How Easily Can You Comply with Country-by-Country Reporting Regulations?
Lack of Extensive Reporting Capabilities
In the current climate, tax authorities will be reviewing submissions with additional scrutiny, so your reports should be extensive enough so you can meet your CbC obligations with ease.
Inability to Capture Required Data
Capturing accurate data required for CbC reporting can be a frustrating and tedious process, requiring you to manually stitch together data from disparate systems to prepare data for Tables 1,2, and 3 of the report.
Long Lead Time to Prepare Reports
When something changes at the last minute, this puts a huge load on your team to go back through the manual data extraction, transformation, and reporting process
Capture the Data You Need to Tell Your Story
Meet reporting requirements with ease by capturing Table 1,2, and 3 data. Automatically align accounting values with required outputs, and extract outcomes in XML and Excel formats that meet CbC reporting requirements.
Leverage Powerful Reporting and Analytical Capabilities
Create, analyze, and compare scenarios before finalizing reporting within a dedicated compliance period. Shift your focus to what matters – from gathering and validating information, to analyzing outcomes and preparing for inquiries.
Review Results at Any Time
Don’t play a guessing game when it comes to your CbC reporting. Pull up-to-date data from multiple sources at any time and combine through a central data repository, so you can refresh your reports at any time to handle late changes with data that are always up to date, accurate, and in one place.
Is Your Data Telling Your True Story?
Country-by-country reporting is upon us. Are you ready? Is your data telling others how you’re truly structured and meeting obligations?
Only time will tell how revenue agencies will react to the global insights
country-by-country reporting now provides. As compliance arrives, understand and validate the story your data is telling.
Work With a Leading Planning & Consolidation Vendor You Can Trust
"While all provision solutions can produce a provision, Longview offered more flexibility and organized in a way that makes it easier to navigate and run calculations. We didn’t want to make many customizations, so the standard system just worked better for our team.”
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