The tax sector is no stranger to new disruptions brought about by technologies developed by innovative companies.
Some data presented show that technological advances in massive data processing, memory capacity, connectivity, artificial intelligence, robotics and other technologies will provide more precision in data collection and analysis, raising the level of the sector.
Although some companies are still resistant to the changes brought about by the digital revolution, the truth is that technology and its resources have the potential to generate profound changes in the industry.
Those who do not intend to embrace them will undoubtedly lose competitiveness in the market.
Digital tax revolution
The main demands of organizations are tax simplification and increased tax efficiency.
The vast majority (96%) of the companies interviewed already work with the help of digital tools and believe that the use of artificial intelligence and cognitive technologies will be essential to increase the quality of tax analysis.
The same study also reveals that more than half of the organizations prefer to hire external professionals to keep up to date with tax obligations and requirements.
All this data points to a promising future for startups offering services capable of simplifying tax routines and the scenario only tends to improve, especially in post-pandemic times.
Why invest in tax startups?
The complexity of tax management is also a driving factor for startups in the sector.
New rules and regulations emerge all the time in the country and professionals in the area face challenges to keep up to date.
In this sense, the use of technology, once again, is necessary to ensure compliance with such obligations and avoid delays or fines.
As we have seen, in the near future, technology will revolutionize the way regulators and companies in the tax market work.
Technological innovations will not only be able to generate more assertive data analysis, ensuring quality and efficiency to transactions, but will also be useful to decomplicate the country's tax environment.
In other words, the digital revolution in this market will result in greater transparency, productivity and efficiency, indispensable factors for the growth of the sector.
This is the recipe for adding value to organizations, attracting the attention of investors and increasing the amount raised by start-ups in the sector.
