Case Study: Tax Management Services For A Large Insurance Company
Source: Deloitte Development
The insurance company had difficulty maintaining a tax function that could scale up or down, according to its business activities. Faced with an Enterprise Resource Planning (ERP) implementation and a potential spin-off that would require additional tax compliance and planning, the company needed more tax resources. Due to high turnover in the tax department and difficulty in recruiting new talent, meeting the demand with in-house staff alone would be a challenge. Therefore, the company sought a flexible alternative, whereby it could access specialized tax resources, as needed, cost effectively, and use those resources to leverage and enhance the company's established tax processes.