Tax management consulting
Tax Technology Architecture
Tax departments today often face significant resource constraints, requiring an increased focus on efficiency and effective use of technology to streamline their compliance and reporting processes. Overreliance on spreadsheets, outdated technology, and a lack of integration between tax and finance systems can hamper a tax departments’ ability to obtain and analyze the data needed for timely and accurate tax compliance and reporting.
Deloitte assists tax departments in understanding requirements for the design, selection, and implementation of tax software for global and local purposes for both direct and indirect taxes. We have extensive experience of the major tax technologies available and our services include helping clients to make appropriate technology choices and configuring and integrating those choices through the entire record-to-report business cycle for tax. Typical solutions include enterprise systems, middleware, tax applications and management reporting dashboards.
In particular, the integration of tax data requirements into enterprise resource planning (ERP) systems is increasingly critical for tax departments to operate effectively. We can advise organizations wishing to tax enable their ERP systems, including the direct and indirect tax requirements and the related data to support their tax-related activities on a global basis. We also assist with data retention, document management, and the prioritization of controls.
Tax information is increasingly important to management’s ability to plan and forecast. Deloitte’s Tax Management Consulting teams can assist organizations leverage data analytics for tax and assess the data and information produced. In addition, we can assist businesses gain insights into past tax performance and how tax technologies, applications, and leading practices can help tax department plan and executive tax management more effectively.
Businesses are complying, and finding value, by deploying innovative tax technologies that speed data collection, lower costs, and reduce tax avoidance and corruption.