SlideShare a Scribd company logo
Top 3 Challenges in Tax and Revenue
Collection in the digital economy
…an invenio business solutions presentation
“The budget should be balanced, the treasury
should be refilled, public debt should be
reduced, the arrogance of officialdom should be
tempered and controlled”…
Marcus Tullius Cicero (106 - 43 B.C.)
Roman Statesman & Philosopher
The challenges of centuries past
…still exist today!
…but there’s some NEW challenges
(and opportunities)
that arise in today’s digital world.
…so let’s take a closer look at how
3 specific NEW challenges
can be addressed by modern day government.
1 EASIER
taxpayer-friendly processes
…so let’s take a closer look at how
3 specific NEW challenges
can be addressed by modern day government.
1
2 REDUCED
internal costs
EASIER
taxpayer-friendly processes
…so let’s take a closer look at how
3 specific NEW challenges
can be addressed by modern day government.
1 EASIER
taxpayer-friendly processes
2 REDUCED
internal costs
3 IMPROVED
collections and compliance
…so let’s take a closer look at how
3 specific NEW challenges
can be addressed by modern day government.
OK, SO LET’S GET STARTED…
“How do we make things
EASIER for our taxpayers?”
1
Top 3 Challenges in Tax and Revenue
Collection in the digital economy
SIMPLIFY
Reduce the administrative burden on
taxpayers and intermediaries
through greater use of electronic
services.
EASIER…
Taxpayer friendly processes
1
IMPROVE
Deal with customer enquiries more efficiently
and promptly across a number of channels
(in-person, telephone, online).
1
EASIER…
Taxpayer friendly processes
ENGAGE
Improve taxpayer services through the
proactive management of taxpayer or
constituent relationships.
1
EASIER…
Taxpayer friendly processes
EXTEND
Digital services facilitate 24/7 self-
serve opportunities.
1
EASIER…
Taxpayer friendly processes
“How do we REDUCE
our internal costs?”
Tax and Revenue
Collection Challenges
in the digital economy.
2
IMPROVE
Rationalise, decommission and
upgrade for better system efficiencies
and technology infrastructure.
REDUCE…
internal collection and admin costs
2
EQUIP
Issue staff with the right tools and
information that helps them do their job
more efficiently and effectively.
REDUCE…
internal collection and admin costs
2
AUTOMATE
Streamline, improve and automate
processes wherever possible.
REDUCE…
internal collection and admin costs
2
REDUCE
Minimise your carbon footprint by reducing
consumable costs through digitisation.
REDUCE…
internal collection and admin costs
2
“How do we IMPROVE
collections and compliance?”
Top 3 Challenges in Tax and Revenue
Collection in the digital economy
3
SELF-SERVE
Promote voluntary compliance and
convenience through easy to use
“always-on” self-serve mechanisms.
IMPROVE…
revenue collection and compliance
3
ACT
Uncover, track, analyse and address
non-compliance quickly and
effectively.
IMPROVE…
revenue collection and compliance
3
IMPROVE
Close the gap between taxes owed and taxes
collected.
IMPROVE…
revenue collection and compliance
3
TAILOR
Leverage tax and taxpayer data through
analytics and research to improve
compliance measures and better customise
taxpayer services.
IMPROVE…
revenue collection and compliance
3
INVENIO can help.
…SAP Tax and Revenue Management specialists
INDUSTRY EXPERTISE
We are an SAP Gold Channel Partner
with extensive tax and revenue
management expertise for Central
Governments.
ENHANCE, REDUCE, IMPROVE
…we can help you find the answers
INNOVATIVE SOLUTIONS
We deliver innovative solutions that help
you increase voluntary compliance and
improve collections.
ENHANCE, REDUCE, IMPROVE
…we can help you find the answers
COST-EFFECTIVE SERVICES
We offer transparent pricing across ALL our
service engagements.
ENHANCE, REDUCE, IMPROVE
…we can help you find the answers
..BUILT ON GLOBAL BEST-PRACTICE
Our experience is built, adapted and fine-
tuned throughout the course of many
implementation projects.
ENHANCE, REDUCE, IMPROVE
…we can help you find the answers
thanks for viewing…
+44 (0)330 440 1800
info@invenio-solutions.com
www.invenio-solutions.com
@invenio_sap
…an invenio business solutions presentation
want to learn more?

