Author: Katreen David
Photo Credit: Santhosh Kumar Lalgudi Gurumurthy
The tax industry is on its way to a significant transformation, where emphasizing innovation and efficiency is vital to handling a complex financial environment. As technology alters established practices, redefining the relationship between taxpayers and government authorities will be challenging.
“Today’s businesses demand agility and precision in managing their tax obligations. The tools and solutions we create meet that need while paving the way for smarter, Data and AI-driven solutions” says Santhosh Kumar Lalgudi Gurumurthy, a Senior Product Manager and Advanced Technology Solutions Leader at Ernst & Young US LLP.
Taxing Times: Engineering a Digital Revolution
Santhosh’s journey into the field of tax technology began with a solid foundation in engineering. A graduate of The University of Pennsylvania’s School of Engineering and Applied Science, his path was marked by strategic roles within leading firms. In his role, he has pushed the envelope of technological development and cutting-edge, value focussed innovation.
Widely recognized as an important name in the field, Santhosh has been cited at numerous industry conferences, including Global product launch and Developer Community forums hosted by the likes of Microsoft, where he shares his insights on utilizing Data and AI to streamline tax operations. He has also been featured in prominent publications, where his insights into tax tech have sparked conversations among industry peers.
As tax compliance challenges escalate, his contributions are giving the industry a much-needed revamp. Eg: Technologies like the Connected Tax Analytics Suite and Tax Data Sphere, developed under his guidance are harnessing artificial intelligence (AI) and advanced data analytics to reduce data processing times from days to minutes. This enables companies to navigate their tax duties with remarkable efficiency.
Handling Tomorrow’s Finance and Tax Innovations
About the future of finance and tax technology, Santhosh believes that the human element will remain integral to the success of its innovations. “While technology can enhance efficiency, it is business practitioners who bring insight and critical thinking to the table. The goal is to harness technology to elevate their capabilities” he notes.
Data and AI clearly fuel innovations that promise to restructure how businesses handle their tax obligations. With a commitment to simplifying complex processes through speed and precision, Santhosh’s work ensures technology complements human expertise in reshaping tax practices. “We strive to utilize technology to amplify finance and tax professionals’ skills, keeping the experts and their expertise central to the process,” he says.
Under his leadership, the advanced technology sector is equipped well for a significant evolution that prioritizes both efficiency and critical analysis.
Note: Opinions and quotes above are the innovator’s personal views.
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