Continuous Transaction Control also changes bureaucracy

[nurmohammadkhan]

Yet creating a network of this type, of secure, traceable transactions, both national and international, should be an objective to be pursued by States and companies, so as to increasingly expand the available market space in which to move easily without tax obstacles or compliance risks. For this reason, companies must also do what they can to do positive lobbying activities, putting pressure on national and international institutions and bodies in order to implement all the necessary measures that lead to building unitary and shared Continuous Transaction Control models and platforms .

A very positive consequence of the adoption of Continuous Transaction Control armenia whatsapp resource systems is then systematic and can be understood by adding what has been said above. Thanks to dematerialization, the introduction of interface platforms and controls substantially contemporary with the conclusion of the various transactions, it is expected that where there are CTC systems , the weight of bureaucracy can be reduced over time.

Digital management, in fact, should simplify procedures and, therefore, allow companies to spend fewer resources (both human and economic) to carry out all the required procedures, always provided that companies continue to invest in technologies, in order to keep up with the evolution of control systems. It is clear that implementing systems of this kind is not a given and not without difficulties, but it is equally undeniable that this is the future direction. Moreover, according to many experts, the main emerging economies and a good part of the fully industrialized countries will be engaged in this path at least until 2030 , a date in which it is expected that the level of maturity and awareness in the use of these tools will be such as to make Continuous Transaction Control systems the main tax assessment methods both nationally and internationally (Source: Fintech Direct).

Every company, therefore, is called to do its part, so as not to be excluded from this trend and above all to be able to fully reap the benefits that CTC solutions ensure to the entire country system. The challenge is open and much is at stake, but it is also true that digitalization is now an accepted reality in many sectors and it must be the same also when it comes to transaction control.