“As organisations plan for continued disruption, talent scarcity and economic volatility, financial accounting leaders are tasked with finding ways to innovate, automate and scale to meet organisational demand” – ICAEW (2023 Priorities for Finance and Accounting).

Efficient use of top talent is critical in building resilience in the finance department.

The tax function is facing unprecedented challenges, including an increasingly complex regulatory framework, shifts in government policy and a move towards real-time reporting. Meanwhile they must also contend with larger volumes of data, fewer staff, and reduced support from internal resources such as IT.

While technology cannot solve all these challenges, adding levels of data automation could be a significant boost for your tax department.