Transformation of the tax function
The world is evolving and digitising at pace and tax functions need to transform to keep up. Meanwhile, economic uncertainty is pressuring companies to cut costs and drive efficiencies; and tax authorities continue to innovate how they administer and collect tax using technology and data. Therefore, Heads of Tax face the need to transform their tax function to deal with such changes as:
- End-to-end operations or finance transformation
- New legislative and/or regulatory requirements such as real-time reporting or e-invoicing
- ERP system changes
- Internal and/or external audit findings
- Changes in key tax or finance personnel
- Budget pressures
- Mergers and acquisitions activity.
How can we assist you?
Digital solution: KPMG Data Factory
KPMG Data Factory is a comprehensive digital solution designed to streamline compliance processes by validating, transforming, and consolidating compliance data into a single, reliable source. This unified data source enhances compliance reporting and control, offering several key benefits:
Benefits of KPMG Data Factory
- Trusted Data Source: Provides a single source of trusted compliance data, easily accessible to relevant users.
- Enriched Data Models: Utilises KPMG's tax expertise to transform raw data into valuable insights through enriched data models.
- Scalable Cloud Model: Supports growth and agile reporting processes with a scalable cloud infrastructure.
Powered by Microsoft platform
KPMG’s Data Factory is powered by Microsoft Azure Cloud, leveraging industry best practices. This platform choice ensures clients benefit from Azure's reliability and scalability, with the flexibility to transfer the architecture in-house after the initial implementation.
Tax transformation starts with a clear tax vision and strategy aligned to the business objectives.
We help you design and implement a leading tax operating model by identifying opportunities, improving processes, and integrating technology. All to enable you to realise value while you effectively manage your tax risks, reputation, and compliance.
We tackle tax functions’ challenges by focusing on six key areas:
Why choose us?
Our Compliance Management & Transformation team consists of highly skilled professionals with various core competences within technical tax matters, process optimisation, strategy, audit, risk management, accounting, and data & technology. We have extensive experience in defining and implementing tax strategies and continuously contribute to the success of a broad range of different projects across the operational tax agenda.
We acknowledge the importance of a holistic approach to ensure that the final solution of the concrete assignment is practical, efficient and does not have potential negative effect on other parts of your business. In addition, we collaborate closely with KPMG’s international network of tax transformation and data management experts.
