As part of their core duties, tax departments can show that a VAT analysis will find uncaptured VAT credits, providing an immediate boost to a company’s bottom line. However, a VAT analysis can also improve the quality of VAT processes and accessibility of data throughout a company, even for nontax functions and processes.
Tax professionals can show that VAT reviews also empower company leaders to bolster their business in a myriad of ways: strengthen their supply chains, turbocharge their financial planning and analysis (FP&A), improve their merger and acquisition (M&A) strategies, and streamline processes throughout the organisation, to name a few.
- Boosting the Bottom Line by Catching Overpay
- Supply chain efficiencies
- Financial planning and analysis
- M&A advantages
- Talent recruiting and retention
- Collaboration advantages
Source: Ryan
