Automate 67 percent of tax processes with Alteryx

September 4, 2024 - Research Y138

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The tax code never gets simpler, and staffing shortages persist. This has forced tax professionals to adopt modern data management and analytics tooling to accommodate increasing workloads without escalating costs in parallel. To investigate the value attained through the use of modern analytics tools, Nucleus spoke with multiple organizations that adopted Alteryx and achieved positive returns. Quantifiable benefits include five percent revenue growth within 18 months of adoption, over 25,000 hours in time savings in a three-week proof of concept, and automation of 67 percent of tax-related tasks. The platform simplified workflow development, allowing business users to create their own solutions, which yielded both cost and time savings for tax departments.

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