This article explores how the AI technologies are utilized to automate and improve the efficiency of tax processes, providing a comprehensive solution for organizations aiming to streamline their tax operations.
Establishing Centers of Expertise: Strategic Value in Efficiency, Innovation, and Digitalization
One effective strategy that has gained significant traction is the establishment of Centers of Expertise (CoE). These centralized hubs of specialized knowledge and skills create substantial strategic value, driving efficiency, innovation, and the digital transformation of business processes.
The 24-Hour Countdown: A Method for Enhanced Productivity and Well-Being
This article provides a comprehensive overview of the 24-hour countdown technique, highlighting its methodology, benefits, and applications. By implementing this technique, individuals can gain valuable insights into their daily routines and make informed decisions to enhance their productivity and overall quality of life.
The Change Enables Stability
The relationship between change and stability is a complex but essential aspect of successful transformation programs.
Reporting Methodology: Asking The Right Questions
Despite the abundance of data, many business leaders struggle to achieve the desired outcomes in terms of cost, time, benefits, quality, and risk management.
"Be Useful: Seven Tools for Life" – Seven Tools of Transformational Leadership
This book is not just a memoir but a guide to transformational leadership, offering seven essential tools that can drive significant change in both personal and professional realms.
Strategic Reframing in Tax Function Processes and Operating Models
In the contemporary business environment, characterized by turbulence, uncertainty, novelty, and ambiguity (TUNA), traditional tax function processes and operating models are increasingly inadequate.
Leading the Transformation Programme
Leading a transformation programme is a complex and multifaceted endeavor that requires a blend of strategic planning, effective team management, and adaptive execution. Successful transformation programme is characterized by their ability to align diverse stakeholders, mitigate risks, and deliver on ambitious goals.
The Coaching: Empowerment with a Human Touch
What makes coaching so magnetic, and why are people flocking to it faster than they do to the latest viral dance trend? Let’s dive into the logic (and sprinkle in a bit of humor) behind coaching’s growing appeal.
New Year’s Resolution - Strategic Roadmap to Steer the Tax Function
In the ever-evolving landscape of corporate governance, the tax function plays a pivotal role in ensuring compliance, optimizing financial performance, and supporting strategic business decisions. Developing a strategic roadmap for the tax function involves a comprehensive approach that integrates various elements and stakeholders within an organization.
The Symbiotic Relationship Between Leaders and Culture
In the intricate dance of organizational dynamics, the question of whether leaders shape culture or are shaped by it has long been a subject of debate. This relationship is not merely a one-way street but a complex interplay where both elements influence and mold each other.
Maturity Models for the Tax Function
Corporate tax functions need constantly ensure tax compliance and grow in their maturity as technology evolves.
Tax Function Excellence and Artificial Intelligence Models
The transformative potential of artificial intelligence (AI) within the tax function has become undeniable. From processing thousands of transactions with near-perfect accuracy in seconds to facilitating strategic decision-making, AI is reshaping the way tax professionals operate.
Tax Functional Excellence – Tax Planning and Tax Management
In the realm of corporate finance, tax planning and tax management are essential components of a globally efficient tax function. Both components complement one another and draw on interconnected data sources, though they serve distinct roles within a business’s overall tax strategy.
The Role of the Global Tax Process Owner
In today’s complex and interconnected business landscape, the role of the Global Tax Process Owner (GPO) has become essential, especially in large multinational corporations. While companies of all sizes and industries can benefit from tax process oversight, global tax process ownership is particularly valuable in organizations that operate across numerous geographical locations and business units.
Tiering System and Corporate Function Operating Model
Let’s begin by looking at lenses we can use from market and business complexity categories to analyse the data, define the tiering system and drive insights into the targeted operating and sourcing model.
Project-Based Operations: A Cornerstone of Global Business Services
In the evolving landscape of Global Business Services (GBS), a significant paradigm shift is evident as these organizations increasingly adopt project-based or project-oriented operational models.
Steering Transformation Programmes: Techniques for Effective Leadership
Transformation programmes are complex, multifaceted initiatives that require careful planning, strategic vision, and adaptability. Leading such programmes involves making critical decisions that can significantly impact the success of the transformation. In this article, we propose a few scientifically grounded techniques for making better choices when steering transformation programmes: 1) zoom in and zoom out 2) seek an outside frame of reference 3) reframe the situation and 4) be ready to pivot.
Scorecard – A Strategic Map to Steer Global Business Services
How should leaders within Global Business Services (GBS) navigate the strategic evolution of their organizations? The implementation of a scorecard as a strategic framework provides a comprehensive approach to steer the GBS organization. This framework elucidates the governance structure of the GBS organization, assesses the performance of process owners, and clarifies the prioritization of objectives.
Global Business Services Partnering Operating Model
For over two decades, organizations globally have leveraged shared services to optimize processes, enhance controls, and reduce costs. While these benefits remain relevant, the expectations for leading Global Business Services (GBS) organizations have significantly increased. Mature GBS organizations now provide strategic value in specialized areas such as tax compliance, statutory reporting, project controlling, and credit management; alongside strategic initiatives in project-based operations, change management, and innovation, beyond traditional cost and operational efficiency gains. Consequently, key stakeholders and business partners perceive GBS as a strategic ally rather than merely a transactional processing center. With the maturation of GBS, the Partnering Operating Model is becoming increasingly strategic.