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…

Tax process automation is a journey, not a destination: As we have witnessed in the last few years, the global labor shortage is a post-pandemic new reality that businesses of all size must deal with. One of the areas where labor shortage is a real challenge is the field of tax. As more senior tax…

Incorporating improvements in a tax process without the support of professional IT help can have an immediate benefit. However, there may be some drawbacks in the long run. Inefficient and Error-Prone Processes: Microsoft Excel is the backbone of finance. Most tax departments’ automation projects are purely based on MS Excel. Because less than 5% of…