Applying robotics to streamline tax accounting

Baker Tilly Global Tax Solutions assisted a Fortune 500 global client with its annual Tax Provision exercise across various entities globally within a short timeframe.

Following this exercise, we recommended process enhancements that aligned with the client’s expectations. We later identified the potential to implement an Robotic process automation system within the process to improve the level of information gathered, resulting in a reduced time cost and lower risk of human errors whilst increasing the focus on reviewing and completing the returns in a timelier basis.

Due to the increase in the demand for such services, we believe that RPA tools are a highly valuable asset not only for the Baker Tilly Global Tax Solutions team, but also for the global clients we serve within the Baker Tilly network.