Tax Provision

Tax Automation
Calculate permanent and temporary differences directly from the source financial data in the general ledgers or from the financial consolidation system, significantly streamlining your tax provision process.

Tax Data Collection
Collect manually-entered data from regional controllers around the world using the complete tax package and workflow engine, ensuring that you have strong internal control over the data collection process, and giving instant insight into the exact status of the tax provision process at all times.

Tax Provision Calculation
Calculate the tax provision from the lowest level of detail (legal entity) all the way up to the consolidated tax disclosure, and generate the tax journal entries (addresses US GAAP, IFRS, and statutory provision, including the “balance sheet approach”).

Integration with Tax Compliance Software
Import tax return details from your tax return software into the application using the industry’s best data assurance tool. Export the tax provision and book trial balance to the tax compliance software at the touch of a button.

Country-by-Country Reporting Template

Seamless Data Automation
Seamlessly populate the Country-by-Country Reporting (CbCR) template with data from HFM, Oracle Financial Consolidation and Close Cloud (FCCS), or directly from ERP 3rd party finance systems, providing complete transparency back to source financial numbers.

Data Collection
Collect information automatically or manually from the out-of-box, web-based CbCR template. The process can be managed by the workflow engine to ensure controls and timely completion of details from users around the world.

Dashboards and Analysis
Use dashboards that include prebuilt key performance indicators (KPIs) for typical audit flags like “Revenue by Employee” and “Return on Equity.” All data can be easily discovered via standard Oracle reporting tools like Smart View and Hyperion Financial Reporting.

Local and Master File Collaboration and Preparation
Leverage a complete CbCR solution by integrating the Tax Reporting Cloud details with Oracle’s narrative management solution: Enterprise Performance Reporting Cloud, allowing corporate tax to collaborate on the local files with users around the world.

Workflow and Task Management

Tax Calendar
Allow corporate tax to maintain important dates and workflow for key business processes (e.g. audit management, tax provision, country-by-country reporting, tax compliance, etc.) in a single, easy-to-use system.

Global Collaboration
Provide enterprise-level collaboration with dynamic, data-driven approval orchestration, including 3rd parties in workflows.

Microsoft Office Integration
Make managing daily tasks easy for end users with a workflow engine that includes integrated tasks with Microsoft Office.

Deploy a fully-secure, cloud-based application with role and data access rights.

Tax Schedules and Dashboards

No More Spreadsheets
Completely automate processes that are typically based in spreadsheets using the tax schedule capability. Data collection, calculation and analysis can all be automated, including supporting work papers for tax provision, tax compliance, R&D Credit, uncertain tax positions, and any tax data.

Dashboards for Tax Key Performance Indicators
Utilize out-of-the-box dashboards with key performance indicators (KPIs), and create custom dashboards for any tax metric.

Tax Process Improvement
Provides a framework for constant process improvement for the tax function.