The power of Tax Data Analytics
Top 10 things you need to know about Tax Data Analytics
Deloitte Tax is leading the transformation: Data analytics is a means of supplying decision makers with relevant data so that they can make more informed decisions. Change your mindset from “what I need to do” to “what I need to know” and explore how Deloitte Tax can pave the way to the transformation of your tax department with analytics.
Did you know?
- Only 14% of tax departments are focused on analytics and using core data to drive effectiveness and strategy.
- Only 13% of tax departments say they are very active in using compliance data generated to perform analytics and drive value to the organization.
- 29% of tax departments find the biggest challenge in executing an analytics strategy is integration with IT department and technology tools, another 29% say lack of talent and required skillset, and another 29% say budget constraints/unclear ROI.