Taxpaying and management, the primary responsibility of all legal persons, is turning complicated and thus, consume prodigious parts of energy and time of organizations. Almost all the entities in the business realm, irrespective of their size and financial advantages, are being overwhelmed by the increasing number of management related complex tasks such as payroll, scheduling, preparing and reviewing tax calculations, estimating and reporting accruals, and referral tracking which in fact, hinder their overall productivity and competitiveness. After exhaustive searches for comprehensive solution, it becomes obvious that legacy methods, which drown into the history, would not be able to address the increasing needs of the organizations. Setbacks of traditional methods, escalating yell of organizational managements and the increasing operational complexities due to administrative constraints have paved the need for a comprehensive innovation in this regard.
Realizing the voluminous scope in this arena, several software developing corporation diverted their focus towards tax technology which can fulfill the needs of the corporate realm. The primary emotion behind this innovation is to assist the managements to carry out their activities without hassles. Tax industry is in fact, revolutionized with the induction of new innovations into its functional dimensions. Additionally, RPA, machine learning and AI have wider possibilities in tax technology landscape and innovation labs of the entities have already achieved halfway to a full-fledged technology-driven solution in this regard.
In the last few months, a distinguished panel comprising of CEOs, CFOs, VCs and analysts, along with CFO Tech Outlook’s editorial board reviewed and shortlisted the top companies that are at the forefront of delivering turnkey Tax Technology Solutions. We present to you CFO Tech Outlook’s “Top 10 Tax Technology Solution Providers - 2018.”
