Surveys are alarming
Benchmark surveys |
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Benchmark
Benchmarking provides objective evidence. It can show whether or not you have achieved your objective set such as a 'mature' tax function' or make visible what needs to be done to make that happen. It might provide the extra arguments to realize change and get buy-in.
Benchmarking yourself against your peers
If indirect tax risks are truly that high, then shouldn’t it receive more attention from the CFO?
My own road trip
How I started simply by 'sharing my views' and 'take position'
At Andersen around 2000, I discovered that my advice about VAT cash flow optimization was wrongly implemented in the ERP system resulting in a cash flow disadvantage for many years. That was my eye opener and was actually the reason that I set up as one of the first a team with a focus on ERP and indirect tax solutions.
Understanding the root cause and solving the real problem became from that moment on my mantra and I also started to write and share my views. Certain views - looking back - can now be argued, but that is exactly the reason why I am sharing these articles as it simply shows my way of thinking at that time and gives some insight about developments.
The Andersen team continued when we moved to EY. We branded the service offering in 2002: 'ISIS' (Indirect tax Solutions for Information Systems). In hindsight not really a good name.
VAT ERP remains still an important VAT critical process to manage, however it is only one of the building blocks of indirect tax function effectiveness. The launch of this website has taken it a step further as all of its building blocks are addressed and discussed. I refer to the 'Tables of Contents'.
2005 - 2012
A selection of my first publications
- Indirect tax function effectiveness
- Framework requires targeted action
- VAT error could wipe out company’s annual profit
- Proving the reliability of accounting records for tax purposes
- Dealing with VAT matters is a job for experts
- The intersection of VAT and shared service centers?
- M&A integration and indirect tax: managing the moving parts before, during, and after a transaction
- Is Google the adviser of the future
- Pitfalls of actual to budget exercises especially in the downturn