How do you define “tax transformation?”
It’s a crucial yet frequently overlooked question. Your answer can have major implications on your organization’s return on tax technology investments, the tax groups relationships with the finance group (and many other parts of the company) and how efficiently the tax team operates.
By define, I mean get a clear and broad understanding of what tax transformation should entail. Addressing the following questions can help cultivate this understanding:
- How will tax add value to the business in five to 10 years?
- How does the tax group help the CFO and the finance group?
- How are other groups in the finance/ERP ecosystem – and beyond — approaching transformation and technology upgrades?
Source: www.vertexinc.com
