Going digital?
Today’s tax environment is often strangely disconnected: On the one hand, tax specialists use smart phones, social media and ERP systems both privately and professionally. On the other hand, most tax functions still rely heavily on Excel spreadsheets. Highly skilled tax specialists spend half their time or more with manual data cleansing, aggregation and manipulation.
PwC predicts that in the near future, the majority of tax functions will rely on professional data analysis tools to assist in the decision-making process in areas such as risk detection, planning and overall business support.