Tax technology and data

What EY can do for you

Connected is the new normal. And that has never been more important to the tax department than it is today. Digital disruption brings global connectedness, linking customers and clients, enterprises with tax authorities, tax functions with enterprise stakeholders, thus shaping new working relationships, business and operating models and driving the move toward a hyper-connected global economy.

Ready or not, the tax function is rapidly becoming digital as well. Your organization must adapt to keep pace with disruptive technologies, increasing digital and regulatory standards, and mandates for reporting and exchanging financial information.

There is an upside to this disruption, which we call Connected Tax. It’s the new paradigm for tax, bolstered by a centralized, well-governed and simplified tax data environment that helps the tax function drive value, manage costs and mitigate risk for the enterprise, whether you are a start-up or a Fortune 100 company.

EY‘s Tax Technology and Transformation (TTT) network is organized to help you navigate the rapid innovation in operations, harness the potential of data, and address the new and unprecedented challenges, risks and opportunities that come with change of this magnitude. We bring together more than 1,000 tax transformation strategists and innovation and technology professionals to help you draft and execute on a Connected Tax operational strategy and from incremental improvements to full-scale transformation.

Tax technology: You don’t have to transform everything at once

Tax technology is moving quickly. AI, automation and Indonesia’s evolving digital tax environment are creating new possibilities, but they can also leave tax teams wondering: Where should we begin?

The reassuring answer is: you don’t have to transform everything at once.

A good place to start is with a simple question:

• Where is your tax team spending time that could be better used elsewhere?
  Perhaps it is reconciling data, preparing information for compliance, tracing numbers back to source documents, or carrying out repetitive checks.

And as businesses continue to adapt to Coretax, there is another helpful question to consider:

• Is your tax and finance data ready for a more connected, system-driven tax environment?
  As Indonesia’s tax environment becomes increasingly system-driven, the quality and consistency of underlying finance and tax data become even more important. This is why EY Indonesia’s approach brings together tax data governance, Coretax readiness and audit defensibility, rather than viewing technology in isolation.

Making Coretax readiness an opportunity

Adapting to Coretax does not have to mean changing everything at once.

Instead, it can be an opportunity to take a fresh look at how tax data moves through your organization. Where are the manual steps? Which reconciliations take the most time? Where could better data, automation or AI make everyday work simpler?

“Start with what matters most. Solve a real problem. Build from there.”

Sometimes that might mean improving a reconciliation. Sometimes it could mean strengthening the quality of data feeding a tax process or automating a repetitive activity.

The goal is not technology for technology’s sake. It is about helping create a tax function that is easier to manage, more connected and better prepared for what comes next.

Your tax technology journey does not need to start big.

It simply needs to start in the right place.