THOMSON REUTERS PRESENTATION TEMPLATE · 2020-05-15 · ONESOURCE Indirect ONESOURCE Indirect Tax...
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ONESOURCE Indirect ONESOURCE Indirect Tax Technology Deloitte Event May 7, 2015 Toby Gallington, European Account Manager Stephen Tucker, VAT Business Consultant
Transcript of THOMSON REUTERS PRESENTATION TEMPLATE · 2020-05-15 · ONESOURCE Indirect ONESOURCE Indirect Tax...
ONESOURCE Indirect ONESOURCE Indirect Tax Technology Deloitte Event May 7, 2015 Toby Gallington, European Account Manager Stephen Tucker, VAT Business Consultant
Content
• VAT Landscape
• ONESOURCE Suite
• Typical Indirect Tax Process & Technology
• Customer stories
• Obtaining budget
Indirect Tax Landscape
burdensome reporting requirements
risk mitigation efficiency
regulatory change Increased accuracy
Improve accuracy
enhanced management reporting
cash flow optimisation
standardisation centralisation
corporate governance
COST
REDUCTION
ONESOURCE Tax Solutions
ERP’s
(SAP / Oracle
JD –Edwards )
Additional
data sources
ONESOURCE VAT Compliance ONESOURCE Determination
ONESOURCE End-to-End Indirect Solutions
AUTOMATED VAT COMPLIANCE ONESOURCE INDIRECT TAX VAT COMPLIANCE
TAX ENGINE ONESOURCE INDIRECT TAX DETERMINATION ERP’s
(SAP / Oracle
JD –Edwards )
Additional
data sources
CALENDER FILEROOM WORKFLOW
PROCESS MANAGEMENT TOOL ONESOURCE WORKFLOW MANAGER
ENTITY MANAGER
Format
Pivot
Populate
Delete
Update
Save
+
GL Report
+
VAT Report
Review
Check
Query
Adjust
E R P
+
VAT Return
VAT Due
+
GL Report
+
VAT Report
+
VAT Return
VAT Due
ESL
Intra
Questions,
corrections ...
+
VAT Return
VAT Due
+
VAT Return
VAT Due
+
Intrastat
+
VIES
Questions,
corrections ...
Typical Indirect Tax Process
Tax Analyst
Tax Manager
Tax Authority
Business
+
VAT Return
VAT Due
Reverse
Adjust
_
+
COE / Shared Service Model
Company HQ
COE / SSC
Company HQ
COE
SSC
Market specialists
Advisor
In-Sourcing Model
Co-Sourcing Model
Company HQ
COE
3rd party SSC
Market specialists
Commercial justification
Inputs for Pricing
Additional Inputs for Business Case
• Facilitated by technology landscape change.
• Expansion into new geographies
• Increase in complexity of business or new business models
• Operational cost – IT maintenance
• Increase efficiency (throughput and accuracy)
• Operational risk - structured process and improve reporting
• Knowledge – reduce internal / external reliance for both process and tax content
Thank you!
Toby Gallington Account Manager, EMEA +44 7824 545292 [email protected]
http://onesource.thomsonreuters.com/solutions/indirect-tax/
