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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.
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.
E-invoicing will impact procurement and supplier relationships, cash collection and accounts payable, working capital, tax reporting and wider digital transformation efforts.
Why did 97% of respondents to the 2023 EY Tax and Finance Operations Survey rank modernization a top priority? Because many tax and finance operations are struggling to meet demands.
Mobility agility drives business resilience, reveals the EY 2024 Mobility Reimagined Survey. Learn how mobility functions can evolve to activate key drivers.
As the real-time economy grows, so do stakeholder demands for on-demand reporting and actionable insights. What’s more, tax authorities are rapidly adopting advanced digital platforms to enable real-time or near real-time collection and analysis of detailed taxpayer data.
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.