Tax Automation are two important key words in the era of global digital transformation. Globally Countries are adopting technology rapidly to transform traditional financial data management model with the help of Artificial Intelligence (AI), Robotic Process Automation (RPA), Machine Learning (ML), Intelligent Data Science or Big Data and Blockchain.
Country’s revenues are dependent on TAX and revenue department have become stringent to generate more revenue through TAX and so emerging technologies playing a big role to ascertain tax accurately. Nonetheless on the other side taxpayers like corporates are also into race of transforming tax and financial data to ascertain accurate revenue and liability to become more compliant with all Govt. laws of the country.
Growing regulatory with business complexities and the evolution of tax technology are creating ever-increasing expectations from finance function. In this new paradigm, leaders need to think and transform traditional operating models with the emerging technology to add greater value in the businesses.
Automation Capabilities: Enabling Organizations with Tax Transformation and Technology Service Offerings