Transform your tax processes/function by using technology. There is no shortage of tax technology challenges and opportunities facing today’s tax functions. You need to be ready to be compliant and ready for the changing digital future of tomorrow. The challenges should be considered as a part of the journey to transform your tax department with the appropriate technology. Tax department should re-evaluate their current operating model by analyzing the tasks they undertake to improve efficiency and utilizing all available resources and identify their main tax technology challenges.
Having a practical checklist on what is the challenges most corporates are faced with in dealing with tax and technology and in general, the digital transformation of in-house tax workflows is always interesting and helpful to determine the challenges you are faced with. After your journey, what would be your own top 25 challenges for your in-house tax workflows. Use the checklist below to begin identifying what you need to focus on – moving forward in your tax transformation.