Tax technology

Authorities are increasingly going digital through initiatives such as Making Tax Digital (MTD), Country-by-Country Reporting (CbCR) and Pillar 2, and the Common Reporting Standard (CRS), along with new policies requiring increased transparency and data sharing.

The burden is on finance departments to supply, extract and integrate increasing volumes of data – alongside the day job.

Digitalised finance and tax administrationcan capitalise on technology advancements to give control over data and processes.

S&W’s technology experts have extensive experience translating finance and tax requirements into technology-enabled solutions across a range of  services:

• Establishing technology and automation strategies
• Conducting process reviews and recommending potential technology improvements to streamline processes
• Scoping, selecting and implementing software applications – or helping build solutions where there is a gap in the market
• Designing and deploying process automation routines
• Generating financial and tax insights through data analytics and data visualisation

Our structured and connected approach helps businesses develop logical processes to facilitate their finance and compliance processes, saving time and minimising risk. We tailor solutions to your processes, avoiding disruptions to the finance function and enabling incremental improvements to add value.

We deliver efficient workflows that reduce key person dependencies and help automate reporting, tax, accounting and entity tracking to allow personnel to focus on other tasks.

High performing and future proof tax functions are critical to business success. Technology simplifies compliance with complex regulatory reporting requirements and enables effective, efficient and accurate responses to business and legislative challenges.

Tax technology can empower your business:

• Making compliance processes efficient, accurate and streamlined
• Mitigating risks and providing a clear audit trail for your tax provision, compliance and planning processes
• Optimising outputs from your tax or finance departments
• Providing a clear and current understanding of your total tax liabilities

A digitalised tax and finance function will provide a standardised data structure and architecture, improved data quality, and the capability to run detailed data analytics and visualisations. It enables process automations and the integration of technologies such as cloud capabilities and application programming interfaces to seamlessly gather and transfer data. And it powers governance dashboards and workflow management for more efficient businesses and better decisions. 

The legislative landscape and reporting requirements are constantly evolving, and technology platforms continually change. We help our clients keep the technology and solutions compliant and current while minimising costs, disruption and demands on their resources.

Where required, we support clients through multiyear transformational projects, but we also help identify and implement the small steps and minor changes that can deliver value, without adding major costs: The process improvements and enhanced functionality that benefits finance functions day to day and smooth the journey to a digital future.