Innovate Tax unveils revolutionary tax data management suite TaxMaster™.
| Published date | 16 April 2024 |
M2 PRESSWIRE-April 16, 2024-: Innovate Tax unveils revolutionary tax data management suite TaxMaster™
(C)1994-2024 M2 COMMUNICATIONS
RDATE:16042024
BOGNOR REGIS, UK - Innovate Tax today announces the launch of its new, unique offering for enterprise IT and tax teams, TaxMaster(TM); a master data cleansing service designed to drive global compliance in the era of tax digitalisation.
TaxMaster(TM) incorporates a three-stage process carefully designed to scrutinise, cleanse and then manage existing and newly captured tax data, driving users towards automated and continuous compliance with the latest digital regulations including for e-invoicing.
It is the first time global tax teams have had access to a full service offering for mending, maintaining and managing their master data; indeed, TaxMaster(TM) has been built upon the principle of empowering tax professionals to audit, engage and enrich data.
Andrew Bohnet, Founder and Managing Director at Innovate Tax, says: "TaxMaster(TM) is the first service of its kind to go beyond simple data checks and reports to provide real value to businesses seeking to eliminate the risks that typically emerge from poor quality tax data.
"Having spent more than 10 years extolling the virtues of comprehensive, accurate and complete master data, we are delighted to be able to go further than ever before in helping our clients to not only understand how data underpins every aspect of managing tax, but also to actively support and power their route to greater visibility, understanding and cleansing of that data."
TaxMaster(TM) is a disruptive response to traditional API-based services; the industry's first truly end-to-end solution, providing a governance and risk management audit tool, automated direct email outreach campaign facility, and technology-driven data appending services - specifically for tax data.
In recent years, there has been a sharp shift towards accountability in data integrity for businesses and tax teams, directly attributable to the emergence of digital initiatives such as the EU's VAT in the Digital Age (ViDA) proposals, as well as many of the rapidly increasing number of global e-invoicing mandates. As a result, many businesses continue to face struggles to adapt tax compliance processes yet are still expected to be able to demonstrate conformance and adherence to the regulatory changes.
In the quest to achieve compliance, modern tax teams must pay particular attention to the accuracy and validity of...
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