CASHING IN
WHY IT ' S TIME FOR THE TAX FUNCTION TO EMBRACE DIGITAL TRANSFORMATION
Digital Transformation is reshaping industries , yet the tax function often lags behind . Bruce Martin , CEO of Tax Systems , a leading provider of tax compliance software in the UK and Ireland , explores how integrating AI , automation and other new technologies can revolutionise tax operations and drive strategic business impact .
Digital Transformation – the process of adopting technology to significantly improve business processes and performance – is driving huge change across the economy . From increased efficiency , enhanced customer experience and improved decision-making , to data insights , greater scalability and innovation , its impact is growing every year .
For instance , many organisations are using software to streamline their processes to improve accuracy and productivity . At the same time , the integration of Artificial Intelligence ( AI ) and Machine Learning ( ML ) technologies to automate tasks as well as enable predictive analytics and help extract valuable insights from large datasets , is becoming more common .
In addition , the digitisation of traditional products and services is changing how organisations and consumers interact with the world . As a result , the global Digital Transformation sector was estimated to be worth over $ 730 billion last year , with further rapid growth predicted in the years ahead .
www . intelligentfin . tech
29