Minimizing risks in tax-related processes requires a high degree of attention and adaptability from companies. Clients must ensure that their tax processes are efficient and compliant. This is made more difficult by increasing digitalization and ever more complex regulations.

Digitalization is forcing tax departments to digitalize their processes and data in order to meet the requirements of digital tax administration. At the same time, the demand for transparency is increasing, which places additional demands on tax departments.

The challenges of the tax department

Coping with data volumes
- Efficient management and monitoring of the growing volumes of data in order to meet the requirements of the supervisory authorities and avoid penalties.
- Dealing with the increasing size and heterogeneity of data volumes in order to maintain an overview of business transactions and minimize the risk of errors and irregularities.
Growing IT understanding of the supervisory authorities
- Adaptation to the requirements of the supervisory authorities by digitizing processes and data.
- Ensuring that the tax department has the necessary IT skills to meet the requirements of the supervisory authorities and digital audit methods.
- Implementing a risk-oriented audit approach in order to avoid additional tax results and the associated interest and penalty payments.
Modern technologies
- Investment in modern technologies and systems that help to optimize tax processes and minimize risks.
- Use of data analysis tools and automated solutions to manage data more efficiently and ensure compliance with legal requirements.

In summary, it can be said that minimising tax risks and adapting to digital tax administration are key challenges for companies. By using modern technologies and continuously monitoring and optimising their processes, companies can successfully overcome these challenges and minimise their tax risks.

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Our solution

It is crucial for tax departments to continuously adapt their processes and systems to current tax developments. Through a data-driven and automated approach, we enable your tax department to act as a strategic partner within the company and make a valuable contribution to its overall success.

Tax data analytics

In-depth big data analytics solutions increase the transparency and quality of your tax-relevant data. We take a close look at your processes and IT systems, identify optimization potential and implement automation solutions. This enables more precise and efficient tax administration that meets the requirements of the modern digital tax landscape.

Tax Technology & Automation

Your tax department receives targeted support with technology-related topics, such as the development of data platforms, the introduction of AI-based solutions or the implementation of external tools such as SAP Tax Compliance on HANA. In addition, recurring and highly data-driven activities, such as compliance reporting, can be taken over as part of managed services. This takes the pressure off your employees and allows them to focus on strategic issues.

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