EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Tax Data Analytics
In Tax
Big data is dramatically reshaping the way businesses operate. Big data refers to the increasing volume of data now available, as well as its variety and the speed at which it can be processed.
The evolution of big data is dramatically reshaping the way businesses operate. Big data refers to the increasing volume of data now available, as well as its variety and speed at which it can be processed. Analytics is the means for extracting value from this data – the tool that can generate actionable insights for tax. Now, managing tax big data and leveraging it for better visibility of your tax obligations has become a critical success factor for tax functions.
As more and more processes are being digitised, increased volumes of data are being generated in a variety of formats. This can be overwhelming to manage and interpret for tax functions attempting to deal with data from a variety of different sources. It also provides an opportunity to leverage the power of advanced data analytics to improve compliance and provide valuable insights into issues which may be impairing the performance of the tax function.
How can data analytics help tax functions?
- Process Transparency
- Enhanced Decision Making
- Better insights
- Audit readiness
How EY can help
Tax data analytics combines tax technical knowledge, large data sets and new technologies such as visualisation tools to generate insights and gain a deeper understanding. EY can work with you to leverage analytics to help tax departments make real-time decisions to improve business performance and drive strategy. For example; VAT Accounts Payable & Accounts Receivable Reviews, Employee Expense Analysis, Tax Audit Healthcheck Reviews and Tax Workflow Tracking.