tax technology,tax function transformation

Tax, Audit and Accounting

The tax industry today, is undergoing a major transformation due to the increasing volume of data that is stored, exchanged and maintained. Data analytics and management have an increased role to play in the current tax environment. Hence, tax departments are investing an average of 5% of their operating budget in tax-related technology solutions. The new digital tax function is moving at a greater pace to enable real-time access and analytics of the information. At Hexaware, we can help organizations use data analytics to make data-driven decisions using our innovative solutions and deep domain expertise.

Our service and solution portfolio for tax firms include:

Market facing / Front office solutions

  • Tax Engagement Management Platform
  • People Mobility Tax : Integrated Mobility Services Platform

Back office / Corporate solutions

  • Business Process Services
    • Experience Management
    • Transactional Management
  • Robotic process automation
  • Enterprise Solutions

Implementation and Support of

  • Salesforce
  • Workday
  • MS Dynamics
  • NetSuite
  • SAP
  • Oracle
  • New World Infrastructure Management

Audit firms are amidst major digital transformation. It is believed that Certified Public Account(CPA)s will show AI competence by 2019. With increasing demand to comply with financial reporting and accounting standards, like International Financial Reporting Standards (IFRS), growing risk of cybercrimes and frauds and continuous need to collaborate and analyze data, audit firms are looking for digital tools to address these challenges.

At Hexaware, we know how audit firms can use technology to automate some of their business processes, to reduce their operational cost and deliver greater value for their clients. Hexaware’s years of experience in this domain has helped clients with improved audit quality and fraud investigation.

Our service and solution portfolio for audit firms include:

Market facing / Front office solution

  • IFRS Compliance Platform
    • Revenue Recognition
    • Lease Accounting
  • Global Audit Product
  • Regulatory and compliance product

Back office / Corporate solution

  • Business Process Services
    • Experience Management
    • Transactional Management
  • Robotic process automation
  • Enterprise Solutions

Implementation and Support of

  • Salesforce
  • Workday
  • MS Dynamics
  • NetSuite
  • SAP
  • Oracle
  • New World Infrastructure Management

The business landscape of accounting is expected to shift significantly with evolving technology. According to a study, there is 97% probability of accounting will be automated in the coming decade. Firms face new challenges like faster information sharing and delivery between teams, delay in gathering information for making decisions, decrease in tax reporting errors and costs associated with the process.

At Hexaware, we can help clients to automate their processes to reduce operational cost and streamline business processes.

Our service and solution portfolio for accounting firms include:

Market facing / Front office solution

  • Global Project Delivery Platform
  • Financial Benchmarking product
  • Project Management playbook
  • Independence Risk Advisory product

Back office / Corporate solution

  • Business Process Services
    • Experience Management
    • Transactional Management
  • Robotic process automation
  • Enterprise Solutions

Implementation and Support of

  • Salesforce
  • Workday
  • MS Dynamics
  • NetSuite
  • SAP
  • Oracle
  • New World Infrastructure Management

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