Do you have confidence in your data? A workflow engine can give you a methodology for owning and managing your tax data so that its value and validity increase as it travels across the tax lifecycle. The more your data is validated across the different systems in a tax workflow engine, the more confident you can be that it is valuable and accurate.

According to the Thomson Reuters Institute’s 2026 Corporate Tax Department Technology Report, nearly two-thirds of corporate tax departments are still operating in the reactive phase of technological development — meaning some processes are automated, but not enough to support truly proactive, strategic tax work.

Many organizations continue to struggle with fundamental challenges around capturing, integrating, and analyzing the data needed to complete their tax computations. Source data is typically stored in multiple enterprise resource planning (ERP) systems — and some of that data may be missing. Tax teams may also use manual processes and spreadsheets to collect and analyze data.

To dig deeper, visit the original article on the Thomson Reuters blog.