Grant Thornton’s Tax Practice Embraces Data Visualization

Chicago-based Grant Thornton (FY17 net revenue of $1.8 billion) has equipped the 1,600 professionals in its tax practice with Microsoft Power BI – a data visualization tool. The firm announced that the move demonstrates Grant Thornton’s commitment to innovative technologies that benefit clients.

Using Power BI, Grant Thornton will be able to aggregate large amounts of data into graphs and charts that tax professionals can instantly understand – helping them go beyond spreadsheets. “Making Microsoft Power BI available to all professionals at every level of the tax practice reflects our belief that data is the future of tax accounting and professional services,” says Jamie Fowler, national MP of tax services.

Applying data visualization tools to tax data makes it easy for anyone to understand a company’s tax position. Moreover, it can yield unexpected business insights. “Because tax information touches almost every aspect of a business from sales to compensation, performing data visualizations as part of a tax engagement often provides revelations that go beyond taxation,” adds Fowler.

Power BI will complement Grant Thornton’s previous deployments of data-visualization software – and also serve as the foundation for new offerings. All Grant Thornton tax professionals are receiving extensive training in Power BI and related efforts.

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