Keeping up with tax regulations and being compliant with them is a complicated and tedious process. It reduces efficiency in an organization which in turn impacts productivity. To overcome this challenge, companies approach solution providers that can help them navigate the regulations and automate taxation. As a result, the tax tech market is expected to grow at a CAGR of 9 percent over the forecast period 2022-2030.
The growth of the sector is driven by the need for organizations to be compliant with the laws and regulations of tax authorities. The complex nature of these rules has forced companies to adopt technology and approach tax tech solution providers. With the rapid advancements in technologies like AI, ML, and big data, the market is expected to experience a steady growth.
In this edition of CFO Tech Outlook, we present you with the Top 10 VAT Services Companies - 2022 that are at the front line of innovation in the region’s tax tech arena.
Donald Maher, Vice President, Tax, Mohawk Industries [NYSE: MHK] has shared his viewpoints with CFO Tech Outlook on the various aspects of the industry. Additionally, Synexus Tax Solutions combines its expertise and technology to design top- notch solutions for clients to navigate through the complexities of multistate taxations.
We also bring to you exclusive insights and thought leadership articles by James Welsh, Head of Projects for Finance, Corporate and Institutional Bank & Treasury, National Australia Bank [ASX: NAB], Ted Delgado, Vice President Finance & Controller, Grocery, McLane Company, Inc, and J Douglas Maxwell, Chief Financial Officer, American First Finance, offering their opinions on the currently utilized business practices.
We hope these valuable insights from industry leaders and solutions from leading solutions providers featured in this edition will assist you in making informed decisions for your businesses. Let us know your thoughts!
