[IMGCAP(1)]As access to larger amounts of information on corporate business operations and transparency into tax calculations increase, tax departments have the opportunity to function more strategically if they seize it.
In fact, for many tax departments today, this is becoming a requirement. Operating more strategically challenges teams to go beyond meeting compliance regulations by leveraging the swaths of data to gather in-depth insight into various tax scenarios to guide decision-making and better respond to an ever-changing regulatory environment. While having the potential to add more value to corporations by operating more strategically, many tax departments don’t have the technology to conduct sophisticated analysis or even integrate the right tax data into their existing systems.
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