Global regulatory pressures, changing tax laws and accounting standards, and increased demands from tax authorities are adding stress to already burdened tax departments. This new reality demands that tax departments provide input to transitional enterprise resource planning (ERP) implementations from start to finish. However, the “KPMG Tax Reimagined 2022: Perspectives from the C-suite” survey found that 52% of C-Suite execs said their organizations are not using tax data effectively to inform business decisions or plan around tax policy. Additionally, as companies move forward with Environmental Social Governance (ESG) reporting, reporting on global taxes paid has become a big challenge for the office of the CFO.

If CFOs promote tax planning (not just tax accounting) throughout the entire lifecycle of ERP implementations or finance transformation they can optimize tax processes, improve costs, increase agility, and unlock business value. The business case is straightforward: incorporating tax requirements into ERP systems has positive implications for the rest of the business, including cash tax savings that could be used offset or fund part of the transformation. And, with budgets flat or shrinking, CFOs should advocate for the right balance of technology and people to address these issues. So, where do they start?

Join KPMG, IBM, and a group of finance professionals/executives to discuss your challenges in this space, as well as how to optimize tax processes, improve costs, increase agility, and unlock business value through finance transformation.

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

About IBM

IBM is the global leader in business transformation through an open hybrid cloud platform and AI, serving clients in more than 170 countries around the world. Today 47 of the Fortune 50 Companies rely on the IBM Cloud to run their business, and IBM Watson enterprise AI is hard at work in more than 30,000 engagements. IBM is also one of the world’s most vital corporate research organizations, with 28 consecutive years of patent leadership.
Above all, guided by principles for trust and transparency and support for a more inclusive society, IBM is committed to being a responsible technology innovator and a force for good in the world.

For more information about IBM visit: www.ibm.com

About KPMG

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We have 227,000 outstanding professionals working together to deliver value in 146 countries and territories. With a worldwide presence, KPMG continues to build on our successes thanks to clear vision, defined values and, above all, our people.

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