India, July 11 -- The fast-paced regulatory and economic environment today has been pushing tax teams of organizations to deliver accurate and timely strategic insights, in addition to mandatory tax reporting functions. This has triggered a paradigm shift, from the traditional focus on tax compliance and reporting across various laws and jurisdictions, to donning the mantle of a core contributor and of being involved in the strategic decision-making process of an organization.

Historically, tax teams focused on tax compliance and reporting, with the processes largely being manual. In this context, Revenue authorities have surprisingly been ahead of taxpayers in the implementation of technology in tax and have been the catalyst in adoptio...