No two businesses will have the same tax transformation journey.
BDO's Tax Transformation Guide outlines how middle market companies can transform their tax practice to navigate the increasingly complicated web of tax laws and regulations, increase the tax department's adaptability and help gain insights to inform and drive business strategy.
BDO developed this Tax Transformation Maturity Continuum to help companies assess where they are in the transformation process, identify areas of improvement, and begin to develop a strategy to transform their tax departments.
Real-time monitoring &
BDO's Tax Transformation Guide
Holistic view of total tax liability
Siloed tax function
Centralized tax data warehouse
Tax accounting, reporting, and compliance requirements are becoming increasingly complex.
To navigate these changes and increase efficiency,
tax departments should leverage technology-backed process and solution improvements.
Transforming your tax department can
increase operational accuracy, provide
actionable insights, and strengthen the
department’s position as a strategic
driver of revenue.
No data management strategy
Higher-level automation tasks
Enhanced reporting capabilities
storage & sharing
Predictive modeling capabilities
Limited transparency &
Manual data entry
Automation of data entry
& routine processes
Tax data portals
Learn more in
Automated document & workflow management
But these changes
don’t happen overnight.