Oracle’s Tax Reporting Cloud is an end-end tax provision solution designed to integrate with your key business processes and designed to empower your workforce. Our cutting-edge methodologies and practices create a seamless transparency between the Finance and Tax departments to allow ‘out-of-the-box’ tax reporting. We integrate these high-end solutions to bring about easily scalable and cost-effective financial processes in the quickest turnaround time.
Our gamut of tax reporting services extend from configuring tax schedules, dashboards, dubious tax positions, to R&D credit, and so on. This solution comes pre-loaded with configuration wizards that allow you to stay connected with the Finance at all times whilst your tax processes are simplified and controlled seamlessly. Oracle EPM Cloud’s superlative integration between book and tax reporting has paved way for immaculate reporting on data. We help automate and streamline labor-intensive processes by eliminating fragmented spreadsheets and holistically help manage your best practices achieve a financial close.
Oracle’s EPM Tax Reporting solution empowers your tax processes with rich features that comprise Tax Provision, Country-by-Country Reporting Template, Workflow, and Task Management, and Tax Schedules and Dashboards.
Tax Provision essentially comprises Tax Automation, Tax Data Collection, and Tax Provision Calculation.
Streamline your tax provision processes by obtaining a permanent and temporary delta within the financial consolidation system. These systems are designed to enable manual collection of data from global regional controllers and empower data collection processes by providing valuable insight at all times. This solution allows you to drill down to the lowest level of granularity and generate tax journal entries. Tight integration with Tax Compliance software allows you to import tax return details from your tax return software into the application with a single touch.
The Country-by-Country Reporting Template typically comprises Seamless data Automation, Data Collection, Dashboards Analysis, and Local and Master file Collaboration and preparation.
Seamless data automation allows you to populate the Country-by-Country Reporting (CbCR) template with third-party finance systems, HFM, Oracle Financial Consolidation, and Close Cloud (FCCS). Data Collection enables manual or automated collection of out-of-the-box templates by providing total control with visibility in processes. Dashboard Analysis comes with pre-loaded KPIs for audit flag templates, where you can effortlessly discover data with cutting-edge Oracle reporting tools. Local and Master File Collaboration and Preparation helps you leverage the seamless integration between Tax Reporting Cloud systems and Oracle’s Enterprise Performance Reporting Cloud.
Workflow and Task Management typically include Tax Calendar, Global Collaboration, integration with MS Office, and Security.
Tax Calendar allows you to record and manage to maintain important dates and workflows for key business processes on a unified platform. Global Collaboration offers collaboration at the enterprise level with the presence of third parties in workflows. Integration with Microsoft Office again is a workflow engine that simplifies routine and mundane tasks for end users. Security is another important aspect of a workflow and task management with appropriate role-based access permissions.
Tax Schedules and Dashboards eliminate the use of spreadsheets, generates dashboards for indicating KPIs, and provides a framework for Tax Process Improvement.
Spreadsheets are now replaced by automated processes that typically eliminate errors in the system. Dashboards for Tax KPIs generate real-time data with options for customization based on the metric used. Further, Tax Process Improvement offers a single robust framework for continual process improvement for tax functions.
XDuce is a preferred Oracle partner and a pioneer in implementing Oracle Tax Reporting Cloud solutions across heterogeneous enterprises. Our in-depth know-how of tax reporting best practices includes continuous supervision to enable your business to adapt to dynamic changes in tax processes and forecasting as well. We seamlessly automate and subsequently integrate these high-end solutions to bring about easily scalable and cost-effective tax reporting processes in the quickest turnaround time.
Our implementation also ensures that your native data and applications are stored in a secure, immutable format, enabling enhanced alignment of strategy to tactical actions to boost profitability. Quality-compliant standards at XDuce ensure minimal errors, risks, and inefficiency due to manual intervention in your current reporting system.
Reach us if you are looking at your organization operating at both global and local levels with cutting-edge Oracle Tax Reporting implementation solutions that provide consistency, alignment, and compliance.