Tax transformation

New opportunities have arisen for tax leaders to use tax technology to create efficiencies, increase accuracy, and enhance transparency in their tax functions. These opportunities come as a result of improved tax automation, advances in tax technology and data analytics, and heightened tax leader ability to apply tax transformation best practices to reduce tax risk, manage exposure, enhance compliance, and thereby maintain a competitive advantage.

Organizations must navigate a dynamic tax environment characterized by digital disruption and increasing regulation. These tax-related challenges demand precisely targeted and smoothly implemented strategies, strict compliance with ever-changing tax laws, and improved control through the application of effective tax technology.

KPMG can help tax leaders establish a clear tax vision and formulate effective tax operating models aligned to the overall business objectives of the wider organization. Through the considered use of these tax transformation processes and strategies, we can help transform your organization’s tax function to deliver value, support the implementation of effective risk management controls, and provide benchmarks and key performance indicators that demonstrate success.

KPMG’s Tax Transformation network helps organizations build and operate leading tax functions while managing their tax risk, reputation, and exposure in an increasingly digital economy. Our targeted approach focuses on three key areas:

Governance
KPMG’s experienced tax technology professionals can assist in implementing a robust governance framework that builds in tax transparency and positions tax as an enabler to profitability. Using tried and tested tax data management technologies, we foster confidence in accurate reporting that drives in-depth insights for strategic planning and business forecasting.

Compliance
KPMG’s tax compliance technology specialists assist organizations of all types and sizes to streamline processes and automate the manual, repetitive tasks which are typically encountered. Backed by advanced tax compliance technology tools, KPMG professionals can help tax teams quickly identify opportunities for improvement, design solutions, and implement a more efficient future state.

Technology
By leveraging advanced tax automation and tax data technologies, KPMG can help you successfully navigate your tax transformation journey. From reviewing processes to resourcing and more, our experienced team of tax professionals takes a holistic view and uses a personalized approach to developing effective, right-sized technologies for better tax administration. The result: a finely tuned tax function aligned to match your strategic vision and complement your business objectives.