15 August 2019 EY article discusses how organizations can improve customer tax reporting requirements The last several years have highlighted challenges in the back-office tax operations function responsible for tax reporting and withholding. In a recent survey EY performed of 47 banks in the US and Canada focused on operational risks, 69% cited data quality issues as the top driver of excess time spent in their operational processes, and less than 50% indicated that they had predictive analytics to help in early identification of potential issues. In this article published recently by Bank News, EY's Tara Ferris, Justin O'Brien and Paul Frasco cover the current climate and discuss how organizations can generate significant change within the customer tax reporting process. Document ID: 2019-1474 |
