What is this resource?
This is the third in a thought-leadership series exploring our predictions for the Tax Function of the Future. Our first piece outlines our predictions concerning the new challenges facing the tax function and why it must adapt to remain relevant. The second piece focuses specifically on our predictions relating to global tax legislation and regulation, as well as risk management, and how tax legislative and regulatory developments mandate change.
Unlocking the power of data and analytics
This report underlines how many of the data challenges facing the tax function are not tax issues per se, but enterprise issues. It requires the tax function to take the lead on communicating and facilitating cross-functional meetings with information technology (IT), finance and other groups within the organization, in order to ensure adequate representation and understanding of tax requirements.
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Focal Point on ‘Tax Analytics’
This expands on the discussion why Tax functions should have a keen focus on leveraging their data. It examines a critical and rapidly emerging trend for Tax—the robust and expanded use of enterprise performance management (EPM), business intelligence (BI), and analytics tools and capabilities, referred to as ‘Tax Analytics.’
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Need further information on this topic?
For further information please contact Mark Schofield or your usual PwC advisor.