Royal Cosun is a cooperative of beet growers originating in the Netherlands but active worldwide. The organization reports under Dutch GAAP and communicates the preliminary yearly results before the audit. Implementing the tax provisioning template in OneStream makes the tax processes faster, more reliable, and more efficient for everyone involved.
Vanderlande is the global market leader for logistic process automation at airports, for warehousing and in the parcel market. The company aimed to improve efficiency and save time. Implementing Longview Tax automated 70% of the automated tax processes, leading to a 25-50% reduction in time spent on corporate income tax reporting and a more robust tax reporting process.
Starting 1 January 2023 multinationals are required to make all new calculations for Pillar 2. This ambitious timeline for implementation combined with new complex calculations require companies to take quick action. We developed a Pillar 2 model to make the calculations and assess the impact of the new rules.
Together with our partner Finext we were invited to Wolters Kluwer’s first episode of their new podcast series Finance Innovation Insiders, Insider’s guide into digital transformation. Want to know how Taxvibes perfected the Tax Provisioning at Van Lanschot Kempen with CCH Tagetik? Listen to the podcast!
Recently a proposal for public Country-by-Country Reporting (CbCR) has been endorsed by EU institutions opening the way for formal approval by the European Parliament.
The amount of data is ever-growing. A similar growth is seen in the demand for insight into this data. Presenting data in an easy and understandable way for end-users is key to achieve insight for users. Dashboards are the perfect tool for this.
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.