6OCTOBER 2025CFO TECH OUTLOOKManaging EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizersKevin ParkerSarah DawsonManaging Editoreditor@cfotechoutlook.comEditor's NoteEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com OCTOBER 2025, Vol - 11, Issue - 05 (ISSN 2644-2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Editorial StaffAva GarciaJoshua Parker Paul BarberJoy ParkerCopyright © 2025 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.A new wave of digital intelligence is changing how organizations handle tax preparation and compliance. Cloud-based platforms, powered by real-time data, automation and AI-driven intelligence, are replacing traditional systems with dynamic systems that think, adapt and learn from every filing cycle. Modern platforms integrate directly with financial systems, ensuring every transaction, deduction and regulation update flows into a single, secure environment. When tax codes change, cloud engines update instantly across global entities. Generative AI now assists professionals in interpreting new regulations, drafting compliance notes and explaining variances in plain language.Collaboration in tax operations has also entered a new era. Teams across offices and time zones can now work simultaneously on returns, audit trails and simulations without version conflicts or data silos. The result is faster turnaround times but unprecedented visibility and control across the entire tax lifecycle. Driven by these trends, the global tax software market is projected to reach $40 billion by 2034, expanding at a CAGR of 9.2 percent. Cloud deployments now account for more than 60 percent of total market share, showcasing how digital infrastructure has become essential to modern tax operations. This edition of CFO Tech Outlook highlights the leading innovations in cloud-based tax preparation software and how companies are aligning with these trends. It features a thought-provoking article by Christopher Phillips, Director of Anti-Money Laundering Compliance and Senior Vice President at Valley Bank, and Ann Downey, Vice President of Accounting at North American Bancard.In this edition featuring the Cloud-Based Tax Preparation Software of the Year 2025, we hope you gain fresh insights to power your digital transformation in tax operations.Let us know your thoughts!NEW EFFICIENCIES IN CLOUD-BASED TAX PREPARATIONDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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