Building the Tax Function of Tomorrow-Today
The tax function is no longer all about compliance. Cognitive technologies and new digital models are driving changes in how tax leaders are looking to the future, aiming to add both value and transparency.
On the other hand, their enthusiasm is being somewhat tempered by reports—and, increasingly, personal experiences—of poor performance, concerns about data privacy, and general uncertainty about what these new technologies really mean within the context of the tax function. As the business adopts digital technologies and operating models, the stakes are rising. Deloitte has scanned the market and concluded that five disruptive digitization trends are already shaping the future of the tax profession:
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Big data
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Process automation
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Decision-making
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Democratization of knowledge
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Open networks