Enterprise Digital Transformation and Tax Compliance
Trends clearly indicate digital transformation (DX) is a top priority for CEOs, CFOs, and CIOs in 2019. Knowing it’s time to cut ties to on-premises technology and move to the cloud is one thing; doing it is quite another. IDG research shows that while 89 percent of companies plan to adopt a “digital-first” strategy, only 44 percent have actually taken the steps to do it.
For enterprise companies especially, the transition from on-premises to cloud is a much bigger undertaking, often involving multiple stakeholders and business processes. As a result, and according to IDG, only 38 percent of enterprise businesses have digital strategies (compared with 55 percent of startups) and only 7 percent of enterprise businesses say they’ve fully transitioned their business to the cloud.