Insight

Digital procurement and intelligent automation offshoring

Depending on how an organization's bots are acquired, developed and deployed, they could create tax advantage.

Combining operational excellence with tax model to drive efficiency

Cost savings arising from internal efficiencies and operational benefits aren't the only financial advantages bots can provide. Just as human workers can be off-shored for economic benefits, operations handled by bots can also be moved to countries with more economic friendly regulations. Depending on how an organization's bots are acquired, developed and deployed, they could create tax advantage or exposures, providing additional and sometimes significant savings.

Robotic process automation (RPA) uses software robots (bots), to digitize labor, offering an efficient, productive and cost effective alternative to the standard human workforce. Because of its effectiveness, companies are beginning to adopt RPA to replace or supplement employees for tactical activities inside the supply chain organization -- in procurement, contract management, problem solving, business planning, in-depth analysis and computer programming. 

Bots are allowing procurement departments to react quickly to changes in the marketplace.

Because bots are basically software, some of the profits attributed to the savings they create could be generated in a tax-advantaged jurisdiction.

Learn in this paper about:

  • how bots are transforming the marketplace
  • using bots to your tax advantage
  • offshoring vs. outsourcing
  • potential risks associated with offshoring and the possibility of digital taxation
  • example use cases for offshore procurement leveraging employees and bots. 

Digital procurement and intelligent automation offshoring

Depending on how an organization's bots are acquired, developed and deployed, they could create tax advantage.