Involving cross-functional teams, like IT and finance, is a must. They can help ensure the new tech integrates smoothly with your existing systems and can spot any potential compatibility issues. And when they collaborate with finance, it ensures that the tech investments make sense for the company’s financial and compliance needs. Regular training and clear communication are also crucial. You want to make sure everyone feels comfortable with the new tools and understands why they’re important.
Dedicated tax technology managers play a huge role in all of this. They act as the bridge between the tax department and other units, making sure the tech solutions are a perfect fit. They can also develop a strategic roadmap for implementation, set up metrics to track how well the new tech is working, and lead efforts to keep improving and adapting as technology evolves.
To dig deeper, visit the original article on the Thomson Reuters blog.