CCH Tagetik
CCH Tagetik offers robust, non-compromising on-premise and Cloud solutions for all IT-strategies. The software allows for connecting financial and operational data in a unified intelligent platform.
- Taxvibes tax template available
- Integrated approach with financial consolidation
- Advanced XML output functionality
CCH Tagetik is part of Wolters Kluwer. The company is a trusted supplier of EPM and Business Intelligence software for budgeting, forecasting, financial consolidation and disclosure management.
By compiling all financial processes in a single application, CCH Tagetik helps organizations to improve efficiency and reduce risks and costs. CCH Tagetik distinguishes itself from others with a clear focus on the EPM domain and smart integration with connected solutions such as Microsoft BI, SAP HANA, and Qlik!
The advantages of tax for CCH Tagetik by Taxvibes
The Taxvibes tax provision template in Tagetik
We have developed a tax provision template in Tagetik. This template is based on best practices and is designed as a starter kit to optimize the tax reporting process and connect tax reporting with consolidation in your Tagetik environment. This allows for easy tax automation.
Deferred tax calculations with IFRS 16
Tagetik has developed an IFRS 16 application allowing easy calculation of deferred tax positions. These positions can have a material impact on the tax position and need to be thoroughly reviewed. Taxvibes has extensive experience reviewing these positions and connecting the right reporting requirements in Tagetik. As a result this enables you to have consistent and correct data within the finance and the tax departments.
XML reporting
Using Tagetik in combination the Taxvibes tax templates advanced XML outputs can be automated. Multiple tax authorities require XML reports. Also for various tax processes XML reports are required. Think of:
- Country-by-Country Reporting (CbCR) in multiple countries to the tax authorities
- Mandatory Disclosure Requirements (MDR, or also known as DAC6 the sixth version of the EU Directive on administrative cooperation)
- Tax returns and statutory accounts
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Enable your Tax processes with CCH Tagetik
As a Tax specialist, are you locked into labor intensive data collecting processes? And would you rather spend your valuable time on analysis and supporting business challenges? CCH Tagetik offers the solution!