More Related Content

What's hot

Local Government Taxation In The Philippines
Local Government Taxation In The PhilippinesLocal Government Taxation In The Philippines
Local Government Taxation In The Philippines
JOHNY NATAD
 
Transport cooperatives ppt.
Transport cooperatives ppt.Transport cooperatives ppt.
Transport cooperatives ppt.
Sanjana Zawar
 
Taxation in the philippines
Taxation in the philippinesTaxation in the philippines
Taxation in the philippines
Zharlene Soliguen
 
Local Fiscal Administration
Local Fiscal Administration Local Fiscal Administration
Local Fiscal Administration
Jo Balucanag - Bitonio
 
Revenues and Expenditures
Revenues and ExpendituresRevenues and Expenditures
Revenues and Expenditures
Joey Miñano
 
CHARACTERISTICS AND POWERS OF GOCCs
CHARACTERISTICS AND POWERS OF GOCCsCHARACTERISTICS AND POWERS OF GOCCs
CHARACTERISTICS AND POWERS OF GOCCs
JaypeeRojas
 
Ph Local Government System
Ph Local Government SystemPh Local Government System
Ph Local Government System
Jo Balucanag - Bitonio
 
E governance presentation
E governance presentationE governance presentation
E governance presentation
Alex Francis Cabrera
 
Public Fiscal Administration
Public Fiscal AdministrationPublic Fiscal Administration
Public Fiscal Administration
Tristan de Mortel
 
Taxation in the philippines
Taxation in the philippinesTaxation in the philippines
Taxation in the philippines
chumce02
 
slide share Local Government Structure in the Philippines-03062017.pptx
slide share Local Government Structure in the Philippines-03062017.pptxslide share Local Government Structure in the Philippines-03062017.pptx
slide share Local Government Structure in the Philippines-03062017.pptx
Cashmir Pangandaman
 
Government revenue(Public Fiscal Administration)
Government revenue(Public Fiscal Administration)Government revenue(Public Fiscal Administration)
Government revenue(Public Fiscal Administration)
Suzana Vaidya
 
Philippine Government Budgetary Processes
 Philippine Government Budgetary Processes Philippine Government Budgetary Processes
Philippine Government Budgetary Processes
Christine Liz Jimenea
 
Budget execution
Budget executionBudget execution
Budget execution
Jose Benito Ronolo
 
Budget preparation
Budget preparationBudget preparation
Budget preparation
Jose Benito Ronolo
 
Principlesoftaxation.final
Principlesoftaxation.finalPrinciplesoftaxation.final
Principlesoftaxation.final
Katrina Estrella
 
Taxation
TaxationTaxation
Taxation
Kendral Flores
 
Introduction(Public Fiscal Administration)
Introduction(Public Fiscal Administration)Introduction(Public Fiscal Administration)
Introduction(Public Fiscal Administration)
Suzana Vaidya
 
The Local Government Taxation In The Philippines.Doc
The Local Government Taxation In The Philippines.DocThe Local Government Taxation In The Philippines.Doc
The Local Government Taxation In The Philippines.Doc
JOHNY NATAD
 
Issues and Problems in Fiscal Policy and Development
Issues and Problems in Fiscal Policy and DevelopmentIssues and Problems in Fiscal Policy and Development
Issues and Problems in Fiscal Policy and Development
Rosalie Molina, IME, MPA
 

What's hot (20)

Local Government Taxation In The Philippines
Local Government Taxation In The PhilippinesLocal Government Taxation In The Philippines
Local Government Taxation In The Philippines
 
Transport cooperatives ppt.
Transport cooperatives ppt.Transport cooperatives ppt.
Transport cooperatives ppt.
 
Taxation in the philippines
Taxation in the philippinesTaxation in the philippines
Taxation in the philippines
 
Local Fiscal Administration
Local Fiscal Administration Local Fiscal Administration
Local Fiscal Administration
 
Revenues and Expenditures
Revenues and ExpendituresRevenues and Expenditures
Revenues and Expenditures
 
CHARACTERISTICS AND POWERS OF GOCCs
CHARACTERISTICS AND POWERS OF GOCCsCHARACTERISTICS AND POWERS OF GOCCs
CHARACTERISTICS AND POWERS OF GOCCs
 
Ph Local Government System
Ph Local Government SystemPh Local Government System
Ph Local Government System
 
E governance presentation
E governance presentationE governance presentation
E governance presentation
 
Public Fiscal Administration
Public Fiscal AdministrationPublic Fiscal Administration
Public Fiscal Administration
 
Taxation in the philippines
Taxation in the philippinesTaxation in the philippines
Taxation in the philippines
 
slide share Local Government Structure in the Philippines-03062017.pptx
slide share Local Government Structure in the Philippines-03062017.pptxslide share Local Government Structure in the Philippines-03062017.pptx
slide share Local Government Structure in the Philippines-03062017.pptx
 
Government revenue(Public Fiscal Administration)
Government revenue(Public Fiscal Administration)Government revenue(Public Fiscal Administration)
Government revenue(Public Fiscal Administration)
 
Philippine Government Budgetary Processes
 Philippine Government Budgetary Processes Philippine Government Budgetary Processes
Philippine Government Budgetary Processes
 
