Leading corporate tax teams are leveraging AI, enhanced data, and empowered talent to transform tax functions into strategic intelligence engines. To succeed, organizations should prioritize three key principles:
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Data Readiness: Clean, organized data is crucial before AI implementation. Without a solid data foundation, AI tools won’t deliver results. Tax departments should ensure data accuracy and accessibility to maximize AI potential.
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People-First Innovation: Effective use of AI relies on skilled professionals. Curiosity and continuous learning are essential traits for tax professionals to thrive in an AI-enhanced landscape. Emphasizing collaboration between humans and machines will foster judicious judgment and strategic decision-making.
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Cross-Functional Partnerships: Successful AI adoption requires collaboration across tax, IT, and external advisors. By working together, teams can address pain points effectively and integrate AI in a manner that complements existing processes.
Embracing these principles positions tax departments to thrive amid ongoing technological transformations.
