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Colour Burst

What should you do to transform?

What should you do to transform?

What should you do?

Once you know the answer as to 'why' you would choose to embrace technological change in your in-house tax function, you then need to consider 'what' you will do. To help answer this question, we have returned to our four 'buckets' or categories of tax technology solutions, and our aim here is to provide you with insights into some of the tax technology solutions that are available, and aspects we see as being 'core' to your business needs, or 'optional' depending on your specific organizational risks, efficiencies or business activities.

Category one : Automating the tax compliance process

Category two : Solutions that provide greater insights

Category three : Process management solutions

Category four : Accessories, components and infrastructure

The combination of these is what creates a common platform on which various solutions (or apps) can then run. With a common platform a lot of benefits can be realized:

  • uniformity of user experience: all applications have the same look and feel
  • rapid development and/or deployment of new applications: components may only need to be set up once and can be leveraged across new applications
  • centralization of data storage: data can be used for multiple purposes across different applications
  • centralization of user management: users can access applications via a single login and access is granted based on a 'need to know, need to have' basis.

To learn more about each one of these categories and the tax technology solutions that are available, read the full report: Transforming the tax function through technology