Budget execution
Budget executionBudget execution
Budget execution
 
Budget preparation
Budget preparationBudget preparation
Budget preparation
 
Principlesoftaxation.final
Principlesoftaxation.finalPrinciplesoftaxation.final
Principlesoftaxation.final
 
Taxation
TaxationTaxation
Taxation
 
Introduction(Public Fiscal Administration)
Introduction(Public Fiscal Administration)Introduction(Public Fiscal Administration)
Introduction(Public Fiscal Administration)
 
The Local Government Taxation In The Philippines.Doc
The Local Government Taxation In The Philippines.DocThe Local Government Taxation In The Philippines.Doc
The Local Government Taxation In The Philippines.Doc
 
Issues and Problems in Fiscal Policy and Development
Issues and Problems in Fiscal Policy and DevelopmentIssues and Problems in Fiscal Policy and Development
Issues and Problems in Fiscal Policy and Development
 

Viewers also liked

Tax system in nigeria – challenges and the way forward
Tax system in nigeria – challenges and the way forwardTax system in nigeria – challenges and the way forward
Tax system in nigeria – challenges and the way forward
Alexander Decker
 
Revenue Implications of Nigeria’s Tax System in Nigeria
Revenue Implications of Nigeria’s Tax System in NigeriaRevenue Implications of Nigeria’s Tax System in Nigeria
Revenue Implications of Nigeria’s Tax System in Nigeria
Moses Oduh
 
Real estate valuations
Real estate valuationsReal estate valuations
Real estate valuations
William E. Nassour III
 
01 0 trm_pscd_introduction_new
01 0 trm_pscd_introduction_new01 0 trm_pscd_introduction_new
01 0 trm_pscd_introduction_new
Thanh Le
 
final research
final researchfinal research
final research
TILAHUN TADELE
 
Gra's policy dialogue presentation
Gra's policy dialogue presentationGra's policy dialogue presentation
Gra's policy dialogue presentation
Assan Jallow, PhD
 
Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...
Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...
Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...
ALTAX Consulting
 
Tax And Revenue Management Linked In - en español
Tax And Revenue Management   Linked In - en españolTax And Revenue Management   Linked In - en español
Tax And Revenue Management Linked In - en español
juanksalas
 
Fbr restructuring by tauqeer ahmed
Fbr restructuring by tauqeer ahmedFbr restructuring by tauqeer ahmed
Fbr restructuring by tauqeer ahmed
Tauqeer Malik
 
An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...
An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...
An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...
NBER
 
Analysis of tax morale and tax compliance in nigeria
Analysis of tax morale and tax compliance in nigeriaAnalysis of tax morale and tax compliance in nigeria
Analysis of tax morale and tax compliance in nigeria
Alexander Decker
 
Teradata's Tax Compliance Solutions
Teradata's Tax Compliance SolutionsTeradata's Tax Compliance Solutions
Teradata's Tax Compliance Solutions
Teradata
 
Pitch Slides
Pitch SlidesPitch Slides
Pitch Slides
Jorge Rodriguez
 
Pert 12 ruang hilbert
Pert 12  ruang hilbertPert 12  ruang hilbert
Pert 12 ruang hilbert
jayamartha
 
Bahasa Inggris 3
Bahasa Inggris 3Bahasa Inggris 3
Bahasa Inggris 3
jayamartha
 
Srq3
Srq3Srq3
Srq3
dayamanda
 
Power point 2010 2011 photo album
Power point 2010 2011  photo albumPower point 2010 2011  photo album
Power point 2010 2011 photo album
pampulizzi
 
Britney griffin 10 new features of power point 2010
Britney griffin 10 new features of power point 2010Britney griffin 10 new features of power point 2010
Britney griffin 10 new features of power point 2010
britneyg
 
Curso de power point 2010
Curso de power point 2010Curso de power point 2010
Curso de power point 2010
Helver Gilberto Parra Gonzalez
 
[City Profile] Ethiopia
[City Profile] Ethiopia[City Profile] Ethiopia
[City Profile] Ethiopia
shrdcinfo
 

Viewers also liked (20)

Tax system in nigeria – challenges and the way forward
Tax system in nigeria – challenges and the way forwardTax system in nigeria – challenges and the way forward
Tax system in nigeria – challenges and the way forward
 
Revenue Implications of Nigeria’s Tax System in Nigeria
Revenue Implications of Nigeria’s Tax System in NigeriaRevenue Implications of Nigeria’s Tax System in Nigeria
Revenue Implications of Nigeria’s Tax System in Nigeria
 
Real estate valuations
Real estate valuationsReal estate valuations
Real estate valuations
 
01 0 trm_pscd_introduction_new
01 0 trm_pscd_introduction_new01 0 trm_pscd_introduction_new
01 0 trm_pscd_introduction_new
 
final research
final researchfinal research
final research
 
Gra's policy dialogue presentation
Gra's policy dialogue presentationGra's policy dialogue presentation
Gra's policy dialogue presentation
 
Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...
Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...
Albania Taxation, 2014: Growing tax compliance for ensuring government’s publ...
 
