WHAT IS DIGITAL TRANSFORMATION?
The compliance tracker could be your way into the digital transformation, the way to organize the big box of building blocks and build a connected, efficiently run, scalable and secure house.
Do you want your tax department to go through a digital transformation, but you don’t know
where to start? Let us help you define your Tax Technology roadmap.
In order for us to help you go through a digital transformation, you should understand a few things:
People-Process-Technology needs to be synchronized
Digital transformation is a long-term view, quick fixes (standalone applications) don’t help you
A digital transformation is continuous and a mindset, it doesn’t stop after implementing a few applications
Building a house of blocks
WHY PEOPLE-PROCESS-TECHNOLOGY HAS TO BE IN SYNC
If one of the three elements lack digitalization, it will break the entire cycle, because:
Applications (technology) enable processes to be digitalized
People follow processes
People therefore leverage from technologies implemented improved processes
In the literal sense a process is just a few steps that need to be taken in order to go from A to B. It takes people to execute on those commands in order to go from A to B.
Technology allows people to work more efficient, but it will never replace the people. In other words, technology leverages people so they can do more with their time. This makes deciding on the technology type more important to do together with your team, instead of making it a decision from the top, because your team consists of the people that are embracing the technology.
In the case of tax compliance this means: from financial data to a prepared tax return.
MOVE TO A BLOCK APPROACH
People include not just your employees but also other people who are directly involved in your processes and supply chain, i.e. your suppliers and clients. Concerning your in-house tax team you should ask yourself “do we have the right people onboard for a successful digital transformation and/or do they require a mind shift?"
Do you recognize the many applications that have been demoed to you? How many of those have been actually adopted by your team? And how have they been evaluated? Decide which applications to implement to improve your processes. The key is to build a block house using blocks that:
Connect to each other seamlessly
Increase efficiency of data and people’s workflows
Is easily scalable, both bigger and smaller
Secured so nobody can enter unwanted
Let us help you decide which building blocks you should be using. Read here why the Compliance Tracker is a good starting point for your digital transformation.
PLUG AND PLAY
STAY CONNECTED AND SECURE
BECOME SCALABLE AND EFFICIENT
COMPLIANCE TRACKER APP
Use the Compliance Tracker as your starting point for you digital transformation. The Compliance tracker is a mobile app to track your compliance workflows in real-time, anywhere. It allows you to gain insights on global compliance status and pressure on teams. It is a 2-way tracker, giving the power back to the global head of Tax Compliance.
Are you in control?