Tax and Finance Operate
The Transformative Age, catalyzed by evolving regulation, technology and talent demands, is causing organizations to reimagine tax and finance operating models. Building your own capabilities is challenging and costly. Many companies find it cheaper and more effective to co-source select activities, leveraging significant investment in technology, people and process.
Tax and finance functions today face dynamic pressures in staying on top of legislative change globally, keeping pace with technology, and attracting and retaining professionals with future-focused skills. These functions face a tall order: do more, and provide more value, with fewer resources and continuing pressure to reduce costs, in a rapidly changing world of risk and regulation. How can they be equipped with digital capabilities that evolve alongside the market, with human help whose talents also must adapt? By establishing a new co-sourcing operating model to:
- Manage risk and improve visibility. Standardized workflows and dashboarding will provide you confidence through increased transparency and control over global filing obligations. Real-time dashboards also allow you to monitor and stay abreast of global tax controversy.
- Realize increased value from data. Thanks to structured data, advanced analytics and visualization tools, your data can be transformed into powerful new insights. This transformation allows for your function to provide more strategic value to your organization in a time of greater complexity and disruption.
- Drive innovation and new ideas. EY professionals who understand your business bring you new perspectives through significant investment in artificial intelligence, machine learning and EY Global Tax Platform. We work with you to provide a co-source solution to help you meet your business needs, providing continuous improvement and innovation.
- Improve efficiencies. Significant investment in leading-edge technology, standardized processes, and service centers of excellence enable us to perform activities more efficiently. Through a co-sourcing relationship your team can spend more time on strategic developments, such as advising on tax and controversy matters.
In a world of change, we understand how tax policy works and are attuned to legislative developments wherever you do business. You gain a globally consistent, dedicated client service team committed to the delivery of exceptional client service, and it links to 54,000 EY tax professionals in more than 140 countries. The co-sourcing model helps you retain responsibility for the strategy, policy and accountability of your tax and finance function, while we help you meet all your compliance obligations.
EY Global Tax Platform (GTP), powered by Microsoft Azure, shares information in real time, automates and digitally helps enable processes, allowing you to reimagine your tax and finance functions and outcomes. It provides state-of-the-art technology via a plug-and-play architecture that can improve risk management and tax governance through global visibility and control. It also can enhance tax data quality, provide high-value analytics and help identify opportunities.
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