Evolving trends are changing the way tax functions are operating - both day-to-day and with long-term strategic planning. The Tax Function of the Future will look surprisingly different from today's...are you prepared?
This publication discusses how tax functions are facing increasing pressure to remain compliant in a world of challenging data collection and manual processes, leaving tax with little time to focus on strategic planning. Additionally, heightened expectations of internal and external stakeholders mean that companies need to become more agile in order to respond quickly to market changes. To become more efficient and create greater value for the broader business, tax functions need to take a closer look at the data they collect, the technology and processes they use and rethink their approach to tax data management.