Companies that operate in multiple jurisdictions, spend a lot of time on getting in control (meeting filing and payment deadlines, monitoring of compliance, monitoring of internal and external processes and creating documentation).
Global monitoring and reporting software can bring you the following:
- Centralized control and monitoring on internal and external processes
- Mitigating the lack of centralization, standardization and automation
- Mitigating fines and non-compliance
- Content driven solutions with filing capabilities
From our conversations with companies, this process can really benefit from the right monitoring automation.
Current countries/ deadlines and reporting processes
Together with the company we determine what country presence, global/ internal deadlines and reporting obligations are applicable for the organisation.
Content & Framework execution
Depending on the process, we setup the automated environment containing global deadline, DAC6 reporting or CBCR reporting/ filing solutions. We implement all the identified processes, setup custom elements and provide the right training to the country leads and the HQ team.
Super user training and hypercare
After go-live we will train a group of company users that can maintain and expand the implemented solution internally without the dependency on external advisors/ consultants. Furthermore, we provide Hypercare during the first round of execution.
Thomson Reuters DAC6 Reporter powered by Orbitax is a comprehensive, secure, enterprise-wide solution for identifying and accurately reporting reportable cross-border arrangements while reducing time-consuming workflows and manual intervention.