Navigating AI and ERP Transformation in the Tax Function: One Approach or Two?

Our EY Tax.Tech™ webcast series is dedicated to helping you keep pace with the dynamic and ever-evolving tax technology landscape. We have been charting what it takes to build an intelligent finance and tax function – from transformation strategy to the latest technologies and applications.

The conversation around artificial intelligence (AI) has reached a fever pitch, with organizations increasingly recognizing AI’s potential to drive effectiveness and efficiencies across various functions. In parallel, companies are undertaking major replatforming exercises of their enterprise resource planning (ERP) platforms to take advantage of next-generation capabilities and transform business processes.

Tax functions, faced with limited resources, organizational transformation initiatives and the ever-increasing demands of “the day job,” face a series of pressing questions about where they should be focusing their efforts:

• What is the ‘real-world’ readiness of these new technologies as they apply to tax?
• How can tax leaders help prevent their organizations from making decisions that hinder technology transformation?
• How much can tax functions rely on AI to address historically poor data quality in the future?
• Are there conflicting views on the future, or can the tax profession define an integrated tax technology approach?
• Are there short-term wins to be achieved by tax while aligning with the longer-term organizational approach to AI?