With the digitisation of tax processes and the implementation of GST in India, companies maintain and provide transactional level data digitally. To ensure maximum tax compliance and efficiency, this data must be analysed and visualised on time to make better data-driven decisions which affect the company’s financial results.
Our Tax Analytics platform analyses large volumes of financial and tax data directly from the Tax Data Lake to identify patterns, trends and anomalies that can help organisations optimise their tax strategies, minimise risks and ensure timely compliance with tax regulations. The Tax Analytics platform can provide insights into tax planning, forecasting, compliance and risk management, helping businesses to make more informed decisions and reduce their tax liabilities.
The Analytics tools provided by BDO India are:
- Corporate Tax Analytics
- GST Analytics
- CFO Dashboard
- Vendor Analytics
- Finance Analytics
- Sales Analytics
How our Analytical tools can help businesses:
- Tax integrated – Integrated with Tax Data Lake and analysis can be performed in T+1 days
- Powerful reports and dashboards – Dynamic and interactive dashboards enable users to drill down into the information using guided navigation. Easy-to-understand performance metrics and reports, on-the-fly analysis of underperformance or disturbances
- Tax liability insights – Ability to graphically view counterparty filing status. Identifies vendors consistently not filing their GSTR1 and highlights the companies ITC. Identifies IGST, CGST, SGST and Cess across multiple GSTN registrations to manage set-offs correctly
- Digitised smarter tax function and efficient tax management – Tax compliance monitoring and tax optimisation improve issue identification and decision making, working capital and tax payment management, control of end-to-end compliance process and predicting earning, sales and tax impact
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