Untangling the data management process
Not all tax data warehouses are the same.
July 26, 2012
Emerging tax data warehouse technology is poised to provide a quantum leap in risk reduction and transparency. But all tax data warehouses are not the same, with vital differences and strengths originating in how the technology is architected.
At the same time, tax professionals tasked with researching and evaluating emerging tax data warehouse technology often lack the IT savvy to understand key differences in the various options. Yet, understanding the technological approach is vital to finding a solution that truly meets their company’s tax needs.
Understanding that an effective tax data warehouse has certain basic requirements (accurate, open, flexible, and auditable), makes it easier to evaluate the varied approaches to building a tax data warehouse and how they impact the tax function and company overall.
A closer examination of the current technology landscape reveals four distinct approaches that tax professionals should understand, both in how they’re built and how they impact the organization:
Each of these approaches is best understood in how it fits a company’s needs based on:
This white paper is designed to help tax professionals understand the complexities and claims of tax data warehouses, and takes a deeper look at how each approach fits a company’s needs.For more, download the white paper Untangling the Data Management Process
As director of Tax Data Management & Intelligence for Vertex, David Deputy brings over 20 years’ experience in ERP, tax analytics, and business intelligence software solutions. Prior to joining Vertex, Deputy was senior product manager at Liquid Engines and lead product manager at Oracle for its financial consolidation solution. Deputy holds an MBA from Cornell University and a finance degree from the University of Florida.