- VAT automation is now a necessity, driven by increasing regulatory complexity, global expansion, and the need for scalable, consistent operations, fundamentally changing how businesses manage VAT and enabling tax professionals to shift from manual data processing to strategic analysis and evaluation.
- Successful automation hinges on good data, though acknowledging that perfect data is rare, businesses should focus on identifying and managing data gaps, fixing recurring issues with automated rules, and leveraging co-sourcing to access specialized expertise and achieve global efficiency.
- Businesses should adopt a structured approach to automation—stabilizing data, standardizing processes, automating predictable tasks, and continuously optimizing—while also prioritizing change management to ensure team buy-in and recognizing that even an 80% automation rate can deliver significant benefits, making it crucial to start the automation journey now.
Source Fintua
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