Finance teams at international companies face familiar and fixable challenges when it comes to consolidation and close. Modern EPM platforms remove many of the manual bottlenecks and control risks that slow reporting and increase audit effort. Below are the core success factors every finance leader should be watching. 1. Data quality and consistencyInconsistent accounting policies,…
Organisations are under increasing pressure to deliver accurate, timely, and transparent financial and tax reporting. Despite shared goals, data and timelines, finance and tax teams can often be disconnected, creating process inefficiencies, compliance risks and missed opportunities. Aligning both functions can drive better business outcomes, but integrating them remains a complex challenge for many organisations…
Without a clearly defined data strategy Pillar 2 could be the largest liability you are currently facing. Pillar 2 compliance is not simply a tax issue; it is a data challenge. The legislation demands potentially thousands of data points from various sources, which need to be collected, aggregated and reconciled consistently, accurately and on time. For in-house…
If your teams are battling spreadsheets, you are already behind with Pillar II. Tax and finance teams are already stretched by the granular, entity-level data requirements of Country-by-Country Reporting (CbCR). Now, Pillar II (the global minimum tax) will introduce over 150 new data points per entity. In practice, this means collecting, reconciling and reporting thousands of data points.…
With the introduction of the BEPS Pillar II regulations, businesses globally face a new set of compliance challenges. For major multinationals Pillar II compliance is now required and will mean a significant data challenge across jurisdictions. However, it also provides a unique opportunity to rethink and enhance existing processes and leverage advanced systems to meet the…
I’ve recently started a piece of work using Oracle Hyperion Financial Management (HFM), a tool and solution that has been very good to me over the years. After a few minutes of re-familiarisation it started to feel like working with an old friend but it wasn’t long until I realised I had moved on, instead…