Even before the events surrounding the COVID-19 pandemic hit global markets, finance had been under significant pressure to transform beyond simply executing transactions, to ensure cashflow and become a partner in delivering intelligence across the business.
Today, this challenge has only become more acute.
Many organizations are looking for new areas through which to drive not just savings and efficiencies but also value-add. Statutory reporting and tax compliance have both emerged as strong candidates for centralization and delivery through a global technology platform, with modern solutions able to overcome many of the concerns that historically limited the assimilation of these processes.
The truth is that at a time when business support services are increasingly being integrated into global service delivery models, statutory reporting and tax compliance risk falling behind.
This report leverages the results of a recent survey of executives in the APAC region. It highlights finance practitioners’ priorities in terms of performance, investments, and results, and exposes critical gaps that are impacting the ability to optimize end-to-end performance.