As organizations seek to drive profitability by responding to market challenges more quickly, they are increasingly looking to upgrade their outdated or overly complex ERP systems. An ERP implementation requires significant support, from strategy through execution, to address the related financial, operational, technical, and compliance challenges involved. However, it also offers an opportunity to dramatically improve tax data quality and operational efficiency.
Increasingly, organizations are realizing the importance of properly scoping and budgeting for tax during the initial phases of an ERP implementation. ERP design decisions have direct tax, indirect tax (e.g., sales/use, Value Added Tax, Goods and Services Tax), and international tax implications that are not immediately apparent or understood by non-tax resources. Involving tax as early in the implementation process as possible saves companies’ time and money, while providing an opportunity for tax departments to enhance their tax technology ecosystem and focus on value-add tasks, such as tax planning.
Our ERP tax integration team can assist you in leveraging enterprise technologies to drive business value. Our team helps align the enterprise system with tax requirements for improved availability and access to tax sensitized data that can be effectively integrated into tax technology tools.
We view ERP projects as large-scale business transformations, not just a system implementations or upgrades. As such, we bring a broader perspective and set of capabilities focused on driving coordination and alignment across your entire organization — tax is no exception.
Tax East Region Leader & Tax Reporting and Strategy Leader, PwC US
Partner, Transfer Pricing, PwC US