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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.

Data and digitalization are disrupting today’s tax world. This is noticeable by the implementation and/or increased usage of technologies by tax authorities and companies in its own organization.

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.