Compliance Services

PricewaterhouseCoopers' Global Compliance Services (GCS) practice offers unparalleled excellence in all forms of regulatory compliance services and other types of process-driven activities through our tax compliance and company administrative service (CAS) offerings. We serve clients of all sizes, from local businesses to multinational corporations who have decided to outsource their compliance requirements.

In today's business environment, companies are increasingly focusing on their core competencies -- those activities that create value for the company. Process-driven activities are not considered a core function of the company. It is therefore not likely to get adequate senior management attention and resources, resulting in a never-ending struggle to get the job done with limited resources. At PricewaterhouseCoopers, regulatory compliance is our core competency.

What distinguishes PricewaterhouseCoopers from the rest of the pack? Three things: people, process and technology.

People - Our people are specialists in regulatory compliance. The team of professionals we will dedicate to your engagement have deep process and project management skills as well as a broad technical tax base. This team has demonstrated proficiency in using cutting edge technology and has developed in-depth project management credentials. When these attributes are coupled with an innovative mind-set and a knowledge sharing focus, superior service delivery results.

Process - We have developed both a standard methodology and a standardised approach that is used on each and every engagement. This technique has been specifically designed to bring both efficiency and quality to the compliance process and was developed by leveraging our vast experience in the regulatory compliance field.

Technology - We have committed substantial resources to create specific technology applications to enable our standardised approach and bring additional efficiencies to the compliance process. Our electronic workpapers and workflow management systems centrally manage documents, automate calculations, incorporate flexible analytical capabilities, and enhance day-to-day planning capabilities due to the quality of both input and output. For a multi-territorial outsourcing, we use a web-enabled approach to information sharing that provides customised information and the status of your company's global compliance obligations.

Managing Our Relationship
We understand that entrusting your company's regulatory compliance requirements to an outside vendor can be a big step to take. While these activities may not be considered "core" within the overall context of the organisation, only tax directors and their staff understand how much activity there is to manage in order to meet the requirements on time.

We will work with you to develop a detailed workplan and service level agreements that clearly outline the responsibilities of each party in order to meet the deadlines.

What are the benefits?
With the deadline-focused compliance burden out of the way, tax departments can:

  • Alleviate human resource problems -- resulting from chronic understaffing, constant turnover and recruiting/evaluating staff.
  • Focus on delivering value to the organisation -- meeting with business units, understanding the products, and evaluating the tax impacts of mergers and acquisitions are among some of the many ways tax can contribute to the bottom line.
  • Control costs -- the compliance cost is converted from a variable cost to a fixed cost as our services are quoted on a fixed fee basis.
  • Optimise technology resources -- technology needs of the tax department can be focused on adding value to the company, while any compliance-based technology improvements are resourced, developed and implemented by PricewaterhouseCoopers.
  • Co-ordinate -- for companies that choose to outsource their global compliance requirements, PricewaterhouseCoopers can co-ordinate the compliance reporting requirements as well as any tax or financial information that you need for planning purposes and feed it back to you through our web-enabled technology.