Deloitte Tax LLP has announced an expanded strategic alliance with Snowflake, the AI Data Cloud company, aimed at transforming tax data management solutions. This collaboration combines Deloitte's tax expertise with Snowflake's advanced cloud capabilities to address modernization challenges and deliver innovative data analytics for tax departments.
Deloitte Tax's expanded alliance with Snowflake leverages Snowflake's cloud data management capabilities alongside Deloitte's premier tax services. This partnership enhances visibility into enterprise-wide tax data, providing a single source for accurate tax reporting, efficient reconciliation, and strategic tax planning. By addressing cloud modernization challenges, the collaboration helps tax departments combat data silos and integration issues.
Deloitte Tax and Snowflake are collaborating to design and implement unified tax data models. These models enable organizations to harmonize disparate data sources, ensuring consistency across tax processes. This foundation streamlines data integration, reduces manual efforts, and supports more efficient tax operations, ultimately driving agility in tax management.
The joint effort introduces standard reporting outputs based on common data models, including tax workpapers, system integrations, exception reports, and analytical support. This approach minimizes manual interventions, boosts accuracy in tax reporting and documentation, and enhances audit readiness of tax data, allowing tax teams to focus on strategic priorities.
The expanded alliance emphasizes developing data models to support the Tax GenAI journey. By creating structured, reliable datasets aligned with tax processes, organizations can lay the groundwork for GenAI capabilities. This enables predictive analytics, strategic decision-making, and innovation across tax domains, positioning businesses for future AI-powered solutions.
Effective data management serves as the cornerstone for modern tax departments embracing Generative AI, fostering strategic agility and operational excellence. Through this partnership, Deloitte Tax and Snowflake empower clients with cutting-edge tools to streamline processes, improve data accuracy, and unlock advanced technologies for long-term success.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters for our people, clients, and communities. We bring together distinct talents, technologies, disciplines, and an ecosystem of alliances to help tackle today's most complex business challenges and drive long-term progress. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 180 years of service, our network of member firms spans more than 150 countries and territories.
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