Page 4 of 4: Embracing New Technologies and Advancing Capabilities
Page 4 of 4
Embracing New Technologies and Advancing Capabilities
A substantial improvement can be achieved by replacing spreadsheets with advanced technological tools and systems that enhance effectiveness and mitigate risks. It is essential to establish systems and processes that maintain critical data needed for tax-related and strategic decision-making regularly, considering reporting, compliance, auditing, and planning requirements.