The latest in our series on the Tax Function of the Future which examines the challenges that tax functions will face in the coming years, focusses on how to introduce small tax automation projects and how they can improve the tax function, support company strategy and empower tax professionals.
Achieving change – even significant change – doesn’t always mean doing everything in one go. Small incremental changes can be just as effective in moving you towards the desired end point, with the added bonus that they can be easier to implement and understand. This is particularly true for tax automation.
Automation is a crucial tool in the tax function’s ability to deliver value for an organisation. Many tax functions will become automated and make more use of artificial intelligence and machine learning as time goes on. And while we all agree that this change will happen, it’s open to debate what the journey towards greater automation will look like.