Tax technology

Tax function of the future
Opportunities to grow

The way that your tax function uses technology is becoming increasingly important due to budgetary constraints and an increasing workload. Yet, we often see indicators that technology could be used more effectively when we work with our clients.

Common indicators include:

  • Significant investment in software that is not properly configured to provide tax data required.
  • Considerably time spent preparing data and on compliance tasks
  • Large amounts of data which cannot be fully understood
  • Analysis prepared manually in spreadsheets
  • Uncertainty about how to gain insight from data collected
Making effective use of technology is a journey. We help our clients to focus on small, discrete projects which are achievable and can quickly provide value. This step-by-step approach allows client teams to gradually build their technology skill and experience.
Let's get started

To help you on this journey, there are technology tools available which you can use today in your tax function. These “self-service” tools are user friendly, require limited configuration and have the power to handle huge amounts of data.

These tools are frequently used in tax functions for the following tasks:

  • Processing large amounts of structured or unstructured data
  • Consolidating data stored in multiple files
  • Mapping data based on various criteria
  • Reconciling data of any kind and visualising data.

Data automation

Streamline your data preparation processes to deliver the tax data that you need quickly and accurately

Data visualisation

Visualise your data to facilitate business planning and identification of tax risks

Robotics process automation

Handle repetitive tax processes 24/7 using software robots

Artificial intelligence

Accurately classify structured and unstructured data in your tax processes

How AA can help
Corporate tax
E-invoicing
Tax reporting
Customs
Transfer pricing

Corporate tax

  • Reconciling data of any kind (e.g. VAT-CIT revenue reconciliation)
  • Converting IFRS accounting books into VAS format for tax purposes
  • Machine learning for tax classification

E-invoicing

  • Vendor selection
  • E-invoice formatting
  • ERP and e-invoice system integration
  • Registration process of e-invoice issuance

Tax reporting

  • Tax process automation
  • Tax data visualisation
  • ERP system customisation for tax reporting purposes

Customs

  • Reconciling data of any kind (e.g. reconciliation of customs vs. accounting vs. actual balance of material consumption)
  • Customs data analytics

Transfer pricing

  • Transfer pricing data analytics

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