There is a growing requirement for tax professionals to use digital reporting, e-invoicing and e-filing, enabling the tax function to become more efficient as part of organizations’ wider digital transformation programmes. The tax function is also being tasked with adding value by gathering, processing and reconciling data swiftly and helping to decrease the tax cost and mitigate risk for their organization.
The key challenges for tax professionals include:
- To do less with more: There’s a need for the tax function to apply technology to achieve many of the same goals of the past, but with fewer resources
- Understanding complicated tax legislation; regulations are continually being updated and these are hard to follow and act on for the tax function
This is where BRYTER comes in.
Tax professionals leverage BRYTER to assess tax implications and applicable requirements by building digital tools that are packaged as easy-to-use self-service solutions for clients. With BRYTER, complex legislation is converted into an intelligible diagrammatic form. Tax professionals can capture rules sourced from hundreds of pages of legislation to provide an easy-to-follow guidance application or risk assessment for clients.
Here are some of the key ways BRYTER can help tax professionals:
- Self-service offering: Convert lengthy forms and communications into digital self-serve tools for clients to streamline processes and services while capturing all information in a structured and automated way.
- Gateway for complex legislation: Build tools that help clients understand and navigate through the complex landscape of new tax legislation. Automate processes: Use interactive questionnaires to auto-fill complex forms and minimize human error to increase efficiency.
- Scale internal knowledge: Use interactive and easy-to-use BRYTER applications to enable knowledge sharing across departments and in interaction with other areas of the business for a more integrated client service.
BRYTER offers the following benefits for tax professionals:
- More accessible guidance: Create rule-based applications that guide clients through complex legislation to provide more manageable guidance and information
- Improved knowledge sharing: Leverage automation to offer consistency in the way you service clients and enable all areas of your business to participate in knowledge sharing.
- 24/7 service delivery: Self-service tools enable 24/7 access and provide your clients with tax services at their fingertips.
- Become data-driven: Get holistic insights into users’ interactions with the tools you build to consistently provide better services for your clients.