CCH Tagetik is a great example of a perfect unified Performance Management platform for the Office of Finance.
The company started in 1986 and is a trusted supplier of Corporate Performance Management 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 improving efficiency and reducing risks and costs.
CCH Tagetik offers robust, non-compromising on-premise and Cloud solutions for all IT-strategies. The software 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!
We have included a tax provision template in Tagetik. This template is based on best-practices and is designed as a starter-kit to optimize your tax reporting process and connect tax reporting with consolidation in your Tagetik environment. Again, easy tax automation for you.
Tagetik has developed an IFRS 16 application whereby you can easily calculate a lot of deferred tax positions. These positions can have a material impact on the tax position and need to be thoroughly reviewed. Moreover, we have experience with the review of these positions in Tagetik. Also with connecting the right reporting requirements. As a result, this approach enables you to have consistent and correct data within the finance and the tax departments
Multiple tax authorities require XML reports. Also, for various tax processes, XML reports are required. For example, country-by-country reporting requirements in multiple countries. Furthermore, you can submit MDR (Mandatory Disclosure Requirements), also known as DAC6 (the sixth version of the EU Directive on administrative cooperation), to the tax authorities in XML format. The same applies to statutory accounts and tax returns. Using Tagetik in combination with our tax templates, this process can be automated.
Would you like to know more about XML reporting? Just talk to Patrick. He’d love to give you his advice.