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Oracle Tax ReportingBringing Tax & Finance Together
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Marc Seewald, Senior DirectorOracle Product Management30 November 2016
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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.
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Agenda
Corporate Finance Today
Tax Reporting Cloud Demonstration
Oracle Solution Overview
Q&A
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Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Corporate Finance systems are shifting to the Cloud
Growing mindshare for connecting related business processes
The last, best chance for change for this generation of tax leaders…
Corporate Finance Today
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Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 5
Most Common ERP & EPM Cloud Adoption Patterns
Financials Cloud EPM Cloud
INNOVATE AT THE EDGES
$3BIn savings over 3 years at Mondelēz International
ERP Cloud
TRANSFORM CORE ERP
12%+Margin improvement at Esterlinethrough consolidation
GET READY FOR GROWTH
15Small business apps were replaced by Pandora
Copyright © 2016, Oracle and/or its affiliates. All rights reserved.
Copyright © 2015, Oracle and/or its affiliates. All rights reserved. |
Oracle Cloud
195+Countries
15+ yearsManaging Enterprise
Clouds
600…SaaS
Cloud Applications
20Data Centers serving
75%+of Fortune 100
Run Oracle Cloud
70M+Users/Day
33B+Transactions/Day
19 of 20Top Cloud Providers
Run on Oracle
6
24+Cloud Platform
Services
DevelopersWorldwide
9M+
Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Best practice global tax reporting framework out-of-the-box
Tax workflow and governance built-in
Integration with ERP, EPM, & beyond
Bringing Tax & Finance TogetherTax Reporting Cloud
7Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Tax Provision CbCR Workflow Dashboard
Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Actual Template Provided by the OECDThe Oracle Cloud is a Natural Fit for CbCR
= HFM, Oracle Cloud, or 3rd party
= Tax Reporting Cloud
= HR System
Copyright © 2015, Oracle and/or its affiliates. All rights reserved. |
Authoring, Collaboration & Sign off
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Master File & Local File
Master File Structure Local File Structure
Note: OECD has introduced Surrogate Reporting (Master file to be completed by local country if US does not produce one)
Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Copyright © 2015 Oracle and/or its affiliates. All rights reserved. 10
Narrative Reporting for Country by Country Reporting
Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Tax Reporting CloudDemonstration
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Overview
Workflow• Manage all tax-related tasks across the globe• Provision, tax returns, audits, CbCR, R&D, etc.
Tax Provision & CbCR• Data Collection• Tax Automation (Financials, FA, withholding, etc.)• Data Status
Supplemental Data• Sales & VAT Tax• Tax treatment of Deferred Revenue (IFRS 15)• Analysis of Supply Chain• Etc.
Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Complete Financial & Tax Solution
Financials(GL, FA,
RevMngt, SalesTax, Stat)
Supply Chain(transfer pricing)
Planning & Budgeting
Global Integrations
Mobile
SocialSelf-Service Reporting
Self-Service Applications
Dashboards & Work Areas
Embedded Intelligence
Financial Consolidation
s
Reporting & Analytics w/
Narrative
Enterprise Planning
(LE Forecast)
Transfer Pricing &
CbCR
Financial Consolidation
(GAAP/IFRS)Statutory
Reporting & Analytics w/
Narrative
Indirect Tax Reporting
Tax Provision
ERP Cloud EPM Cloud Tax Reporting Cloud Services (TRCS)Profitability & Cost Management Cloud Service (PCMCS)
Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Tax is pervasive across the Oracle Cloud….
# Business Process Oracle Product Relationship to Tax
1 Financial Consolidation EPM Cloud Chart of Accounts; tax must reconcile to GAAP/IFRS
2 Budgeting & Forecasting EPM Cloud Legal entity forecasts; Tax impact of long range planning
3 Profitability Analysis EPM Cloud Transfer pricing = legal entity allocations
4 Narrative Management EPM Cloud Narrative for CbCR disclosures
5 Account Reconciliation EPM Cloud Transfer pricing = Intercompany accounting
6 VAT & Sales Tax Financials Cloud “Total Tax” analysis
7 Statutory Accounting Financials Cloud Stat tax automation from sub-ledger account
8 IFRS 15 / ASC 606 Revenue Management Revenue recognition’s impact on tax
9 Tax Value Chain Supply Chain Management Transfer pricing impact of the supply chain
EPM Cloud
“Tax data warehouses” & one-off tax solutions are NOT the answer. Fix the problem at the core!!
Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Questions?
Confidential – Oracle Internal/Restricted/Highly Restricted 14
