Baseline
Level 1
Siloed tax function
No two businesses will have the same tax process and technology evolution.
That’s why BDO developed a Tax Transformation Guide to outline how middle market businesses can transform their tax function to realize valuable time and cost-savings, respond more quickly to new regulatory obligations and shifting market forces, gain insights to inform business strategy and make smarter decisions faster.
Learn more in
BDO's Tax Transformation Guide
Manual data entry
No data management strategy
Limited transparency &
information sharing
Data standardization
Automated data entry
& routine processes
Enhanced reporting capabilities
Automated document & workflow management
Centralized tax data
Improved information
storage & sharing
Tax Analytics & Data Portals
Higher-level Automation Tasks
Cross-functional Collaboration
Key Tax Figures Readily Available
Holistic View of Total Tax Liability
KPI Dashboards
Predictive modeling capabilities
Real-time monitoring
& automated alerts
Enhanced
Integrated
Collaborative
Smart
Cognitive
Level 2
Level 3
Level 4
Level 5
Level 6
Tax Process & Technology
INNOVATION CONTINUUM
Tax accounting, reporting and compliance requirements are increasingly complex. To navigate the shifting landscape and increase efficiency, organizations must optimize their tax processes and technologies.
Transforming your tax department can increase operational accuracy, provide actionable insights and
strengthen the department’s position as a strategic driver of revenue.
BDO developed this Tax Process & Technology Innovation Continuum to help businesses assess where they are on their performance roadmap, identify areas of improvement and begin to develop a strategy to reengineer their tax department.
But these changes
don’t happen overnight.
Business Intelligence
Cognitive
Level 6
Predictive modeling capabilities
Predictive modeling capabilities
Real-time monitoring & automated alerts
Cognitive
Predictive modeling capabilities
Real-time monitoring & automated alerts
Cognitive
Predictive modeling capabilities
Real-time monitoring & automated alerts
Cognitive
Predictive modeling capabilities
Real-time monitoring & automated alerts
Cognitive
Predictive modeling capabilities
Real-time monitoring & automated alerts
Cognitive
Level 5
Holistic View of Total Tax Liability
KPI Dashboards
Level 4
Higher-level Automation Tasks
Level 3
Centralized tax data
Automated data entry & routine processes
Level 2
Manual data entry
No data management strategy
Level 1
Artificial Intelligence