What Tax Technology Looks Like in 2021 and Beyond

When guiding how your organization drives value through tax efficiencies and financial reporting, don't be surprised if the C-suite is looking for tax leaders to be technology experts. The key is to be proactive in discussions with business leadership. Here are some things to watch out for as you approach those conversations and technology integration: (1) “speed” has an expanded definition; (2) the data you have is only as good as the time it takes to act on it; (3) data is an asset of your entire organization, not your vendor’s organization; (4) efficiency is king—but reliability is queen; and (5) tax compliance technology isn’t a product, it’s a service.