Corporate tax departments frequently encounter numerous obstacles when integrating technology and automation. This is particularly true when it comes to automating manual Excel processes.  Below are some primary reasons and effective solutions that will help to gradually transition into Excel-based automated solutions that have been proven to significantly reduce cost and improve efficiency. Challenges Recommendations…

Because a tax department’s processes are interconnected, it is often overwhelming to think about process automation. Those who have succeeded in this endeavor have managed to do so by breaking down the bigger picture into smaller sub-functions and treating each sub-function as a separate manageable project. It is critical to choose the right projects for…

Lack of preparation: Failing to properly prepare for automation, such as not thoroughly understanding current processes and not having clear goals, can lead to implementation problems and slow progress. Inadequate data management: Poor data management practices, such as failing to validate and clean data, can result in inaccurate results and delayed processes. Neglecting security and…

Excel Power Query and Alteryx are both powerful tools for data manipulation and analysis, capable of automating the transformation of large datasets. While both products can streamline complex manual tasks, there are some key differences that should be considered before implementing one or the other. Below is a high-level comparison of the two products. Excel…

Many tax department leaders hesitate to adopt advanced automation solutions for fear of disrupting the status quo. While that approach is perfectly logical, it is not a sustainable business decision. In most cases, the main reason for avoiding automation is an honest lack of understanding of technology and therefore, the fear of losing control. The…