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  • Around the world,

  • tax authorities now require businesses to provide tax information in standard electronic formats.

  • They use analytical technologies to review the data,

  • plan their audits, and carry out enforcement.

  • A proactive approach to Tax Analytics can help address this growing area of tax risk management.

  • Deloitte is leading the way by helping clients through this transformation.

  • We take a broad approach to Tax Analytics, leveraging data and initiatives from across the business.

  • We show you how to use that data to create insights,

  • make fact-based decisions, improve operational efficiency, and drive strategy.

  • Analytics allows you to think differently about tax issues.

  • It lets you use large amounts of very granular data in new way.

  • This leads to more fact-based decision making for both tax planning and tax risk management.

  • Deloitte's approach emphasizes the use of common data sets and visualization tools.

  • This helps you draw together multiple areas of the business and leverage information in new ways.

  • Our approach is a sort of hub-and-spoke type of system,

  • where different departments can access a central data source for all their tax information.

  • This eliminates silos, increases data accuracy, and increases transparency across the organization.

  • Deloitte's approach also focuses on operational efficiency,

  • with greater access to granular tax data and by visually depicting trends,

  • you can highlight potential tax opportunities and risks, much faster.

  • One of our Deloitte clients was reviewing vendor invoices on a monthly basis over a certain threshold,

  • the effort that this took included requiring two people,

  • two weeks of each month.

  • With tax Analytics, the effort to review every transaction for that company has been reduced down to just a few hours.

  • Deloitte is a recognized leader in Analytics with proven ability to execute.

  • We have tax technologists around the world who specialize in tax data extraction and analysis.

  • A remarkably diverse group of non-tax Deloitte professionals also bring relevant knowledge, skills, and experience.

  • Increased globalization, new regulatory demands, and evolving technology

  • are driving businesses to transform today.

  • Tax Analytics can help you navigate this complex environment.

  • For more information visit our Tax Analytics website.

Around the world,

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Deloitte Tax Analytics

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    Chris Lyu posted on 2018/09/29
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