Tax And Revenue Management Linked In - en español
Tax And Revenue Management   Linked In - en españolTax And Revenue Management   Linked In - en español
Tax And Revenue Management Linked In - en español
 
Fbr restructuring by tauqeer ahmed
Fbr restructuring by tauqeer ahmedFbr restructuring by tauqeer ahmed
Fbr restructuring by tauqeer ahmed
 
An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...
An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...
An Experimental Evaluation of Strategies to Increase Property Tax Compliance:...
 
Analysis of tax morale and tax compliance in nigeria
Analysis of tax morale and tax compliance in nigeriaAnalysis of tax morale and tax compliance in nigeria
Analysis of tax morale and tax compliance in nigeria
 
Teradata's Tax Compliance Solutions
Teradata's Tax Compliance SolutionsTeradata's Tax Compliance Solutions
Teradata's Tax Compliance Solutions
 
Pitch Slides
Pitch SlidesPitch Slides
Pitch Slides
 
Pert 12 ruang hilbert
Pert 12  ruang hilbertPert 12  ruang hilbert
Pert 12 ruang hilbert
 
Bahasa Inggris 3
Bahasa Inggris 3Bahasa Inggris 3
Bahasa Inggris 3
 
Srq3
Srq3Srq3
Srq3
 
Power point 2010 2011 photo album
Power point 2010 2011  photo albumPower point 2010 2011  photo album
Power point 2010 2011 photo album
 
Britney griffin 10 new features of power point 2010
Britney griffin 10 new features of power point 2010Britney griffin 10 new features of power point 2010
Britney griffin 10 new features of power point 2010
 
Curso de power point 2010
Curso de power point 2010Curso de power point 2010
Curso de power point 2010
 
[City Profile] Ethiopia
[City Profile] Ethiopia[City Profile] Ethiopia
[City Profile] Ethiopia
 

Similar to Top 3 Challenges in Tax and Revenue Collection

Revenue Case Study Sean Connolly
Revenue Case Study Sean ConnollyRevenue Case Study Sean Connolly
Revenue Case Study Sean Connolly
klenihan
 
The Government We Need
The Government We Need The Government We Need
The Government We Need
Ken Cutroneo
 
Thought Leadership Lecture 2015 - Jeremy Sherwood
Thought Leadership Lecture 2015 - Jeremy SherwoodThought Leadership Lecture 2015 - Jeremy Sherwood
Thought Leadership Lecture 2015 - Jeremy Sherwood
Jeremy Sherwood
 
BUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITS
BUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITSBUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITS
BUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITS
Kingstone Pumula Kanyile
 
Doug Shulman - Prepared remarks before the AICPA
Doug Shulman - Prepared remarks before the AICPA Doug Shulman - Prepared remarks before the AICPA
Doug Shulman - Prepared remarks before the AICPA
Doug Shulman
 
Ww1 Essay Thesis. Online assignment writing service.
Ww1 Essay Thesis. Online assignment writing service.Ww1 Essay Thesis. Online assignment writing service.
Ww1 Essay Thesis. Online assignment writing service.
Heather Wilkins
 
Managing indirect costs
Managing indirect costsManaging indirect costs
Managing indirect costs
Cheshire East Council
 
Managing indirect costs
Managing indirect costsManaging indirect costs
Managing indirect costs
Collinson Grant
 
How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...
How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...
How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...
Cognizant
 
Cost Allocation
Cost AllocationCost Allocation
Cost Allocation
Lakeisha Jones
 
Tax discussion paper
Tax discussion paperTax discussion paper
Tax discussion paper
Sasha Grebe
 
Pwc Paying Taxes 2015
Pwc Paying Taxes 2015Pwc Paying Taxes 2015
Pwc Paying Taxes 2015
Stas Medvedev
 
'Paying Taxes 2015' :189 Jurisdictions
 'Paying Taxes 2015' :189 Jurisdictions 'Paying Taxes 2015' :189 Jurisdictions
'Paying Taxes 2015' :189 Jurisdictions
Investors Europe (Mauritius) Limited
 
Canon For Business - Optimise your payment process
Canon For Business - Optimise your payment processCanon For Business - Optimise your payment process
Canon For Business - Optimise your payment process
Canon Belgium
 
Taxologist 4 steps to evaluating tax technology
Taxologist 4 steps to evaluating tax technologyTaxologist 4 steps to evaluating tax technology
Taxologist 4 steps to evaluating tax technology
Paul Authachinda
 
Week 3Week 3E3-9 and E3-13Total Points 50E3-9 [20 pts]E3-13 .docx
Week 3Week 3E3-9 and E3-13Total Points 50E3-9  [20 pts]E3-13  .docxWeek 3Week 3E3-9 and E3-13Total Points 50E3-9  [20 pts]E3-13  .docx
Week 3Week 3E3-9 and E3-13Total Points 50E3-9 [20 pts]E3-13 .docx
melbruce90096
 
