Headline Verdana Bold Managing tax - Deloitte United States · Oracle, JDE, etc. Master data Other...

Headline Verdana BoldManaging taxBalancing current challenge with future promiseThe EYE, Amsterdam, 30 November - 1 December 2016

Dashboarding andreporting:

optimising more basic technologies

such as Excel, including increasing

integrations and lowering risks

Andreas Kowallik, Deloitte GermanyDavid Landers, Deloitte US

• Understand the need for improved visibility to tax operational and organisational performance metrics

• Learn about examples of where dashboards and data visualisation have been used effectively to provide valuable operational insights as well as opportunities for tax cash savings or business vulnerabilities

• Gain knowledge about a broad view of tax technology as well as available technologies

• Discuss a plan to get started

Objectives

©2016. For information, contact Deloitte Touche Tohmatsu Limited.

4

Contents

Setting the scene: tax authority activity 5

Business case for dashboarding and reporting? 9

Application of dashboards to produce value 13

Technology 22

Getting started 28

Questions and answers 30


Dashboarding and reporting

Setting the scene: tax authority activity


6

Tax authority initiatives in 2016



Tax organisation

Tax risk & compliance

Tax processes

Tax technology

Tax data

7

Tax authority initiatives in 2016


Tax return data, E-Tax Balance Sheets, (i)XBRL, SBR***

OECD and EU:

TP master file/ local file (OECD)

Country by country reporting (OECD)

Public CbCR (EU)

Electronic data access

(e.g., SAF-T*, JPK**)

OTHER DATA:CRS**** datareporting datacompany data

public data

Tax risk monitoring and

tax risk management

systems

*SAF-T = Standard Audit File Tax | **JPK = Jednolity Plik Kontrolny (Poland) | ***SBR = Standard Business Reporting | ****CRS = Common Reporting Standard (= ex-FATCA)


8

Tax authority advanced analytics


Organisation for Economic Co-operation and Development (OECD), Advanced Analytics for Better Tax Administration, Putting Data to Work, 13 May 2016, 76 pages; Chapter 2: Advanced analytics activities by country; Table 2.1: Summary of activities by country.



Business case for dashboarding and reporting?


10

Dashboards, portals and reporting to help manage and track obligations


• Provide central location for all obligations and due dates

• Provide simultaneous user access and management of permissions

• Assign and manage staff obligation responsibilities and monitor progress/completion

• Facilitate multiple views tailored to users specific needs

• Link obligation to process workflows, documents and reporting

A dashboard-, portal- or tracker-system can be used to automatically assign, track and monitor key events (e.g., tax filing due dates across all tax types and globally across all countries) and custom events (project team deadlines, key project events, etc.) and to track tax risks.


11

Dashboards, portals and reporting to start tax analytics and tax insight


A dashboard-, portal- or tracker-system can be an ideal starting point for the tax department to add tax data analytics to all material tax processes in order to move from an organisation, which is driven by hierarchies and structures, to a data-, process- and controls-driven organisation.

Source: Gartner (October 2014)

http://www.gartner.com/newsroom/id/2881218

Figure 1: Four Types of Analytics Capability



Application of dashboards to produce value


13

Group tax status reporting and transparency

Sample company dashboards


14

Standard tax memo for corporate income tax



15

Group tax risk transparency and management



16

Group cash taxes and tax payments



17

Group effective tax rate (ETR)



18

Group VAT/GST analytics



19

Group transfer pricing analytics (1/2)


Landing page (option 2)

Landing page (option 1)


20

Group transfer pricing analytics (2/2)


Price adjustments

Validation report



Technology


22

DATA ANALYTICSThe age of Excel and

manual data crunching is

ending

VISUALISATIONThe purpose and business

value of tax data analytics is to

get answers and ultimately tell

a story

Visualisation enables the

context of the story to stay

in tact

BUSINESS INTELLIGENCE = DATA + ANALYTICS + VISUALISATION

Big Data

MDM

Hadoop

Exalytics

HANA

Netezza

Structured data

Unstructured data

In-Memory

…….

Oracle BI

Cognos

Micro Strategy

Business Objects

Power BI

Cloud Analytics

SAS

SPSS

……

Tableau

Qlik View

TIBCO - Spotfire

Pyramid

Alteryx

Microsoft

…….

Leveraging technology to drive value


23

Deloitte’s vision of the Integrated Tax System

Reporting

TM1SAP,Oracle,

JDE, etc.

Masterdata

Other

IRI

Nielsen

Other

Financial data

Non-financial data

Surveysand data collects

Data management

Data

Dis

co

very

an

d M

ap

pin

g

Data collection templates

Data integration platform

Surveytemplates

End user

Casual user

Businessexecutive

Manager

Community

Mobile analytics

Ad-hoc reports

Multi-dimensional

Dashboards

Workflows

Knowledge/social

Control centreApplications

Entity management

Tax Provision

Direct Income Tax

Transfer pricing

Tax controversy

Advanced analyticand predictive models

Indirect tax compliance

Tax data model

Tax calendar

Directcompliance/

provision

Transferpricing

Knowledgesocial

Operationdata

Taxplanning

AuditIndirecttaxes

Master/ GL

data

DashboardsAccess control

Tax calendar

Data mgmt/integration

Data collection/surveys

Documents

Workflow

Knowledgemanagement

End-user computing

module

Tax portal


24

Tools today give you – the user – the power

Excel connected to ERP systems

Drag and drop data queries supporting ad hoc reporting

Tax platforms enabling application model

Tax ownership

IT freed from helping Tax,

now able to do their day jobs


25

Data collection flexibility

• Not all data needed for dashboards is available in source systems

• Data collection needs to be self service and flexible

• Data providers from departments outside of tax

• Combine data collected with data obtained from source systems for complete visibility


26

Ad-hoc self-service reporting capability


27

Reports presented on users home page or integrated with workflow and tasks


28

Getting started


29

Some ways to get started

Leveraging the power of data and technology

Identify ‘pain points’

Standardise processes

Assess the ‘art of the possible’

Develop automated data

solution

Apply data analytics

Data health check

Explore opportunities

to apply artificial

intelligence


30

Questions?


31

Faculty

Andreas Kowallik, Deloitte Germany

Partner

[email protected]

+4989290368684


David Landers, Deloitte US

Partner

[email protected]

+1 980 312 3725

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© 2016. For information, contact Deloitte Touche Tohmatsu Limited.

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