Tax provisioning is a highly complex area that is in both the tax and the accounting domain. Within many Finance departments tax is often conceived as slowing down the close cycle as a whole. The new rules on uncertain tax provisions (IFRIC 23) can add to the complexity. In our webinar we have shown how these changes might affect your tax position.
Louwman Group, one of the largest automotive companies in Europe, is innovative and ambitious. The family business wants to be able to adequately respond to the rapidly changing trends in the mobility world with new revenue models. The implementation of Board supports this ambition with improved processes for integrated planning, consolidation, and tax reporting.
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.
The process of tax provisioning causes peaks each reporting period. The internal process of retrieving and evaluating all relevant data for the tax closing process makes this workload even heavier. Fortunately, a new Tax Provisioning Template for OneStream XF can make your entire tax process more effective.