Presentation genica ideas
Presentation genica ideasPresentation genica ideas
Presentation genica ideas
Romulo Colmenares
 
The New Face of Tax Data Management
The New Face of Tax Data ManagementThe New Face of Tax Data Management
The New Face of Tax Data Management
srdunbar
 
TVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624b
TVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624bTVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624b
TVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624b
Peter Burgess
 
Intro. to Supply Chain
Intro. to Supply Chain Intro. to Supply Chain
Intro. to Supply Chain
omartawfiq
 

Similar to Top 3 Challenges in Tax and Revenue Collection (20)

Revenue Case Study Sean Connolly
Revenue Case Study Sean ConnollyRevenue Case Study Sean Connolly
Revenue Case Study Sean Connolly
 
The Government We Need
The Government We Need The Government We Need
The Government We Need
 
Thought Leadership Lecture 2015 - Jeremy Sherwood
Thought Leadership Lecture 2015 - Jeremy SherwoodThought Leadership Lecture 2015 - Jeremy Sherwood
Thought Leadership Lecture 2015 - Jeremy Sherwood
 
BUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITS
BUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITSBUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITS
BUILDING A SUSTAINABLE TAX-BASE TO CONTAIN FISCAL DEFICITS
 
Doug Shulman - Prepared remarks before the AICPA
Doug Shulman - Prepared remarks before the AICPA Doug Shulman - Prepared remarks before the AICPA
Doug Shulman - Prepared remarks before the AICPA
 
Ww1 Essay Thesis. Online assignment writing service.
Ww1 Essay Thesis. Online assignment writing service.Ww1 Essay Thesis. Online assignment writing service.
Ww1 Essay Thesis. Online assignment writing service.
 
Managing indirect costs
Managing indirect costsManaging indirect costs
Managing indirect costs
 
Managing indirect costs
Managing indirect costsManaging indirect costs
Managing indirect costs
 
How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...
How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...
How a Well-Executed Supply Chain Control Tower Can Accelerate Digital’s Busin...
 
Cost Allocation
Cost AllocationCost Allocation
Cost Allocation
 
Tax discussion paper
Tax discussion paperTax discussion paper
Tax discussion paper
 
Pwc Paying Taxes 2015
Pwc Paying Taxes 2015Pwc Paying Taxes 2015
Pwc Paying Taxes 2015
 
'Paying Taxes 2015' :189 Jurisdictions
 'Paying Taxes 2015' :189 Jurisdictions 'Paying Taxes 2015' :189 Jurisdictions
'Paying Taxes 2015' :189 Jurisdictions
 
Canon For Business - Optimise your payment process
Canon For Business - Optimise your payment processCanon For Business - Optimise your payment process
Canon For Business - Optimise your payment process
 
Taxologist 4 steps to evaluating tax technology
Taxologist 4 steps to evaluating tax technologyTaxologist 4 steps to evaluating tax technology
Taxologist 4 steps to evaluating tax technology
 
Week 3Week 3E3-9 and E3-13Total Points 50E3-9 [20 pts]E3-13 .docx
Week 3Week 3E3-9 and E3-13Total Points 50E3-9  [20 pts]E3-13  .docxWeek 3Week 3E3-9 and E3-13Total Points 50E3-9  [20 pts]E3-13  .docx
Week 3Week 3E3-9 and E3-13Total Points 50E3-9 [20 pts]E3-13 .docx
 
Presentation genica ideas
Presentation genica ideasPresentation genica ideas
Presentation genica ideas
 
The New Face of Tax Data Management
The New Face of Tax Data ManagementThe New Face of Tax Data Management
The New Face of Tax Data Management
 
TVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624b
TVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624bTVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624b
TVM-TRIPLE-BOTTOM-LINE-ACCOUNTING-150624b
 
Intro. to Supply Chain
Intro. to Supply Chain Intro. to Supply Chain
Intro. to Supply Chain
 

More from invenioLSI

Invenio content financials
Invenio content financialsInvenio content financials
Invenio content financials
invenioLSI
 
Invenio Content Financials
Invenio Content FinancialsInvenio Content Financials
Invenio Content Financials
invenioLSI
 
Global SAP Support from Invenio
Global SAP Support from InvenioGlobal SAP Support from Invenio
Global SAP Support from Invenio
invenioLSI
 
Invenio: an introduction
Invenio: an introductionInvenio: an introduction
Invenio: an introduction
invenioLSI
 
SAP in Media Industry
SAP in Media IndustrySAP in Media Industry
SAP in Media Industry
invenioLSI
 
SAP and Manufacturing industry
SAP and Manufacturing industrySAP and Manufacturing industry
SAP and Manufacturing industry
invenioLSI
 
