Tax Reporting Cloud Services

PwC + Oracle = Tax Solutions Packaged Experience the efficiency of the PwC tax plug-in for the Oracle Financial Reporting solution and free up your people for value-add tasks like analysis and planning.

Moving your tax reporting to the cloud doesn’t just cut costs and save time. It can also improve the quality of your reporting and its strategic value in your organisation.

Automating manual processes and reducing fragmentation will also help you align to HMRC’s tax system modernisation initiatives. With PwC and Oracle, organisations are at last benefiting from one complete tax and finance reporting solution.

PwC + Oracle = Powerful PartnershipOracle Hyperion Financial Reporting is a proven market-leading solution that enables companies to streamline and automate the production of tailored financial and management reports that are book-quality and GAAP-compliant. However, all too often an organisation’s tax reporting can remain highly manual and fragmented across different spreadsheets and formats – resulting in complexity and inefficiencies.

PwC has partnered with Oracle to develop the Tax Reporting Cloud Service (TRCS) that harnesses the power, scalability and cost-effectiveness of cloud technology to revolutionise tax reporting. The offering leverages PwC’s expertise in consulting, data management and implementation to automate reporting on tax whilst mirroring an organisation’s existing tax and finance processes.

The result is empowered clients who have increased certainty in their budgeting process and simpler, streamlined means of understanding what drives effort and cost within their business.

Financial consolidation

Income Tax provision and compliance

Tax risk management

Country by country reporting

Operational transfer pricing

Indirect tax compliance and analytics

Excel tax workpaper

TRCS is a versatile tool that can be deployed for the following purposes:

PwC has seen automated solutions deliver significant value in areas including:

Tax provision consolidation

Country by country reporting

Tax workflow

Tax dashboards

Tax Reporting Cloud Service

The PwC package

Component What’s included

Standard Process PwC standard process

Data quality PwC templates completed by client

Data import format PwC templates completed by client

Workpaper templates PwC standard

Report templates PwC standard

Adjustments PwC standard

Automation Single mapping, e.g. PBT

Training 1/2 day classroom admin training; 2 hour WebEx end user training

Support and Documentation Standard PwC Guidance documents 5 days go live support

Number of users Minimum of 10

Support and Documentation Standard PwC Guidance documents 5 days go live support

Project length From 12 weeks

www.pwc.co.ukThis publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers LLP, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

At PwC United Kingdom, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/uk.

© 2017 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to the UK member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

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