Carmel Moore and Paul Clinton consider how the in-house tax department can be actively involved in finance transformation initiatives, plus Patrick Skidmore explains how it worked for the Vodafone Group
In the context of a still-fragile world economy multinationals continue to pursue aggressive cost management agendas. Companies need a responsive finance operating model that can keep pace with the challenges of a global marketplace and expansion into emerging markets and so finance transformation continues to play a crucial role.
However this new operating model can sit uneasily with the increasing global demands for fiscal transparency and escalating regulatory requirements.
Finance transformation tends to focus on four important areas:
