Operate with dynamic control
In tax and finance departments
Business model evolution is accelerating more quickly than ever. Companies are adapting to the digital era, investing in green initiatives, and mapping growth plans for recovery. They cannot do all of this without the forecasting and scenario modeling capabilities of their tax team. This creates a new business imperative for the C-suite to partner with the tax function. By no longer being consumed by routine compliance and reporting activities, the tax team is empowered to deliver increased agility and value.
Hear from 300 tax and finance leaders.
See the Deloitte tax transformation trends survey results.
Embracing a more-with-less mindset
Take the first step towards 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 future-focused 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.
At a tipping point:
Navigating new tax territory
Why CFOs and Their Tax and Finance Teams Are Playing an Increasingly Strategic Role
HBR sponsored content
The CFO needs to assess where the tax department can add the most strategic value to the business. Learn how CFOs and their tax and finance teams are playing an increasingly critical strategic role as a business advisors to help navigate global economic recovery scenarios.
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-hire skill sets and expertise and 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 AI, machine-learning, and cloud applications, without the large investments needed to build and maintain them in-house?
Questions to ask yourself
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Thoroughly assess the skill sets of your people, your technology maturity model, the business implications of the work that you are doing and the governance / compliance processes that you have in-house. 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 leverage 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 not only control costs, but they can also support real-time, accurate, forward-looking insights and processes that turn tax from a necessary cost of business into an invaluable resource that drives optimized competitiveness as well as seamless, continuous compliance.
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