SAP and Media Industry
SAP and Media IndustrySAP and Media Industry
SAP and Media Industry
invenioLSI
 
Content Lifecycle Management Solution on HANA Cloud Platform
Content Lifecycle Management Solution on HANA Cloud PlatformContent Lifecycle Management Solution on HANA Cloud Platform
Content Lifecycle Management Solution on HANA Cloud Platform
invenioLSI
 
Watch out, Your competitors are securing your prime customers : Here is what ...
Watch out, Your competitors are securing your prime customers : Here is what ...Watch out, Your competitors are securing your prime customers : Here is what ...
Watch out, Your competitors are securing your prime customers : Here is what ...
invenioLSI
 
Invenio's SAP P2P Solution
Invenio's SAP P2P SolutionInvenio's SAP P2P Solution
Invenio's SAP P2P Solution
invenioLSI
 
Innovative BI & Big Data Analytics Technology
Innovative BI & Big Data Analytics TechnologyInnovative BI & Big Data Analytics Technology
Innovative BI & Big Data Analytics Technology
invenioLSI
 

More from invenioLSI (11)

Invenio content financials
Invenio content financialsInvenio content financials
Invenio content financials
 
Invenio Content Financials
Invenio Content FinancialsInvenio Content Financials
Invenio Content Financials
 
Global SAP Support from Invenio
Global SAP Support from InvenioGlobal SAP Support from Invenio
Global SAP Support from Invenio
 
Invenio: an introduction
Invenio: an introductionInvenio: an introduction
Invenio: an introduction
 
SAP in Media Industry
SAP in Media IndustrySAP in Media Industry
SAP in Media Industry
 
SAP and Manufacturing industry
SAP and Manufacturing industrySAP and Manufacturing industry
SAP and Manufacturing industry
 
SAP and Media Industry
SAP and Media IndustrySAP and Media Industry
SAP and Media Industry
 
Content Lifecycle Management Solution on HANA Cloud Platform
Content Lifecycle Management Solution on HANA Cloud PlatformContent Lifecycle Management Solution on HANA Cloud Platform
Content Lifecycle Management Solution on HANA Cloud Platform
 
Watch out, Your competitors are securing your prime customers : Here is what ...
Watch out, Your competitors are securing your prime customers : Here is what ...Watch out, Your competitors are securing your prime customers : Here is what ...
Watch out, Your competitors are securing your prime customers : Here is what ...
 
Invenio's SAP P2P Solution
Invenio's SAP P2P SolutionInvenio's SAP P2P Solution
Invenio's SAP P2P Solution
 
Innovative BI & Big Data Analytics Technology
Innovative BI & Big Data Analytics TechnologyInnovative BI & Big Data Analytics Technology
Innovative BI & Big Data Analytics Technology
 

Recently uploaded

Taking AI to the Next Level in Manufacturing.pdf
Taking AI to the Next Level in Manufacturing.pdfTaking AI to the Next Level in Manufacturing.pdf
Taking AI to the Next Level in Manufacturing.pdf
ssuserfac0301
 
Choosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptxChoosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptx
Brandon Minnick, MBA
 
Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024
Jason Packer
 
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUHCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
panagenda
 
Introduction of Cybersecurity with OSS at Code Europe 2024
Introduction of Cybersecurity with OSS  at Code Europe 2024Introduction of Cybersecurity with OSS  at Code Europe 2024
Introduction of Cybersecurity with OSS at Code Europe 2024
Hiroshi SHIBATA
 
Ocean lotus Threat actors project by John Sitima 2024 (1).pptx
Ocean lotus Threat actors project by John Sitima 2024 (1).pptxOcean lotus Threat actors project by John Sitima 2024 (1).pptx
Ocean lotus Threat actors project by John Sitima 2024 (1).pptx
SitimaJohn
 
GenAI Pilot Implementation in the organizations
GenAI Pilot Implementation in the organizationsGenAI Pilot Implementation in the organizations
GenAI Pilot Implementation in the organizations
kumardaparthi1024
 
Operating System Used by Users in day-to-day life.pptx
Operating System Used by Users in day-to-day life.pptxOperating System Used by Users in day-to-day life.pptx
Operating System Used by Users in day-to-day life.pptx
Pravash Chandra Das
 
Programming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup SlidesProgramming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup Slides
Zilliz
 
Azure API Management to expose backend services securely
Azure API Management to expose backend services securelyAzure API Management to expose backend services securely
Azure API Management to expose backend services securely
Dinusha Kumarasiri
 
Best 20 SEO Techniques To Improve Website Visibility In SERP
Best 20 SEO Techniques To Improve Website Visibility In SERPBest 20 SEO Techniques To Improve Website Visibility In SERP
Best 20 SEO Techniques To Improve Website Visibility In SERP
Pixlogix Infotech
 
