Governments around the globe demand more transparency and information from multinational companies, increasing the risk of controversy. Country-by-country reporting requires a robust collection of relevant data in a consistent format across the international group. The reality is that companies battle with diverse ERP systems, data formats, and collecting structured and unstructured data.
Real estate company W.P. Carey has to provide separate tax reports for over 250 entities in 30 countries. The multinational company wants to make its tax processes less labor intensive and less time consuming. The Anaplan Tax App replaces 250 Excel-spreadsheets, which makes the processes faster and more stable.