- Tax functions now heavily rely on technology, and a Head of Tax Technology is needed to oversee the department’s technology strategy.
- A tax technology roadmap is necessary to ensure that the strategy is implemented correctly and to prevent distractions from irrelevant products.
- The roadmap should balance importance and impact and include quick wins, strategic projects, and keeping the lights on.
- The process involves identifying gaps between the current state and the ideal future state, scoping out solutions, and avoiding unnecessary spending.
- The roadmap’s execution requires close monitoring, securing funding, and regular senior leadership discussions.
Source KPMG
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