Tax Function Effectiveness: Managing Your Business through Technology and Process Enhancements

Your challenges

Are you looking for ways to improve the transparency and accuracy of your tax accounting process? If so, you may want to consider an investment in third-party software or alternative solutions to help streamline your tax provision calculations.

When doing so, keep in mind that manual preparation of tax accounting information and overreliance on spreadsheets can complicate the implementation process. You might even implement the software too quickly, underestimate the level of work involved or overestimate the software’s potential impact on your existing processes and related processes.

How PricewaterhouseCoopers can help

Our Tax Function Effectiveness (TFE) team can help you iron out the details. Whether you need to enhance an existing system—or to simply buy one off the shelf—our team can assist you with your “build-or-buy” analysis and vendor selection process. We have relationships with most vendors, as well as extensive global experience implementing software developed by major software providers.

We’ll also leverage PwC’s own outsourcing and technology-enhanced service offerings to bring extra value to the process. Get in touch with our TFE team today so that we can help you:

  • Assess the impact of existing processes and resource constraints, systems capabilities and cost-benefit issues
  • Assist with documentation of existing processes and controls
  • Design enhanced processes for data collection, download and import, as well as bridge tax adjustments from accounting systems
  • Train your staff on these enhanced processes, including functionality and use of implemented third-party software
This communication is intended to inform readers of developments as of the date of publication, and is neither a definitive analysis of the law nor a substitute for professional advice. Readers should discuss with professional advisers how the information may apply to their specific situations.

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