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How to address the growing skills gap in global trade management

ThomsonReuters

A new whitepaper from the Thomson Reuters Institute (TRI) explores the causes of a growing skills gap in global trade management, and proposes several solutions. The second major driver of this skills gap is the influence and adoption of technology at almost every level of global trade. More technology in job profiles.

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How AI can transform the way accountants work — for the better

ThomsonReuters

As technology has evolved, so too has the accounting profession. Ethical considerations in the human-AI partnership A successful human-AI partnership Because the accounting profession is traditionally compliance-focused, it is particularly prone to AI disruption. Compliance. What is generative AI? Tax research and planning.

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The Big Shift: Positioning your firm to help clients evolve

ThomsonReuters

The workplace is becoming more technology-driven. Doing so offers firms a way to replace vanishing revenue from declining tax compliance work and an opportunity to strengthen the relationship with clients. Firms can get ahead of this challenge by deploying technology and market research to gain insights to be predictive and proactive.

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How to address the persistent skills gap in global trade management

ThomsonReuters

The second major driver of this skills gap is the influence and adoption of technology at almost every level of global trade. Generative AI is set to streamline trade compliance processes by automating tasks like generating trade documents.

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5 steps to win a business case for an indirect tax technology solution

ThomsonReuters

For indirect tax teams, the question of whether and when to invest in more tax technology often looms large, depending on the size of the organization and the immediate challenges facing the department. These are just a few of the advantages of a contemporary indirect tax technology solution. Reduced support costs. Emphasize them.

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Capturing advisory opportunities: Where is your firm in its journey to advisory?

ThomsonReuters

By using technology to automate traditional tax compliance work, forward-thinking accounting firms are engaging clients based on the value and experience they bring to the table. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust.

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Navigating the tax labyrinth in omnichannel retail: A guide for retailers in the digital age

ThomsonReuters

Under-resourced Tax departments struggling with outdated technology, encumbered with manual processes and spreadsheets are even more susceptible to these pitfalls. Continuing to rely on these outdated systems and processes increases the risk of calculation errors, missed tax updates, and potential compliance issues.