Product Tour: Cloud EPM Tax Reporting Overview

EPM: Tax Reporting Overview

EPM: Streamline your tax reporting processes

Oracle Cloud EPM Tax Reporting provides out-of-box reporting for the tax provision, country-by-country reporting (CbCR), and OECD Pillar Two. Improve and automate tax processes and meet critical corporate tax deadlines in one complete Cloud EPM platform.

Work with the most current data

Streamline your tax provision process by directly accessing financial data from your general ledgers or financial consolidation system and drilling through source system. Your tax calculations will use the most current data, giving you better accuracy and speed.

Calculate tax provision

Calculate the tax provision and automatically generate tax journal entries. Tax provision is calculated from the lowest level (legal entity or filing group) all the way up to the consolidated tax disclosure. These calculations address US GAAP and IFRS requirements out of the box.

Complements your existing tax compliance process

You can also export current tax provision and trial balance to the tax compliance software at the push of a button. Import tax return details directly from your tax return software, reducing the need for manual processes

Automatically populate country-by-country data

Automatically fill in the country-by-country reporting (CbCR) template directly from your ERP or financial consolidation systems. Provide complete transparency back to the source financial numbers.

Analyze tax data

Leverage dashboards that include pre-built key performance indicators (KPIs) for typical audit flags such as revenue by employee and return on equity.

Prepare locally, collaborate globally

The corporate tax group can collaborate on master and local files with users around the world by incorporating tax reporting details into Oracle Cloud EPM Narrative Reporting.

Automate with tax schedules

Completely automate processes that usually use spreadsheets with the tax schedule capability. Data collection, calculation, and analysis can all be automated, including supporting work papers for tax provision, tax compliance, research and development (R&D) credit, uncertain tax positions, and any tax data.

Track performance with dashboards

Maintain a tax calendar with important dates and workflow for key business processes in corporate tax (for example, audit management, tax provision, country-by-country reporting, tax compliance, and more). View the status of the tax close process at any time.

Meet critical deadlines

Monitor tasks around the globe and identify process bottlenecks between resources and systems. View tasks across numerous attributes, including status due date, priority, task owner, task reviewer, task category, tax jurisdiction, tax year, and more.

Get started with Cloud EPM Tax Reporting today

Request a Cloud EPM Tax Reporting demo