A digital transformation only helps the organization if the tools it embraces are connected to each other, otherwise you’re still putting siloed solutions in place.
BUILDING BLOCKS FOR TAX
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Now you know why, what and how changes in the tax landscape will start changing your own role and responsibility. TPA is providing you with a webinar series on ‘Building Blocks for Tax software’, where each webinar connects ‘one software type with another type’ through the use of connectors or so-called APIs. 

Lego for Tax - The Next Digital Transformation

A digital transformation only helps the organization if the tools it embraces are connected to each other, otherwise you’re still putting siloed solutions in place. The real advantage comes when systems “talk” to each other.

Through many conversations with corporates on their digital transformation and on how they decide which technologies to embrace: Their world today is one big box of individual building blocks, without the connections which makes it so special.

Key is to build your building blocks for tax using the following criteria:
1. connect to each other seamlessly.
2. Increase efficiency of data and people’s workflows.
3. is easily scalable, both bigger and smaller.
4. Secured so nobody can enter unwanted.

Compliance Tracker + OneraX

A digital transformation only helps the organization if the tools it embraces are connected to each other, otherwise you’re still putting siloed solutions in place. The real advantage comes when systems “talk” to each other.

Through many conversations with corporates on their digital transformation and on how they decide which technologies to embrace: Their world today is one big box of individual building blocks, without the connections which makes it so special.

Key is to build your building blocks for tax using the following criteria:
1. connect to each other seamlessly.
2. Increase efficiency of data and people’s workflows.
3. is easily scalable, both bigger and smaller.
4. Secured so nobody can enter unwanted.

SasViya / Connector / Source Tier

A digital transformation only helps the organization if the tools it embraces are connected to each other, otherwise you’re still putting siloed solutions in place. The real advantage comes when systems “talk” to each other.

Through many conversations with corporates on their digital transformation and on how they decide which technologies to embrace: Their world today is one big box of individual building blocks, without the connections which makes it so special.

Key is to build your building blocks for tax using the following criteria:
1. connect to each other seamlessly.
2. Increase efficiency of data and people’s workflows.
3. is easily scalable, both bigger and smaller.
4. Secured so nobody can enter unwanted.

A Structured and Automated Model for HQ/SSC/Other Intercompany Service Charges - The 3x3x3 and OneBiller Approach

TPA Global has designed a full and automated standardized model to charge any I/C services together with the in-house IT/Finance/Tax teams called “3x3x3”. The first in-house projects were designed and implemented 5 years ago.

OneBiller is the only full-service software solution that centralizes the intercompany accounting function of multinational organizations to automate manual processes and reduce back-office costs, reduce global compliance and tax risks, and optimize resource efficiency without using a pricey license-based implementation method. Using the “3x3x3” design, together with the OneBiller implementation, companies will:

  • Prevent Excessive Indirect Tax Payments Globally
  • Avoid Compliance Risks & Tax Penalties
  • Avoid tax on (deemed) interest payments for unpaid intercompany transactions
  • Provide accurate business performance reporting
  • Improve Productivity of Company Resources

FourQ is the only full-service, complete solution for automating intercompany invoice management for large, multinational organizations and their suppliers. They employ industry-leading expertise to improve shared service productivity while reducing global tax and compliance exposure.

How To Automate The Relevant Tax Data Transfer Into Your Country-By-Country Reporting?

During this webinar, the first ‘building block’ will be the R7 tool by Cygnet, which extracts the tax relevant data pool for CbCR, VAT and your intercompany transactional matrix etc. This way you need to only extract data once, instead of organizing data extraction for each tax workflow separately.

Through R7 and a connector with another piece of software for transfer pricing, named TP Genie, the first excel spreadsheet – out of 3 – of the CbCr is being completed, which allows you to automate lots of data handling and financial workflows, to free up your tax team to perform the CbCr ‘outlier analysis’ as well as the ‘XML-conversion’, both of which are additional functionalities you’ll find in the TP Genie toolbox.

A universal approach to collection of ‘data relevant for tax’ will be a pre-requisite to bring efficiencies into your tax workflows – often by the demand of the CFOs – and will often secure a proper ‘in control on tax compliance’ statement as well.

We invite you to this interactive webinar, where various polls will be used to get the input from our audience during the event. In addition, a few short videos will be shown to illustrate the more holistic way in which tax data needs to configured and transformed to be ready for the filing in the digital mailbox of the tax authorities.

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