Oracle Tax Reporting Cloud

Transcription

1 Public Oracle Tax Reporting Cloud Accelerating your Tax Implementation Ken Kramer Senior Principal Product Manager March, 2018 Copyright 2018, Oracle and/or its affiliates. All rights reserved.

2 Safe Harbor Statement The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle s products remains at the sole discretion of Oracle. Copyright 2018, Oracle and/or its affiliates. All rights reserved. 2

3 Presented by: KEN KRAMER Ken is a Senior Principal Product Manager focusing on the developing the Oracle Tax Suite especially in relation to the tax reporting products. SCOTT HICE scott.hice@taxpe.com Scott is CEO of TAXPE Tax Performance Engineering. TAXPE works with companies to develop a risk-based approach to the global income tax reporting process, focusing on maximizing efficiency through the use of technology. Copyright 2018, Oracle and/or its affiliates. All rights reserved. 3

4 Agenda Best in Class Tax Reporting Solution Oracle Tax Reporting Cloud (TRCS) Accelerating an Oracle TRCS implementation Summary Q&A Copyright 2018, Oracle and/or its affiliates. All rights reserved. 4

5 Agenda Best in Class Tax Reporting Solution Oracle Tax Reporting Cloud (TRCS) Accelerating an Oracle TRCS implementation Summary Q&A Copyright 2018, Oracle and/or its affiliates. All rights reserved. 5

6 A Modern Tax Reporting Solution Delivers Deploy Quickly By leveraging pre-built modern best practices Constantly Improve By increasing visibility to your process and identifying bottlenecks Reduce Costs By leveraging technology to scale when your business scales Increase confidence With a configurable centralized location for all required reporting details Better Insight With a modern visual platform that focuses attention on key metrics Increased Automation Best practice solution for collaboration, workflow, calculation, and audit flags Copyright 2018, Oracle and/or its affiliates. All rights reserved. 6

7 DO YOU HAVE A TAX PROVISION SOLUTION DOES IT DELIVER - a centralized reporting solution to streamline all your tax reporting requirements? - a packaged solution that will address the Country by Country reporting (CbCR) mandate? - visibility to the entire tax reporting process? - direct integration with source finance systems? - a configurable collaborative task management and calendaring framework? Copyright 2018, Oracle and/or its affiliates. All rights reserved. 7

8 Agenda Best in Class Tax Reporting Solution Oracle Tax Reporting Cloud (TRCS) Accelerating an Oracle TRCS implementation Summary Q&A Copyright 2018, Oracle and/or its affiliates. All rights reserved. 8

9 Oracle Tax Reporting Cloud Service (TRCS) Best practice global tax reporting out-of-the-box Tax Process Improvement Framework Integration with ERP, EPM and beyond Comprehensive reporting Tax Provision CbCR Workflow Supplemental Dashboards Data Data Management Reporting Copyright Copyright 2018, Oracle 2018, Oracle and/or and/or its affiliates. its affiliates. All rights All reserved rights reserved. 9

10 Best Practice Tax Reporting Out-of-the-Box Tax Provision solution includes rich automation features (e.g. calculating permanent/temporary differences from book data) CbCR solution includes CbCR template, data collection, workflow, data automation, pre-built KPIs for audit flags. Pre-built dashboards and reports deliver simple self service reporting Copyright Copyright 2018 Oracle 2018, and/or Oracle and/or its affiliates. its affiliates. All rights All reserved. rights reserved. 10

11 Tax Process Improvement A configurable Task Management and Calendaring framework that is integrated with finance systems A configurable supplemental data management tool that provides a centralized repository for manual input Configurable Dashboards that include analysis across Total Tax (direct, sales & VAT, Fixed Assets, Property tax, etc) Copyright 2018, 2018, Oracle and/or its its affiliates. All All rights reserved. 11

12 Seamless Transparency between Tax and Finance Report on data across tax, consolidation, planning and ERP. Direct data integration with source finance systems (both Cloud and on Premises) Strong compliance framework including auditing & segregation of duties Copyright 2018, 2018, Oracle and/or its its affiliates. All All rights reserved. 12

13 Agenda Best in Class Tax Reporting Solution Oracle Tax Reporting Cloud (TRCS) Accelerating an Oracle TRCS implementation Summary Q&A Copyright 2018, Oracle and/or its affiliates. All rights reserved. 13

14 Reduce your time to Go-Live with Oracle Partner Accelerators Converting from Onesource Tax Provision to TRCS Copyright 2018, Oracle and/or its affiliates. All rights reserved. 14

15 Converting Metadata from Onesource Tax Provision (Entities, Chart of Accounts, Perms, Temps, Tax Rates, and so on) Steps Export Categories from OTP -> Excel file Use Smart View accelerator to convert metadata Import using Smart View dimension editor Entities Book Accounts (Chart of Accounts) Tax Account Codes (Perms, Temps, NOLs, Credits, Tax Adjustments, etc.) Jurisdictions, States Deferred and Payable roll-forwards, ETR structures and roll-ups Copyright 2018, Oracle and/or its affiliates. All rights reserved. 15

16 Export OTP Categories to Excel (i.e. metadata) Onesource Tax Provision Consolidated Rate Legal Entities Permanent Difference Codes Temporary Difference Codes Copyright 2018, Oracle and/or its affiliates. All rights reserved. 16

17 Converting Tax Period Data from Onesource Tax Provision (Book and Tax Data, Tax Rates, and so on) Steps Export Dataset from OTP -> Excel file Use Smart View accelerator to convert dataset data Import using Smart View Book Data (Trial Balance, PTBI, etc.) Tax Adjustment Amounts (Perms, Temps, NOLs, Credits, Tax Adjustments, etc.) Tax Rates FX Rates Copyright 2018, Oracle and/or its affiliates. All rights reserved. 17

18 Export OTP Dataset to Excel (i.e. data) Onesource Tax Provision Tax Rates PTBI Temps Perms Copyright 2018, Oracle and/or its affiliates. All rights reserved. 18

19 Import Metadata and Tax Period Data using Accelerators to TRCS Compare TRCS OTP Copyright 2018, Oracle and/or its affiliates. All rights reserved. 19

20 Agenda Best in Class Tax Reporting Solution Oracle Tax Reporting Cloud (TRCS) Accelerating an Oracle TRCS implementation Summary Q&A Copyright 2018, Oracle and/or its affiliates. All rights reserved. 20

21 Rapid Go Live at Minimal Cost SaaS Pricing: $2,500/month (10 users) Access the system in 5 days, go live in 4-8 weeks Fixed scope implementation packages available Dedicated Oracle Customer Success Manager throughout your implementation Copyright 2018, Oracle and/or its affiliates. All rights reserved. 21

22 Safe Harbor Statement The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle s products remains at the sole discretion of Oracle. Copyright 2018, Oracle and/or its affiliates. All rights reserved. 22