With a large number of entities in many countries it is difficult to be in control of changes to the entity structure and changes in business activities. Furthermore, it is necessary to collect not only the mandatory figures required by the OECD, but you also need to collect additional figures. The additional figures are needed to ensure that you have data that can explain risks which might be identified by the tax authorities from only analyzing the OECD mandatory figures. In addition, you need an analysis tool that allows you to perform the same screening as the tax authorities will do, based on the OECD handbook on effective tax risk assessment.
Read more about definitions: Country by Country figures – what are the definitions?
Decide thresholds and KPI’s for analysis
Decide what data should be collected
Establish a process for collecting data and configure the the solution (who, when and how?)
Automatic update of changes in entity list and entity data (including Business Activities)
Automatic collection of relevant data for a new period, e.g. directly from a group accounting system
Automatic validation that data is complete and accurate
Reports that support manual review of reported data
Automatic comparison with historical data
Automatic controls against established parameters
Analysis of OECD screening points presented in relevant reports
Interpretation of the analysis and preparation of risk report
Inclusion of explainations in Table 3 based on the analysis
Automatic creation of XML-file for relevant jurisdictions
Quality of data is of great importance. Our solution has many in-built functions to increase quality and ensure that you are in control of the entire process. Furthermore, data can be collected at the source which secures the accuracy of the input.
Our solution is for everyone! With a flexible solution you can adapt to the needs of different organizations. The modular approach together with configuration and customization possibilities allows you to get a solution that is relevant for you.
A good user experience is key in our solution. We help both editors and process owners by providing simple and clear processes and functions to minimize administration. Our interface is simple to use and the same structure is recurring throughout all modules.
As everyone has been assigned with roles and responsibilities with tasks to perform, your organization will save a lot of time by automating the data collection process. The collected data is always up to date which avoids work being done twice.
Digitalization of head office functions – what does it mean? Join us for a digital meeting and we will talk about your company’s needs and where you can start a digitalization journey with all of your group’s head office data.