Gartner defines business process automation (BPA) tools as software that enables the design, execution and monitoring of business processes involving diverse sets of systems and humans. BPA tools provide an environment for developing, running and monitoring business processes that incorporate process models (and other business, decision and data models) enabling automation of business operations. BPA tools play a crucial role in streamlining business processes, thereby increasing efficiency, reducing human error and enabling better decision making across various functions and industries.
Tax software solutions help businesses manage and file their taxes, stay compliant with tax laws and regulations, and reduce the risk of errors and penalties. The primary functions of tax software include calculating tax liability, generating tax forms and reports, and electronically filing taxes with domestic and cross-border tax authorities. It includes collaboration tools to allow tax teams to work together on tax preparation and filing and can be integrated with other applications to streamline the tax compliance process. Additionally, the software can be an integrated compliance suite or specific to individual processes such as provision, indirect tax, and transfer pricing.