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To future-proof your tax function you want to ensure that you adapt to external changes in the tax landscape, such as global tax reform and the digital economy, and embrace the latest technologies so that you make the best use of your time and maximize insights into/value from data and processes to improve your overall operations.

Driven by the increasing trend towards digital and real-time reporting, many tax departments are facing data challenges. ERP systems that should provide this information are put in place at different times, have different objectives, and were probably implemented when the organization looked very different. Especially for organizations with decentralized operating structures, the number of these systems can run into the hundreds.

The last few years tax authorities, corporate management, but also investors and customers, are increasingly demanding more tax transparency and tax risk management. Now more than ever, companies need to be able to demonstrate that they are continuously ‘in control’ of tax risks.

The increasingly large number of new tax compliance obligations worldwide have changed the way we look at compliance. New regulations are not only continually be implemented at an international level (e.g. CbCR, Mandatory Disclosure rules, VAT Quick Fixes, DAC6, OECD Pillars One and Two) but also at a national level (e.g. SAF-T, e-invoicing, SII, Making Tax Digital). These additional requirements are on top of annual and periodic tax returns.