Organizations have identified the move to S/4HANA as a critical business driver in creating a more centralized and transparent financial reporting structure. As tax is an essential part of the financial reporting process, success of this strategy will rely heavily upon alignment between tax and IT.
Much like S/4HANA enables an enhanced user experience with increased functionality and flexibility, a modern tax platform puts compliance strategies back in the hands of tax professionals. This ensures that compliance is being driven across multiple jurisdictions while consolidating your tax obligation reporting.
If tax hasn’t been your first or most immediate thought when it comes to designing your S/4HANA migration strategy, it should be. It might just be your best and most dependable ally on the journey.