Discover Oracle Cloud EPM Tax Reporting in this product tour.
Streamline your tax provision process by directly accessing financial data from your general ledgers or financial consolidation system. Your tax calculations will use the most current data, giving you better accuracy and speed.
Calculate the tax provision and automatically generate tax journal entries. Tax provision is calculated from the lowest level (legal entity) all the way up to the consolidated tax disclosure. These calculations address US GAAP and IFRS requirements out of the box.
Import tax return details directly from your tax return software, reducing the need for manual processes. You can also export tax provision and trial balance to the tax compliance software at the push of a button.
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.
Leverage dashboards that include pre-built key performance indicators (KPIs) for typical audit flags such as revenue by employee and return on equity.
The corporate tax group can collaborate on local files with users around the world by incorporating tax reporting details into Oracle Cloud EPM Narrative Reporting.
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.
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.
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.
Address the most significant change in global taxation by assessing Pillar Two top-up tax liability. The solution provides end-to-end capabilities for top-up tax calculations, including Global Anti-Base Erosion (GloBE) Rules, covered tax, effective tax rate reconciliation, and tax liability determination.
Minimize the burden of broad tax function data requirements and delays to the financial close process and automatically collect data from various source systems such as ERP, subledgers, financial consolidation, HR, tax provision, and CbCR.
Reduce the impact of the new requirements across the enterprise by ensuring seamless collaboration between tax, finance, and other operational areas with Task Manager, which can assign and monitor tasks from a central dashboard. Additionally, Oracle Cloud EPM can serve as a single book of record across the tax department, the controller’s organization, and FP&A, delivering greater efficiency and accuracy.
Prepare for the new realities of the global minimum tax and model its future impacts by leveraging world-class calculation and reporting capabilities. Tax users can also copy Pillar Two data to forecast scenarios for end-to-end modeling.
Meet global tax reporting requirements easily on a continuing basis with best practices. Tax provision and country-by-country reporting come out of the box.
Stop using spreadsheets for other key tax processes. Workflow, configurable tax schedules, dashboards, and robust reporting capabilities allow any tax process to be automated, including controversy management, uncertain tax positions, R&D credit, data collection for transfer pricing, data collection for tax compliance, and more.
Enable greater efficiency for tax processes, stronger controls, and unparalleled integration between book and tax reporting by leveraging your company’s investment in Oracle Fusion Cloud Enterprise Performance Management (EPM).
Make it easy as 1-2-3 to configure and maintain your tax processes with configuration wizards. Oracle Fusion Cloud EPM is easy to own while keeping you connected with finance systems.
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