Deloitte and Tableau launch first-of-its-kind visual analytics solution for tax departments
NEW YORK, Jan. 25, 2018 /PRNewswire/ -- Deloitte has cracked the code to provide a first-of-its-kind data analytics and visualization offering that empowers companies to make smarter business decisions. Teaming with Tableau, the industry leader in visual analytics, Deloitte brings together tax technical knowledge, analytics strategy, visualization, top-flight analytics tools, data management, integration, and services in a solution called Taxalytics™.
Deloitte's Taxalytics is aimed at supporting the tax function in its role as strategic advisor to the broader enterprise. It serves as a link between an organization's tax, finance, and IT departments by integrating financial data, two of the leading ERP systems and visual analytics technology in user-friendly, analytics dashboards. Business insights, incorporating disparate sources of tax data and results, can now be uncovered in minutes rather than what traditionally has taken days or weeks.
The Taxalytics solution from Deloitte is powered by Tableau. Deloitte worked closely with Tableau throughout the development process and successfully surpassed a series of benchmarking tests designed to ensure the data source extract compatibility between Taxalytics and Tableau.
"We are filling a whitespace for our clients in the IT ecosystem of enterprise analytics," said Nathan Andrews, partner, Deloitte Tax LLP and global practice leader for Deloitte's Tax Management Consulting practice. "The time is now for tax departments to leverage and analyze their data, inside and outside of the tax department and the enterprise, in an efficient and complete way. Through our collaboration with Tableau and ERP leaders, we are bringing a tax lens to the areas of big data and analytics."
"The effective use of data – in every department – is critical to an organization's success," said Dan Miller, EVP of worldwide sales, services and support for Tableau. "The Deloitte Taxalytics solution powered by Tableau is a great example of how embedded analytics can help deliver flexible visual analytics to customers quickly and easily. We're thrilled to be to working alongside Deloitte to provide powerful solutions that will help customers gain a competitive advantage with data."
Through the use of Taxalytics services and tools, tax departments will now have greater control of their data and reports to improve both compliance and planning. By integrating data across departments, tax professionals are enabled with a clear view of their corporation's complete financial data, while the ability to run real-time analyses prevents reliance on static information buried within spreadsheets.
"This solution is timely in the current tax environment, where tax reform creates a critical need for organizations to keep pulse on specific data and analyze data on an ongoing basis," said Beth Mueller, partner, Deloitte Tax LLP and leader of Deloitte's US Tax Analytics Insights practice.
Deloitte was recently named by Gartner as a global leader in business analytics services for the second consecutive year. Tableau was also recently ranked by Gartner as a leader in its Magic Quadrant for business intelligence and analytics platforms for the fifth consecutive year.
For more information about Taxalytics, please visit https://www2.deloitte.com/us/en/pages/tax/articles/taxalytics.html.
Tableau (NYSE: DATA) helps people see and understand data and explore with limitless visual analytics. Customers can build dashboards and perform ad hoc analyses in just a few clicks. They can share their work with anyone and make an impact on their business. From global enterprises to early-stage startups and small businesses, more than 65,000 customer accounts around the world use Tableau to turn data into actionable insights, and more than 300,000 people use Tableau Public to share public data in their blogs and websites. See how Tableau can help you by downloading the free trial at www.tableau.com/trial.
Tableau and Tableau Software are trademarks of Tableau Software, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
About Deloitte Tax LLP
Deloitte Tax helps clients lead the transformation of the tax function into a strategic partner that supports growth and sustained profitability within an organization. With deep experience across a broad range of services and industries, Deloitte Tax has more than 10,000 trusted advisors who combine their knowledge of tax technical resources and technology to uncover insights and smarter solutions for clients in today's complex global and regulatory environment. For more information visit http://www.deloitte.com/us/tax.
As used in this document, "Deloitte" means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see http://www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Related Link http://www.deloitte.com/us
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