Tax Reporting in Oracle TRCS

TRCS is one of Oracle's modern cloud solutions with matching look and feel. It allows the various parties within your organization to work together efficiently to compile corporate tax reporting and Country-by-Country Reporting (CbCR). Integration with Oracle Financial Consolidation and Close Cloud Services (FCCS) streamlines the processes even more. It makes financial data available in an insightful way for corporate tax reporting, while the resulting tax provisions are in turn readily available for financial reporting.

The benefits of a tax reporting solution

With the right tax reporting software, you can make great strides in the effectiveness of the tax process within your organization. With the implementation of a tax solution, you will achieve the following benefits:

• Structured approach
• Less manual work
• No more loose Excel sheets and version control
• Higher quality data
• Better audit of the process

The benefits of Oracle TRCS

TRCS has automation functions that can, for example, book recurring temporary and permanent differences based on the financial source data. That financial data can be retrieved from FCCS, but also from underlying ERP systems, for example.

In addition, cloud technology makes it easy to manually enter data regardless of the location and network on which users are located.

The system also gives good analytical capabilities around Country-by-Country Reporting (CbCR), facilitating consistency in reporting across years.

Built-in reports and dashboards give you insight into the numbers. You can also make standard use of Oracle reporting tools, such as Hyperion Financial Reporting for reports in Web pages and in PDF, and Smart View, the integration tool with Microsoft Office.

Demo Oracle TRCS

Want to experience for yourself the capabilities of Oracle TRCS to support corporate reporting or the CbCR process ? Request your demo here.

Finext and Oracle

How does Finext help you around Oracle TRCS? Finext is the largest independent consulting firm in the Netherlands that guides, advises and supports the implementation of Oracle planning solutions. Our dedicated specialists will help you with:

• Software selection
• Software licenses
• Consulting, implementation & roll-out
• Aftercare & management

Finext has been voted Hyperion Partner of the Year for the past two years and holds Gold Partner status from Oracle. This gives us direct access to the latest technical developments and best practices surrounding Oracle's tax reporting software.

As independent specialists, we believe that the right tax reporting solution depends on your situation. What is the context, what goals do you want to achieve and what does the business need? We are happy to advise you on this, also during selection processes.