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Hyperion Tax Provision A Key Element to a World Class Close
Transcript of Hyperion Tax Provision A Key Element to a World Class Close
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1 Copyright © 2012, Oracle and/or its affiliates. All rights
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Hyperion Tax Provision – A Key Element to a World Class Close
Jessica Downes
Jim Springer
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2 Copyright © 2012, Oracle and/or its affiliates. All rights
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Agenda
I. Introduction to Hyperion Tax Provision
II. Product Overview
III. What’s in the Box
IV. Q & A
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Hyperion Tax Provision Bring Finance & Tax Together
Purpose-Built / Out-of-Box: a Tax Provision solution
that is built on the Hyperion Financial Close Suite:
1. Data Collection - web & automated
2. Tax Provision Calculation - US GAAP & IFRS
3. Tax Reporting - includes suite of out-of-box tax reports
Autonomy - Leverage your existing investment in
Hyperion, but both Tax & Finance retain the flexibility they
need
Integrates with Tax Compliance - Enhances &
integrates with tax compliance software
Rapid Implementation & Ease of use: the technology &
expertise is already in the Finance organization
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Hyperion Tax Provision Tax & Finance Share the same DNA
Financial Close
Tax Close
Trial Balance Submit
Schedules
Review &
Approve
Submit
Schedules
Review &
Approve Consolidate
Consolidate Consolidating
Adjustments
Day 0 Financial
Statements
Tax
Journal Entry
& Tax Note
Trial Balance
By Legal Entity
Data - Meta Data - Resources - Controls Close
G/L Disclosure &
Filing
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Agenda
I. Introduction to Hyperion Tax Provision
II. Product Overview
III. What’s in the Box
IV. Demonstration
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Hyperion Tax Provision Overview
1. Current and Deferred Provision
2. Footnote / ETR
3. Web Data Collection
Current Provision
Deferred Tax
Workflow
4. Return-to-Accrual
5. State Provision
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Footnote
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Web Tax Package
Regional controllers can submit data to corporate
finance & corporate tax from one system: • Familiar interface
• Data automation
• Eliminates double-work & reconciliation
Entity-specific Perms & Temps
Workflow & governance
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Workflow
Strong internal controls • Real-time data status
• Validations
• Multiple levels of review
Streamlines data collection: • Tax
• Regional Controllers
Pushes accountability down to
data submitters
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Return to Accrual True-up
Final tax compliance details are imported
into Hyperion Tax Provision:
• One-touch
• RTA by Legal Entity by jurisdiction
• RTA adjustment flows to the current,
deferred and ETR
Tax Return period (e.g. P13) allows for
compliance preparation to take place in
Hyperion Tax Provision (e.g. draft 1120)
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State Tax Provision
“Blended” or “by State, by Legal
entity”
Integration with Federal Provision
Unitary, Combined, & Consolidated
Tax rates and apportionment
factors may be imported
State & Local (and Canadian
provincial)
Consists of:
• Current Provision
• Deferred Provision
• State Effective Tax Rate
• State Tax Account Analysis
• True-up
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Hyperion Tax Provision Key Benefits
I. Increased Automation & Efficiencies:
Data & metadata – leverage the same data assurance & metadata governance process
Web data collection – regional controllers only need to use one tool to submit finance & tax data
Foreign currency – leverage the same FX engine as used by finance
As much as 70% more efficient over an Excel-based tax provision process
II. Stronger Internal Controls: Closer alignment with the finance data & process
III. Improved Analysis & Reporting: Superior transparency between book and tax
Excel add-in (Hyperion Smart View)
Web reports (Hyperion Financial Reporting)
Drill-through to G/L (Hyperion Financial Data Quality Management)
Less time spent on reconciling data in Excel…
+ More time spent on value-added activities such as risk analysis & tax planning...
= Savings on cash tax / reduced effective tax rate
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Agenda
I. Introduction to Hyperion Tax Provision
II. Product Overview
III. What’s in the Box
IV. Q & A
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What’s Out of The Box Leverages all the Best-In-Class HFM features
• Audit Trails
• Process Control
• FDM Integration/Drill Down
• SmartView
• Etc.
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What’s Out of The Box Key Features of Hyperion Tax Provision
• Web Forms
• Tax Automation
• Reports
• Data Model
• Rules
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Web Data Forms – 35 Delivered Out of the Box
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Plus – It’s Easy to Build/Modify Your Own
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Fines and Penalties Enhanced Cell Text
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Tax Rates – Based on Entity (POV)
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Web Forms That Look and Act Like a Spreadsheet
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…And Can Be Opened in Excel
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What’s Out of The Box Key Features of Hyperion Tax Provision
• Web Forms
• Tax Automation
• Reports
• Data Model
• Rules
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Tax Automation
• Pre Tax Book Adjustments and supporting schedules
• Perm and Temp Differences by entity by jurisdiction 1. Pull
2. Movement
3. Squeeze
4. Balance Sheet Approach
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Tax Automation
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What’s Out of The Box Key Features of Hyperion Tax Provision
• Web Forms
• Tax Automation
• Reports
• Data Model
• Rules
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Approximately 75 Pre-Built Reports Out of the Box
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Plus It’s Easy to Build/Modify Your Own Hyperion Financial Reporting Studio
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What’s Out of The Box Key Features of Hyperion Tax Provision
• Web Forms
• Tax Automation
• Reports
• Data Model
• Rules
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Pre-Built Dimensions Just Add Your Entities, and Go!
Accounts
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And You Can Add/Modify Your Own… Add Additional Detail, Special Calcs, Planning Scenarios, etc.
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What’s Out of The Box Key Features of Hyperion Tax Provision
• Web Forms
• Tax Automation
• Reports
• Data Model
• Rules
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Calc Rules – Built and Optimized for Tax
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Agenda
I. Introduction to Hyperion Tax Provision
II. Product Overview
III. What’s in the Box
IV. Q & A
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