Why Tax Departments Should have Integrated ERP and Software Systems
Tax departments increasingly face data management challenges, from high volumes of data in varied and inconsistent formats to complex business logic required to move data from source to destination, and all the while many continue to manipulate data manually which is time-consuming and error prone. On top of that, regulatory changes implemented with the CARES Act passage and those anticipated under President Biden’s tax plan highlight the need for tax & accounting systems to be prepared for anything, yet many of them are not. These challenges in large part stem from having systems that are not integrated with the company’s ERP tools or compliance software, requiring manual data entry to synchronize all tax data. Join Bloomberg Tax & Accounting to learn how these challenges can be effectively managed with the right tools and system integrations in place.
- Understand how integrated ERP systems and software can benefit tax departments
- Identify areas in your tax process that are at risk
- Learn the types of tools that will help you mitigate risk and manual data entry
- Gain insight into how integrations can help manage regulatory changes