WHITE PAPER

Tax data management reimagined: From manual processes to digital excellence

Tired of tax data draining your time and resources?

Effective tax data management strategies are more crucial than ever. Corporate tax departments are facing an increasing need to keep pace with evolving regulations, technology advancements, and talent shortages. Without robust strategies in place, these departments risk reactive scrambling, missed opportunities, and heightened exposure to regulatory and financial risks.

Thomson Reuters Institute 2024 (TRI) data reveals a pressing need for change:

  • 60% of corporate tax departments have only automated 10% to 50% of their work processes. 
  • Less than one-third utilize network communication tools like APIs for seamless data sharing. 
  • Almost half lack the budget for technology and automation improvements, hindering their ability to adapt and thrive. 

Download our white paper to discover how transforming your tax data management can help you:

  • Improve tax compliance by centralizing and standardizing data, reducing errors, and ensuring smoother regulatory compliance.
  • Optimize efficiency by automating workflows, freeing up your team from tedious tasks to focus on strategic and higher-level initiatives.
  • Gain a proactive advantage by leveraging data analytics for informed decision-making, trend identification, and proactive response to regulatory changes.

Don't let outdated practices hold you back. Download our white paper today to realize the power of your tax data.

Access the full white paper

I consent to Thomson Reuters using the personal information provided above to send me marketing communications about its products and services. I understand I can opt-out at any time.

 

By submitting this form, you acknowledge the Thomson Reuters group of companies will process your personal information as described in our Privacy Statement, which explains how we collect, use, store, and disclose your personal information, the consequences if you do not provide this information, and the way in which you can access and correct your personal information or submit a complaint.