It’s an exciting time to lean into advanced automation functionality to address the challenges that tax teams will always face, and we’re seeing the impact of automation escalating with GenAI capabilities. KPMG LLP (KPMG) is proud to be a Platinum sponsor of CONNECT 2024, and to share with you our vision of how to integrate GenAI into your tax life cycle with Corptax as a foundation to continue driving automation and multiplying what was previously possible.
A recent KPMG survey of 500 C-suite executives at large companies revealed that 0% (yes that is ZERO) said they are doing nothing regarding GenAI. In other words, everyone has started or is on their journey of incorporating GenAI into their tax life cycle. GenAI is an even bigger paradigm shift than predicted as recent as a year ago. Ask us how you can leverage KPMG’s $2.5 billion dollar investment with Microsoft focusing on GenAI capabilities to give you a head start on how to make it a part of your standard tool kit.
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Download PDFJoin our session on Tuesday, December 11 from 1:30 PM – 3:00 PM
Tax Reporting in the AI Age
Tax departments continue to face an explosion of demands to report results to management, shareholders and taxing jurisdictions, while also meeting the necessity to better predict the impact of proposed and upcoming legislation on future results at a moment’s notice. Utilizing GenAI has changed from a “nice to have” to a “must have” to get it all done completely and accurately and within the time allowed. Come listen to how KPMG has unleashed the transformative potential of GenAI to cut through the complexity and bring you to the core components for any decision requested. Accomplish this without abandoning the supporting detail, and how it can simultaneously utilize those details to condense the journey to a recommended and concise list of monitored next steps.
Objectives:
- Recognize the transformative potential of GenAI in the context of tax reporting and how it can be used to interpret and apply data extracted from Corptax for meaningful insights.
- Determine how to effectively utilize GenAI to pre-build prompts, enhancing the efficiency and accuracy of tax management processes.
- Apply knowledge of GenAI to improve decision-making processes in tax reporting using data from Corptax.
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