Tax Enterprise Resource Planning

Our Tax Enterprise Resource Planning (ERP) services bring a human-led, tech-powered tailored approach to solving our clients’ key tax issues. Our team of solvers combine in-depth industry expertise and an ecosystem of technologies to deliver integrated on-system solutions for direct, indirect and international taxes, driving comprehensive tax function transformation.

As the ERP system impacts day-to-day activities in an organization, ERP implementations and transformation are an opportune time to embed tax controls in wider business and finance processes to influence key data sources that support compliance and reporting requirements.

Whether your organizational goals are moving to the cloud, greater innovation, or business transformation - we are here to help. We work closely with ERP providers and system implementers to bring you industry depth, full-scale tax capabilities and end-to-end solutions for your tax function.

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Our integrated approach

Businesses are increasingly relying on their ERP systems to do more to keep pace with evolving tax laws and compliance obligations. Our Tax ERP community of solvers are the connectors that bridge Tax, IT and other key stakeholders to ensure that tax requirements are also embedded in the design of the ERP and alignment of business processes.

We bring a human-led, tech-powered approach to ERP transformation to unlock tangible value and return on investment for the whole business.

Human-led
Tech-powered

Human-led

We bring the best minds in the industry, backed by a central team supported by in-country finance and tax specialists, to work with your business and technical teams to enhance the resiliency of your ERP transformation and deliver the highest value.

As a leading Firm in the ERP implementation space, we bring a true end-to-end approach to tax that enhances tax processes, technology, and controls that includes:

Conceptualizing a tax-efficient future state process and technology and development detailed requirements to get there.
Building and testing the system with tax specialists that proactively guide you every step of the way.
Using tax to offset implementation costs and generate ROI through the strategic use of “pay-fors” giving you reduced risk and lower recurring operating costs going forward.

Tech-powered

By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and maintain data integrity with a single source of truth. Our team of specialists work with you to configure the ERP solution in an optimal manner from a tax perspective to:

Facilitate access to a real-time single-source of financial and transactional data such as additions, retirements and sales of fixed assets.
Allow for qualifying income determinations through data granularity and transparency of revenue sources
Configure on-system Indirect Tax compliance reporting or optimization of enhanced data extracts for off-system reporting in external tools, including PwC’s Indirect Tax Edge.
Configure on-system International and Direct Tax compliance reporting, including assessing what ERP module limitations may exist and what external options exist to facilitate reporting for more complex tax areas.
Address the demands of intercompany transfer pricing and global tax treasury considerations such as intercompany profit elimination, transfer price setting, legal entity profitability monitoring, intercompany loans and intercompany FX
Assess benefits of a Tax Operations Management system for one source of truth for document management, succession planning, workflow, risk management and a digital tax blueprint for all tax processes, either within the ERP or external to your ERP in tools such as PwC’s Tax Operations Manager

Deliver more value from your ERP transformation

Involving PwC Tax in your ERP transformation can lead to significant benefits, efficiencies and value including:

Greater efficiency

Reduce the time spent on the ERP implementation by internal tax teams through leveraging PwC’s specialists, pre-configured business requirements, tech enabled solutions and ERP modules to determine the business needs and customize outcomes.
Ability to perform quick reporting and “what if” scenarios including planning and modeling.

Cost reduction

Reduce the tax function budget by leveraging on-system or automated approaches to managing tax and lowering manual time spent on data manipulation, tax reporting and compliance.
Achieve tax savings for the implementation by evaluating ongoing project costs throughout the project duration and performing various tax recovery and savings services.

Risk mitigation and compliance

Timely access to data to allow for remedial action in response to the ever changing global legislative environment.
Less risk of human error through downstream processes.

Greater Insights

Access to powerful data analytics tools to gain actionable insights into data for better strategic decision making
Ability to tax sensitize enterprise/financial data and transactions for use by finance and tax including sensitization of the GL – visibility of gains, losses, deductions and interest.
More timely identification of trends, more accurate forecasting.

How we can help

By understanding the functionalities and components of an ERP, we help you translate tax reporting requirements into the overall technology/ IT infrastructure to support tax compliance.