Global Tax Advisory Services Category - Procurement Market Intelligence Report

  • Published: Mar 2019
  • Pages: 108
  • SKU: IRCMSTR11668-1
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Key findings: Tax advisory services

Insights offered in this tax advisory services market research report will aid buyers in tracking the pricing dynamics and devise the best possible category management strategy befitting the market dynamics across different regions. A comprehensive overview of the supply market includes supply cost structure, supplier selection criteria, and risk management insights.

Regulatory authorities are imposing newer taxation regulations to bring under the radar the emerging business models such as Internet retail, service aggregation, and digital payment solutions. Tax policies are continually being updated to accommodate various aspects of taxation such as indirect taxes, direct taxes, and taxes for transfer pricing for these new business models. Such dynamism is expected to contribute towards the category spend momentum of the tax advisory services market. The gradual shift from standalone tax advisory services to additional value-added services such as technical support, software support, and tax strategy consulting will further contribute to the category growth.

To know more about the year-over-year spend growth rate, download a free sample report.

Insights delivered

Our reports from the financial services category offer buyers with actionable data on the current and future growth drivers that will influence the category pricing dynamics across various geographies. Coverage of the US market, including category spend analysis, pricing outlook, and category management among others is also offered in this tax advisory services market intelligence report. Additional information includes an analysis of the cost and volume drivers, strategic sourcing insights, and risk management strategies.

Our portfolio of reports will help buyers understand:

  • Global and regional spend potential for tax advisory services for the period of 2018-2023
  • Pricing dynamics and category management objectives
  • Incumbent supplier evaluation metrics
  • Risk management matrix

Analyze the global category spend for tax advisory services

While companies are establishing their presence across multiple regions, they pledge their compliance with local and regional tax regulations and strategic tax planning specific to the regions of operations. Consequently, such increasing globalization of business is boosting the prospects of the tax advisory services market across the globe. The global tax reset project undertaken by international organizations such as G20 and OECD is expected to generate fresh international tax reforms to improve transparency, consistency, and sharing of information between tax authorities across nations. This will significantly contribute to the category spend growth in the coming years.

For more information on the exact spend growth rate and yearly category spend, download a free sample.

This tax advisory services market research report offers coverage of:

  • Regional pricing dynamics and factors impacting costs
  • Category management objectives
  • Supply chain margins and risk management insights

 

Optimize category spend for tax advisory services

To sustain in a market which is subjected to regular tax-related reforms, it is essential for buyers to engage with suppliers that implement technologies to improve their capabilities and support various tax-related functions. Such functions are based on the specifics of the buyers business which ease the way towards fulfilling tax compliance requirements.

This tax advisory services sourcing and procurement report also offers coverage of:

  • Key category management objectives
  • Supply chain management insights and pricing strategies
  • Category pricing dynamics

 

Assess category spend for the US region

Implementation of the TCJA and the BEAT act in the US have increased the probability of major reforms in the corporate tax strategy of the companies. This, on the other hand, will increase category demand as the companies will seek tax advisory services to ensure compliance with the reformed tax regulations. The popularity of cryptocurrency as a transaction medium in the US is driving the regulatory authorities to enact a new set of taxation guidelines and laws about these transactions. This is predicted to create a new market for cryptocurrency-centric tax advisory services in the US.

Additional information offered in this tax advisory services market research report will help buyers analyze:

  • Margins of suppliers in the US
  • Category pricing dynamics in the US
  • Price outlook and forecasts until 2023

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Build strategies for effective supplier selection

Buyers can achieve optimal category spend by partnering with suppliers that agree to provide services based on pricing models suitable for specific requirements. Such pricing models are aligned with the duration of engagement and the volume of the requirement of services.

This tax advisory services sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:

  • Competitiveness index for suppliers
  • Market favorability index for suppliers
  • Supplier and buyer KPIs

 

Devise effective category management strategies for tax advisory services

Category managers that have business across the globe are preferring to partner with global suppliers that have employed region-specific and sector-specific specialists. This will aid in complying with sector-specific tax-related regional laws and regulations.

Key insights offered in this tax advisory services market research report will help the buyers identify:

  • Risk management strategies
  • Pricing strategies to identify cost-saving opportunities
  • Supplier chain management strategies

 

Determine the spend dynamics for key geographies

The recent surge in business activities in APAC is propelling the demand for tax advisory services in the region. Introduction of new taxes such as VAT in MEA will influence the category growth. Government-led initiatives to attract more investments will result in more business activities in MEA, which will consequently, boost the category adoption rate in the region.

Key geographies analyzed in this tax advisory services sourcing and procurement report include the following:

  • APAC
  • MEA
  • Europe
  • North America
  • South America

Information on the top tax advisory services suppliers, critical insights into category pricing dynamics, category management objectives, and risk management matrix are offered in this tax advisory market research report. Download a free sample to access the reports complete scope of coverage.

Key Features of this Procurement Market Research Report

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix
 

 

Tax Advisory Services ­­- Procurement Market Analysis

According to our new tax advisory services procurement strategy report, a key factor contributing to the growth of this market is the increasing emphasis on the strict adoption of systematic documentation processes by regulatory bodies. This is prompting several organizations to approach tax advisory service providers to help them comply with the implementation of these processes within their organizations.

 

Tax Advisory Services- Procurement Best Practices

Buyers should form a cross-functional team to identify key suppliers, evaluate regional acceptance and usability, and determine the expense categories that should be covered under the program. Having a mixed group will also help build flexibility and reduce ambiguity in the procurement and payment process.

 

Tax Advisory Services - Procurement Challenges

Based on the analysis in this tax advisory services procurement market research report, a major procurement pain point experienced by the buyers is the difficulty in obtaining approvals for engagement due to rigorous formalities. Therefore, it is imperative to specify and enforce timelines for completion of various evaluation procedures.

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PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier-side levers
  • Buyer-side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx essentials
  • Supplier selection criteria
  • Service level agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: Deloitte
  • Profile: PwC
  • Profile: EY
  • Profile: KPMG
  • Profile: BDO
  • Profile: Grant Thornton

PART 11: US Market Insights

  • Category spend in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key Notes
  • Global category spend (2018-2023)
  • Category spend growth (2018-2023)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply-side levers
  • Cost-saving opportunities: Demand-side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for the category
  • Buyer KPI dashboard: Importance for the category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Organization
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Deloitte – Key information dashboard
  • PwC – Key information dashboard
  • EY – Key information dashboard
  • KPMG – Key information dashboard
  • BDO – Key information dashboard
  • Grant Thornton – Key information dashboard
  • US category spend (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

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