Tax leaders across the globe are under increasing pressure to add more strategic value as companies accelerate their digital transformation plans. These pressures are both internal and external forcing the business to transform on multiple fronts. Already we know of tax leaders being asked by their business for strategic counsel and for their department to deliver more strategic contributions ranging from growth planning to digital business models to supply chain restructuring.
These new expectations are redefining the relationship between the business and indirect tax, to focus on growth and opportunity. That’s changing what tax professionals focus on, how they will interact with other departments and the skill sets they need. It is also accelerating adoption of advanced technologies that will help free up tax team resources, meet compliance requirements, and help them work more closely with new stakeholders such as IT.
To make this a viable and sustainable reality, tax professionals need to review where they can make changes to their processes and procedures. They also need to work with other departments more closely, use their data more effectively, and introduce intelligent automation and workflow tools. Holding on to manual processes will stall transformation.
This eGuide provides insight for the tax department to show how they can drive business growth, boost corporate agility, and help future-proof indirect tax determination and compliance. We will cover how tax can add strategic value, why tax authorities are making increasing demands, and the transformative steps companies need to go through. It will also help tax professionals respond to internal and external influences and explain how working with Vertex and using tax technology can add value across the entire business.
