As legislation changes, organisations face difficulties in making sense of new requirements and their implications on business processes. Furthermore, tax authorities globally are mandating digital reporting and filing. Poor data quality and lack of expertise in identifying the appropriate platforms to meet the requirements often leave businesses struggling to comply with legislation.
Challenges
What can we do?
Our specialist Finance and Tax Technology practice achieves compliance and meets organisational goals by re-engineering and digitalising processes. We partner closely with the specialists to interpret the requirements across multiple regions and successfully deliver end-to-end Finance and Tax solutions in the most complex regimes, including countries in the LATAM region, as well as new regimes such as GCC countries.
Our Capabilities
Working with organisations to define end-to-end solutions that meet the requirements of finance and tax functions.
Technology
We are experts in delivering the most compliant and efficient solution with the best practices. By identifying and implementing the right finance and tax platforms for your business, we ensure that you meet your regulatory, statutory and reporting obligations across global jurisdictions.
Optimisation
We deliver solutions that improve data quality and enable successful automation using expert insight into best practices and technological advancements. Reducing the record to report and record to tax cycle time whilst ensuring compliance and inherent controls over required audit trails.
Business Intelligence
Our experts work with you to deliver data analytics and executive dashboards that enable simulation of what-if scenarios – driving finance and tax planning, post-M&A synergies and cash flow decisions. We also support our clients in providing visibility on opportunities to drive future business structuring and process improvements in finance and tax functions.
ERP systems
We deliver end-to-end Finance & Tax solutions by integrating with the supply chain and logistics value streams. We have expertise in implementing solutions across the globe in various jurisdictions. Our ERP system experience includes SAP S/4 HANA, Oracle NetSuite, JD Edwards, and Microsoft Dynamics.
External compliance solutions
In more complex jurisdictions such as LATAM and North America, ERP systems do not provide complete solutions.
For Tax Functions, we partner with your tax teams to deliver more suitable solutions enabled by external tax engines, including Vertex Series and Thomson Reuters OneSource.
We partner with EPM solution providers for Finance Functions to implement complete finance solutions from record to report for internal and external stakeholders.
Region specific solutions
Each jurisdiction has specific requirements that need to be interpreted using bespoke solutions. Our consultants are experts in successfully implementing regional solutions, including e-accounting and e-filings for GAAP reporting and tax submissions.
Improving the efficiencies
We partner with your finance and tax departments to identify inefficiencies in the end-to-end business processes and manual non-value-adding activities. With our expertise, our team drives the adoption of automated best practices and streamlined procedures.
Reducing the risk profile
Manual processes and poor quality of data results in insufficient audit trails and organisations operating with higher than necessary risk profiles. Our advisors will support your team in improving data quality and automating compliance processes to manage these risks.
Preparing for new legislation/reporting obligations
We work with organisations to understand legislative changes and design appropriate business processes and systems, ensuring compliance with new legislation ranging from tax changes to electronic invoicing and digital accounts filing.
Reporting
Our team implements automated compliance reporting processes that manage the large volumes of complex data required for digital filings and reporting, adhering to best practices and driving accuracy.
Decision making
We understand the importance of data in driving compliance and providing intelligence for future opportunities. We improve the data analytics used for tactical and strategic decision-making by introducing processes and best practices to our clients that drive accuracy.
Business insights
Our team works with you in developing business analytics tools to identify potential opportunities to improve efficiencies in the areas such as operational taxes and transfer pricing using best practices and data standards.
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