Analysis

Inte­­grated insights with Taxalytics™

Leveraging data analytics to reach peak performance in tax

​​Analytics for tax departments has a new name: Taxalytics. Taxalytics brings it all together for tax: analytics strategy, visualization, top-flight analytics tools, data management, integration, and the expertise to make it work successfully. Putting a proper data analytics program together can be challenging, but it is fully attainable and a must-have in this day and age. The leading companies are pursuing it now.

Taxalytics holds the future for faster decisions, coordinated planning, and increased value through integrated, insight-driven tax intelligence

Actionable tax data and insights are critical and meaningful enablers for an effective tax department to deliver valuable business outcomes within the enterprise. Many, though, are falling short. To truly succeed and thrive, tax departments need an intensive overhaul of their data analytics capabilities. By doing so, they will be able to focus more time on decision-making vs. data crunching, reduce the chances for errors and risk, and become a strategic part of the enterprise’s quest to gain insight-driven advantage and contribution to the profitability equation.

The age of spreadsheets and manual data crunching is over. The modern tax professional needs sophisticated visualization tools that breathe life into their critical data assets, showing their reality in living color and interactive pictures. These are not stand-alone tools. They must be integrated into the industry’s most effective and sophisticated analytics toolsets. They must work with an enterprise-class data platform and architecture, determining that the data is perfectly cleaned, factual, and consistent with enterprise resource planning (ERP) and transactional systems.

Analytics for tax departments has a new name: Taxalytics. Taxalytics brings it all together for tax: analytics strategy, visualization, top-flight analytics tools, data management, integration, and the expertise to make it work successfully. Putting a proper data analytics program together can be challenging, but it is fully attainable and a must-have in this day and age. The leading companies are pursuing it now.

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