HCL Notes and Domino License Cost Reduction in the World of DLAU
HCL Notes and Domino License Cost Reduction in the World of DLAUHCL Notes and Domino License Cost Reduction in the World of DLAU
HCL Notes and Domino License Cost Reduction in the World of DLAU
panagenda
 
Fueling AI with Great Data with Airbyte Webinar
Fueling AI with Great Data with Airbyte WebinarFueling AI with Great Data with Airbyte Webinar
Fueling AI with Great Data with Airbyte Webinar
Zilliz
 
dbms calicut university B. sc Cs 4th sem.pdf
dbms  calicut university B. sc Cs 4th sem.pdfdbms  calicut university B. sc Cs 4th sem.pdf
dbms calicut university B. sc Cs 4th sem.pdf
Shinana2
 
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdf
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdfHow to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdf
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdf
Chart Kalyan
 
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing InstancesEnergy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
Alpen-Adria-Universität
 
System Design Case Study: Building a Scalable E-Commerce Platform - Hiike
System Design Case Study: Building a Scalable E-Commerce Platform - HiikeSystem Design Case Study: Building a Scalable E-Commerce Platform - Hiike
System Design Case Study: Building a Scalable E-Commerce Platform - Hiike
Hiike
 
Generating privacy-protected synthetic data using Secludy and Milvus
Generating privacy-protected synthetic data using Secludy and MilvusGenerating privacy-protected synthetic data using Secludy and Milvus
Generating privacy-protected synthetic data using Secludy and Milvus
Zilliz
 
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdf
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfUnlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdf
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdf
Malak Abu Hammad
 
TrustArc Webinar - 2024 Global Privacy Survey
TrustArc Webinar - 2024 Global Privacy SurveyTrustArc Webinar - 2024 Global Privacy Survey
TrustArc Webinar - 2024 Global Privacy Survey
TrustArc
 

Recently uploaded (20)

Taking AI to the Next Level in Manufacturing.pdf
Taking AI to the Next Level in Manufacturing.pdfTaking AI to the Next Level in Manufacturing.pdf
Taking AI to the Next Level in Manufacturing.pdf
 
Choosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptxChoosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptx
 
Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024
 
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUHCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
 
Introduction of Cybersecurity with OSS at Code Europe 2024
Introduction of Cybersecurity with OSS  at Code Europe 2024Introduction of Cybersecurity with OSS  at Code Europe 2024
Introduction of Cybersecurity with OSS at Code Europe 2024
 
Ocean lotus Threat actors project by John Sitima 2024 (1).pptx
Ocean lotus Threat actors project by John Sitima 2024 (1).pptxOcean lotus Threat actors project by John Sitima 2024 (1).pptx
Ocean lotus Threat actors project by John Sitima 2024 (1).pptx
 
GenAI Pilot Implementation in the organizations
GenAI Pilot Implementation in the organizationsGenAI Pilot Implementation in the organizations
GenAI Pilot Implementation in the organizations
 
Operating System Used by Users in day-to-day life.pptx
Operating System Used by Users in day-to-day life.pptxOperating System Used by Users in day-to-day life.pptx
Operating System Used by Users in day-to-day life.pptx
 
Programming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup SlidesProgramming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup Slides
 
Azure API Management to expose backend services securely
Azure API Management to expose backend services securelyAzure API Management to expose backend services securely
Azure API Management to expose backend services securely
 
Best 20 SEO Techniques To Improve Website Visibility In SERP
Best 20 SEO Techniques To Improve Website Visibility In SERPBest 20 SEO Techniques To Improve Website Visibility In SERP
Best 20 SEO Techniques To Improve Website Visibility In SERP
 
HCL Notes and Domino License Cost Reduction in the World of DLAU
HCL Notes and Domino License Cost Reduction in the World of DLAUHCL Notes and Domino License Cost Reduction in the World of DLAU
HCL Notes and Domino License Cost Reduction in the World of DLAU
 
Fueling AI with Great Data with Airbyte Webinar
Fueling AI with Great Data with Airbyte WebinarFueling AI with Great Data with Airbyte Webinar
Fueling AI with Great Data with Airbyte Webinar
 
dbms calicut university B. sc Cs 4th sem.pdf
dbms  calicut university B. sc Cs 4th sem.pdfdbms  calicut university B. sc Cs 4th sem.pdf
dbms calicut university B. sc Cs 4th sem.pdf
 
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdf
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdfHow to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdf
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdf
 
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing InstancesEnergy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
 
System Design Case Study: Building a Scalable E-Commerce Platform - Hiike
System Design Case Study: Building a Scalable E-Commerce Platform - HiikeSystem Design Case Study: Building a Scalable E-Commerce Platform - Hiike
System Design Case Study: Building a Scalable E-Commerce Platform - Hiike
 
