Global Integrator Integrated tax reporting, compliance and planning
A well-implemented tax technology platform has not only become a ‘tool of trade’ for managing the global tax function, but is now imperative to lift the burden of compliance and reporting obligations, effectively manage risk and enable resources to focus on more strategic tax activities.
Global corporations face a number of challenges in managing tax and financial reporting:
Dealing with internal and external audits of data and processes under SOX
Timeliness and accuracy of international data collection
Inefficient, manual processes with little consistency across offices
Time-consuming statutory reporting activities that reduce analysis and planning time
Limited data available to support planning
Global Integrator is a web-based solution that provides a single platform for data collection, analysis and tax reporting globally. Its multi-jurisdictional functionality delivers benefits to both the head office and the local countries.
Multi-GAAP tax accounting — Comparison and integration of head office and local GAAP reporting for tax accounting under both FAS109 and IFRS in a single calculation.
Currency conversion — Full conversion capability, including reconciliation of exchange rate differences.
Aggregation — Roll-up functionality supporting review and reporting at any level in your organization.
Forecasting — Able to calculate tax positions based on estimates/ restructures.
Local statutory accounts — Easily reported and maintained year on year.
Transfer pricing — Standardize and automate your document production.
Ease of use — Intuitive user interface designed with both the novice and expert users in mind.
Integration — Easy to integrate with general ledgers, local compliance systems, excel and other tax applications including:
Loading of data in bulk
Automatic posting of tax journals back to the general ledger
Setup and mapping by end users
Flexible reporting — Standard PDF and Excel reports are available, or design your own reports and share with other users.
State/provincial taxes — Integrated federal/state, provincial and dual tax system calculations.
Dynamic data collection — Customize data collection schedules and questionnaires to suit your individual reporting needs.
Document management — Central document repository for all tax related materials.
Tracking and audit controls — Built-in status tracking, electronic sign-off and transparency of who modified what and when.
Multi-language support — Global Integrator is currently available in American English, UK English, Dutch, Spanish, Japanese, French, German, Portuguese, Swedish and Chinese.
Security — Highly secure and able to tailor individual user access.
Reconciliation — Streamline reconciliations with automated edit checks.
Multi-GAAP reporting — Single solution provides reconciliation from head office GAAP to local GAAP to local tax
Integrated process — Leverage provision calculation for return form
Data re-use — Re-using the one set of accounting and tax data for:
Head office reporting and compliance
Local country reporting and compliance (stat accounts and tax returns)
Planning and forecasting
Less data manipulation — Automated tax calculations
Total transparency — Drill down from the tax footnotes back to the source trial balance
Flexible calculation — Ranging from detailed provision calculation (with full tax basis balance sheet) to high level ETR calculation
Standardization — Of calculations and schedules through flexible templates provide consistent reporting formats across all countries
Multi-stage currency conversion and aggregation
Planning and forecasting — Features including remodeling of organizations
Web-based — Secure multi-user access to tax data by anyone, anywhere
Scalable — Suitable for both small and large organizations
