This forward looking 8 part publication will equip tax and finance managers with tools and knowledge to deploy technology to manage their tax function
An Australian journalist recently described the world as being “in a moment between techno-rapture and techno-panic”. This is the idea we are both excited and fearful of what the future may hold for us in a world where technological developments are on the precipice of a revolution increasingly being referred to as the fourth industrial revolution. The onset of this revolution has left many tax and finance managers feeling anxious that they may be left behind and uncertain of where to start. Indeed, the term “disruption”, which is so commonly bandied about to describe the effect of this revolution, evokes images more associated with fear than with education and opportunity.
Our goal with this publication, which will be released over the course of 8 days, is to provide tax and finance managers with a framework through which they can engage, to learn the basics, and then begin the journey which will enable them to embrace the benefits of using technology in managing their tax function.
This article takes a glance into the future to better understand some new and emerging technologies, and how these can help the tax function of the future. We group a vast array of new and emerging technologies into two main categories – intelligent automation technologies and distributed ledger technology (commonly referred to as ‘blockchain’).