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Tax and finance transformation programmes

The way that tax interacts with Finance Transformation programmes is changing rapidly from being a peripheral end-user to being a key business partner. Rachel Taylor examines the drivers for this change and what Tax Directors should be considering in relation to their own Finance Transformations

The drive to find cash and efficiency savings and to integrate diverse business and finance functions following a merger or takeover (especially where this involves multiple jurisdictions and diverse business sectors) is leading to increasing number of businesses undertaking finance transformation programmes.

These programmes can cover a broad spectrum of activities including implementation of a new ERP (Enterprise Resource Planning) system (such as SAP Oracle PeopleSoft) finance process improvements business model enhancements establishment of a Shared Service Centre or post-merger integration changes.

The demand from the Board for strong return on investment for such programmes has never been greater....

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