Global Tax Management 2023 – Benchmark Report

⇨ Explore the profound implications of global tax regulation changes on multinational corporations and the methods they employ to adapt.

⇨ Gain insight into how organizations harness digital technologies such as SAP S/4HANA and cloud-based tax management systems to navigate the intricacies of the tax landscape.

⇨ Assess your company's performance relative to industry standards and identify best practices in areas like automation, shared services, and resource allocation for regulatory changes.

In this report:

SAPinsider explores the evolving priorities across various aspects of taxation and technology, leveraging community insights that highlight the pivotal role of digital transformation in finance and tax functions. This is enabled by initiatives such as SAP S/4HANA migration, automation, and AI/ML. The report scrutinizes how organizations have recalibrated their global tax management strategies in this dynamic operating landscape.

With the swift evolution of global tax regulations, control and governance challenges have emerged as the main concern for businesses. 51% identify it as a significant issue, pointing to an increasing struggle to maintain compliance in a multifaceted tax environment. While more SAPinsider organizations plan to adopt third-party tax engines, seamless integration with ERP and other applications remains a stumbling block, impeding utilization and alignment of tax management with business systems.

Budget constraints concerns have decreased significantly from 30% in 2021 to 13% in 2023, indicating a shift in focus towards rectifying structural and operational inefficiencies in tax compliance. For companies employing SAP financial systems, it’s imperative to ensure seamless tax function integration, which includes providing real-time access to reliable, tax-sensitized data and leveraging advanced tax determination logic. As tax compliance transitions from legacy ERP environments to cloud-based systems like SAP S/4HANA Cloud, addressing these integration challenges and prioritizing control and governance over tax processes becomes increasingly essential.

Download the benchmark report to read the full data analysis from 128 members of the SAPinsider community and receive recommendations for your global tax management plans.

• Explore the top factors driving Global Tax Management strategic priorities in 2023
• Learn what regulatory updates most impact the workloads of tax teams at SAP organizations.
• Understand the challenges organizations face integrating ERP and applications with a global tax engine.
• See what applications and tools organizations adopt to enhance automation across the indirect tax lifecycle.

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