Top 3 Challenges in Tax and Revenue Collection

3,917 views

Published on

Understand some of the key challenges and opportunities in managing tax and revenue collections in today's digital economy - and learn how SAP Tax and Revenue Management from Invenio can help address these.

Published in: Technology, Business
1 Comment
3 Likes
Statistics
Notes
No Downloads
Views
Total views
3,917
On SlideShare
0
From Embeds
0
Number of Embeds
1,017
Actions
Shares
0
Downloads
77
Comments
1
Likes
3
Embeds 0
No embeds

No notes for slide

Top 3 Challenges in Tax and Revenue Collection

  1. 1. Top 3 Challenges in Tax and RevenueCollection in the digital economy…an invenio business solutions presentation
  2. 2. “The budget should be balanced, the treasuryshould be refilled, public debt should bereduced, the arrogance of officialdom should betempered and controlled”…Marcus Tullius Cicero (106 - 43 B.C.)Roman Statesman & PhilosopherThe challenges of centuries past…still exist today!
  3. 3. …but there’s some NEW challenges(and opportunities)that arise in today’s digital world.
  4. 4. …so let’s take a closer look at how3 specific NEW challengescan be addressed by modern day government.
  5. 5. 1 EASIERtaxpayer-friendly processes…so let’s take a closer look at how3 specific NEW challengescan be addressed by modern day government.
  6. 6. 12 REDUCEDinternal costsEASIERtaxpayer-friendly processes…so let’s take a closer look at how3 specific NEW challengescan be addressed by modern day government.
  7. 7. 1 EASIERtaxpayer-friendly processes2 REDUCEDinternal costs3 IMPROVEDcollections and compliance…so let’s take a closer look at how3 specific NEW challengescan be addressed by modern day government.
  8. 8. OK, SO LET’S GET STARTED…
  9. 9. “How do we make thingsEASIER for our taxpayers?”1Top 3 Challenges in Tax and RevenueCollection in the digital economy
  10. 10. SIMPLIFYReduce the administrative burden ontaxpayers and intermediariesthrough greater use of electronicservices.EASIER…Taxpayer friendly processes1
  11. 11. IMPROVEDeal with customer enquiries more efficientlyand promptly across a number of channels(in-person, telephone, online).1EASIER…Taxpayer friendly processes
  12. 12. ENGAGEImprove taxpayer services through theproactive management of taxpayer orconstituent relationships.1EASIER…Taxpayer friendly processes
  13. 13. EXTENDDigital services facilitate 24/7 self-serve opportunities.1EASIER…Taxpayer friendly processes
  14. 14. “How do we REDUCEour internal costs?”Tax and RevenueCollection Challengesin the digital economy.2
  15. 15. IMPROVERationalise, decommission andupgrade for better system efficienciesand technology infrastructure.REDUCE…internal collection and admin costs2
  16. 16. EQUIPIssue staff with the right tools andinformation that helps them do their jobmore efficiently and effectively.REDUCE…internal collection and admin costs2
  17. 17. AUTOMATEStreamline, improve and automateprocesses wherever possible.REDUCE…internal collection and admin costs2
  18. 18. REDUCEMinimise your carbon footprint by reducingconsumable costs through digitisation.REDUCE…internal collection and admin costs2
  19. 19. “How do we IMPROVEcollections and compliance?”Top 3 Challenges in Tax and RevenueCollection in the digital economy3
  20. 20. SELF-SERVEPromote voluntary compliance andconvenience through easy to use“always-on” self-serve mechanisms.IMPROVE…revenue collection and compliance3
  21. 21. ACTUncover, track, analyse and addressnon-compliance quickly andeffectively.IMPROVE…revenue collection and compliance3
  22. 22. IMPROVEClose the gap between taxes owed and taxescollected.IMPROVE…revenue collection and compliance3
  23. 23. TAILORLeverage tax and taxpayer data throughanalytics and research to improvecompliance measures and better customisetaxpayer services.IMPROVE…revenue collection and compliance3
  24. 24. INVENIO can help.…SAP Tax and Revenue Management specialists
  25. 25. INDUSTRY EXPERTISEWe are an SAP Gold Channel Partnerwith extensive tax and revenuemanagement expertise for CentralGovernments.ENHANCE, REDUCE, IMPROVE…we can help you find the answers
  26. 26. INNOVATIVE SOLUTIONSWe deliver innovative solutions that helpyou increase voluntary compliance andimprove collections.ENHANCE, REDUCE, IMPROVE…we can help you find the answers
  27. 27. COST-EFFECTIVE SERVICESWe offer transparent pricing across ALL ourservice engagements.ENHANCE, REDUCE, IMPROVE…we can help you find the answers
  28. 28. ..BUILT ON GLOBAL BEST-PRACTICEOur experience is built, adapted and fine-tuned throughout the course of manyimplementation projects.ENHANCE, REDUCE, IMPROVE…we can help you find the answers
  29. 29. thanks for viewing…+44 (0)330 440 1800info@invenio-solutions.comwww.invenio-solutions.com@invenio_sap…an invenio business solutions presentationwant to learn more?

×