Generating privacy-protected synthetic data using Secludy and Milvus
Generating privacy-protected synthetic data using Secludy and MilvusGenerating privacy-protected synthetic data using Secludy and Milvus
Generating privacy-protected synthetic data using Secludy and Milvus
 
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdf
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfUnlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdf
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdf
 
TrustArc Webinar - 2024 Global Privacy Survey
TrustArc Webinar - 2024 Global Privacy SurveyTrustArc Webinar - 2024 Global Privacy Survey
TrustArc Webinar - 2024 Global Privacy Survey
 

Top 3 Challenges in Tax and Revenue Collection

  • 1. Top 3 Challenges in Tax and Revenue Collection in the digital economy …an invenio business solutions presentation
  • 2. “The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled”… Marcus Tullius Cicero (106 - 43 B.C.) Roman Statesman & Philosopher The challenges of centuries past …still exist today!
  • 3. …but there’s some NEW challenges (and opportunities) that arise in today’s digital world.
  • 4. …so let’s take a closer look at how 3 specific NEW challenges can be addressed by modern day government.
  • 5. 1 EASIER taxpayer-friendly processes …so let’s take a closer look at how 3 specific NEW challenges can be addressed by modern day government.
  • 6. 1 2 REDUCED internal costs EASIER taxpayer-friendly processes …so let’s take a closer look at how 3 specific NEW challenges can be addressed by modern day government.
  • 7. 1 EASIER taxpayer-friendly processes 2 REDUCED internal costs 3 IMPROVED collections and compliance …so let’s take a closer look at how 3 specific NEW challenges can be addressed by modern day government.
  • 8. OK, SO LET’S GET STARTED…
  • 9. “How do we make things EASIER for our taxpayers?” 1 Top 3 Challenges in Tax and Revenue Collection in the digital economy
  • 10. SIMPLIFY Reduce the administrative burden on taxpayers and intermediaries through greater use of electronic services. EASIER… Taxpayer friendly processes 1
  • 11. IMPROVE Deal with customer enquiries more efficiently and promptly across a number of channels (in-person, telephone, online). 1 EASIER… Taxpayer friendly processes
  • 12. ENGAGE Improve taxpayer services through the proactive management of taxpayer or constituent relationships. 1 EASIER… Taxpayer friendly processes
  • 13. EXTEND Digital services facilitate 24/7 self- serve opportunities. 1 EASIER… Taxpayer friendly processes
  • 14. “How do we REDUCE our internal costs?” Tax and Revenue Collection Challenges in the digital economy. 2
  • 15. IMPROVE Rationalise, decommission and upgrade for better system efficiencies and technology infrastructure. REDUCE… internal collection and admin costs 2
  • 16. EQUIP Issue staff with the right tools and information that helps them do their job more efficiently and effectively. REDUCE… internal collection and admin costs 2
  • 17. AUTOMATE Streamline, improve and automate processes wherever possible. REDUCE… internal collection and admin costs 2
  • 18. REDUCE Minimise your carbon footprint by reducing consumable costs through digitisation. REDUCE… internal collection and admin costs 2
  • 19. “How do we IMPROVE collections and compliance?” Top 3 Challenges in Tax and Revenue Collection in the digital economy 3
  • 20. SELF-SERVE Promote voluntary compliance and convenience through easy to use “always-on” self-serve mechanisms. IMPROVE… revenue collection and compliance 3
  • 21. ACT Uncover, track, analyse and address non-compliance quickly and effectively. IMPROVE… revenue collection and compliance 3
  • 22. IMPROVE Close the gap between taxes owed and taxes collected. IMPROVE… revenue collection and compliance 3
  • 23. TAILOR Leverage tax and taxpayer data through analytics and research to improve compliance measures and better customise taxpayer services. IMPROVE… revenue collection and compliance 3
  • 24. INVENIO can help. …SAP Tax and Revenue Management specialists
  • 25. INDUSTRY EXPERTISE We are an SAP Gold Channel Partner with extensive tax and revenue management expertise for Central Governments. ENHANCE, REDUCE, IMPROVE …we can help you find the answers
  • 26. INNOVATIVE SOLUTIONS We deliver innovative solutions that help you increase voluntary compliance and improve collections. ENHANCE, REDUCE, IMPROVE …we can help you find the answers
  • 27. COST-EFFECTIVE SERVICES We offer transparent pricing across ALL our service engagements. ENHANCE, REDUCE, IMPROVE …we can help you find the answers
  • 28. ..BUILT ON GLOBAL BEST-PRACTICE Our experience is built, adapted and fine- tuned throughout the course of many implementation projects. ENHANCE, REDUCE, IMPROVE …we can help you find the answers
  • 29. thanks for viewing… +44 (0)330 440 1800 info@invenio-solutions.com www.invenio-solutions.com @invenio_sap …an invenio business solutions presentation want to learn more?