Tax in a digital world: it's crunch time for CFOs
Crunchtime Series: a series on digital transformation in finance
An unprecedented number of regulatory and tax policy changes are underway, both in the US and around the globe. And that presents organisations with significant challenges—and opportunities—for tapping Tax earlier and more often when key business decisions must be made.
This Crunch Time guide reveals the impact of new data modeling tools and other resources that make it possible to deliver valuable tax insights and implications—in real time. That means business leaders get the benefits of that information much earlier in the process, when it can be the most impactful.
Crunch time 9: Tax in a digital world
Organisations plow millions into upgrading their ERP systems. But when it comes to Tax, not a lot changes. Many tax departments have all but missed out on technology modernisation—leaving the entire organisation facing operational, fiscal, and managerial disadvantages.
When Tax is modernised, it shifts from being mostly a compliance function to a high-value planning and reporting function. The result? CFOs may find that they can have it all – a high-performing, efficient tax department that’s tightly integrated with Finance and the rest of the organisation.