From burden to business enabler
How one company automated 80% of its tax compliance processes
Tax compliance is a strategic business issue that must evolve with the shift to digital, the increase in regulatory obligations and the need for operational resilience.
It is not just a cost of doing business. Each compliance data point tells a story, and our approach proactively turns that data into meaningful insights that help to guide decision making. Driven by data and technology, we are transforming compliance into a forward looking, strategic activity that enables organisations to gain significant competitive advantage.
Against a backdrop of uncertainty and disruption, our approach is built to withstand change, is globally consistent and provides clients with peace of mind.
Companies around the world are feeling ever-growing pressure to control costs, improve efficiency and meet demands by tax authorities for greater data transparency.
For one company, that challenge was especially difficult. Operating across more than 100 countries with different tax regimes, it relied on a complex mix of data gathering methods, in-house tax professionals and outsourced services.
Find out how our tax technology experts helped the company automate 80% of its tax compliance processes and reap many benefits along the way including cost savings, better efficiency, greater accuracy and the ability to make more insightful, strategic and data-driven decisions for the business across all of its global locations.
ZEISS has been a client of PwC Germany’s tax and legal services team since 2013. In September 2020, PwC started using the firm’s newly-launched Engagement Center (EC) compliance platform to help ZEISS simplify its global compliance obligations.
With multiple business units in different countries, the company needed a clearer line of sight into local compliance issues in a rapidly evolving global regulatory landscape.
In 2016, AT engaged PwC to develop its digital and customer strategy in order to transform the company from an engineering business into a world-class customer-centric organisation. Over the past five years, PwC has helped AT roll out ‘Customer Central’, an ongoing programme with a core objective to ‘build better, customer-centric digital solutions faster’.