The New Tax Transformation Imperative

Why digitization requires a reboot of your transformation approach.
Get the latest insights on your biggest tax challenges

A new approach to transformation

Tax transformations are typically driven by a monolithic enterprise resource planning (ERP) or other major technological enhancement and are usually long and expensive. The problem? Emerging trends like digitization, the emerging real-time economy and regulatory changes are creating a paradigm shift. This shift requires a completely new approach to tax and finance transformation.

 

To move forward, organizations should take a step back and re-orient their transformation with the future in mind, building agility into the operating model. Co-sourcing and managed services are increasingly important strategic levers —providing the foundation to better focus talent strategies on new skills and more strategic activities.

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Technology and innovation

  

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Will GenAI replace tax professionals?

Learn why Shawn Smith, EY Americas Financial Services Industry Group Leader, thinks that rather than replacing tax professionals, generative AI (GenAI) allows them to enhance the work they’re doing.

 

Watch this video now for the inside perspective on how to:

  • Determine whether to build or buy GenAI capabilities.
  • Leverage GenAI to query data using natural language.
  • Enhance tax team value by delivering new business insights with GenAI. 

How generative AI might help tax functions tackle challenges

GenAI can automate tasks, summarize information and provide insights, but it needs a person’s input to optimize the technology. Learn more.

How technology can help tax and finance drive business transformation

How the tax and finance functions can succeed in becoming a transformative force within their organization, helping to drive it forward. Learn more.

Why five years of transforming tax and finance functions is paying off

New tax operating models in the last five years delivered value to businesses, EY survey shows. The next five years will add even more. Read more.


    Data and analytics

       

    Blue stock market graph on led screen for analysis

    Get ready to meet the evolving e-invoicing regulations

    What ViDA means for the rise of global e-invoicing

    Commission’s VAT in the Digital Age (ViDA) proposal is a game changer for global businesses and their tax functions. Learn more.

    EY Tax.Tech™ Ecosystem series: unlocking the power of data with tax function analytics

    Our EY Tax.Tech webcasts help you keep pace with the ever-evolving tax landscape and what it takes to build an intelligent finance and tax function.

    Why tax engagement in an ERP overhaul delivers business-wide benefit

    SAP S/4HANA can help drive increased cashflow and profitability, mitigate tax risk, and enterprise-wide operational efficiency. Learn more.


      Operating model and sourcing

         

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      For a better transformation outcome, dig into the data

      EY Tax.Tech™ series: finance and Tax convergence: the next transformation frontier

      Panelists from EY and Thomson Reuters discuss how Finance and Tax alignment is the next transformation frontier.

      How tax and finance can play a critical role in changing oil and gas

      In a sector undergoing tumultuous change, the tax and finance function has a significant role to play in delivering enterprise-wide change.


        Talent and culture

          

        Team reviewing exceeded cost details for approval

        It’s time for tax leaders to get out of the tax silo

        How Mobility functions can evolve and thrive with a workforce in flux

        Mobility agility drives business resilience, reveals the EY 2024 Mobility Reimagined Survey. Learn how mobility functions can evolve to activate key drivers.

        Why the human CFO is vital in the age of AI

        In this episode, Perry Wiggins, CFO at APQC, discusses technology’s impact on finance and what it means to be a human CFO. Learn more.

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        How artificial intelligence can augment a people-centered workforce

        AI is disrupting approaches to talent strategy, risk and resilience. Learn why it’s crucial to blend operational gains with a people-first mindset.


          Risk and governance

             

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          What good governance in tax looks like



          Ecosystems and partnerships

            

          Abstract Skyline: Exploring the Depths of Business and Finance in a Captivating Narrative

          Transforming tax takes a village

          EY-Microsoft Alliance: the great ESG data dilemma

          There’s more to tax data than meets the eye. Find the right perspective with the EY-Microsoft Alliance.


          Explore our partners

          The EY Partner Ecosystem: our strategic relationships and alliances

          EY teams collaborate, co-create and innovate with our category-leading organizations to drive transformation, performance and growth.

          EY–Thomson Reuters Alliance

          Bringing together Thomson Reuters ONESOURCE tax technology with EY Tax, Technology and Transformation services

          The EY-SAP alliance: enhancing your platform to grow your business

          Next-level, scalable e-commerce technology can help you keep costs in check.

          The EY-Microsoft Alliance

          Start where you are. Achieve more than you’ve imagined. No matter your transformation goal, the EY-Microsoft Alliance can help. Learn more.


          Global tax disruption

          How to find certainty amid tax policy transformation

          EY 2024 Tax Policy and Controversy Outlook explores what you should act on now and what you should keep an eye on next. Learn more.

          Top 10 unexpected Pillar Two challenges for US multinationals

          Top 10 most common Pillar Two surprises for US MNEs | Learn More

          How do you drive transfer pricing certainty in uncertain times?

          Businesses are prioritizing transfer pricing certainty in an era of global minimum taxes. That starts with getting the data right. Learn more.

          How BEPS 2.0 could impact the wealth and asset management industry

          The potential impact of the Pillar Two rules could influence fund structuring and investment choices. Learn more.

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          Key ways BEPS 2.0 Pillar Two may impact US multinational entities’ M&A transactions

          US MNEs considering M&A transactions will want to keep their tax department connected. Prepare for BEPS Pillar Two.

          Webcast series: Spotlight on BEPS 2.0 for US Multinational Enterprises

          This webcast series will focus on the practical steps US multinational enterprises can take to prepare for, and comply with, new BEPS 2.0 Pillar Two rules.

          Multinationals Face Complex Data Challenges From Global Tax Deal

          Kevin Flynn discusses how businesses can be ready to comply with the second phase of the global BEPS project, particularly its 15% global minimum tax.

            BEPS 2.0

            New tax rules are dramatically changing the international tax landscape, potentially bringing reporting and compliance challenges to every industry. 

            Get the latest insights on your biggest tax challenges
            Like what you’ve seen? Get in touch to learn more.