the need to recruit?
Process
More consistency, more agility, less effort
How can you create standard processes and use cloud-based platforms to create agility and open more options for how and where work gets done?
Technology
More automation, more insight, less time
How can you access artificial intelligence, machine learning, and cloud applications without the large investments needed to build and maintain them in-house?
Questions to ask yourself
Click to learn more
Thoroughly assess the skill sets of your people, your technology maturity model, the business implications of the work you’re doing, and your in-house governance and compliance processes. By understanding the state of your department and where you need the fastest gains, you can set priorities and map the best plan to meet your business needs.
Given how rapidly data, business models, and regulations change, speed matters. The faster you can modernize, the more benefit you stand to gain. Which means the further you are from using modern platforms, tapping real-time data, and using your tax staff to capitalize on both, the more you should consider a hybrid staffing model, outsourcing specific discreet functional tax processes and activities.
Exploring paths to new tax operating models can lead to more than controlling costs. They can also lead to supporting real-time, accurate, forward-looking insights and processes that turn tax from a necessary cost of business into an invaluable resource that optimizes competitiveness as well as seamless, continuous compliance.
Tax materials resource library
