A single solution to manage the complexities of global indirect tax compliance reporting.
Indirect Tax Edge is a modular, data-analytics driven solution that manages period-end compliance reporting, transactional tax compliance as well as data and process quality management in a single global platform. Developed with business users in mind, this software features intuitive workflows, advanced analytics, exception management and self-service dashboards within an easy-to-use web application interface.
Against a backdrop of increased scrutiny from tax authorities and compliance regulators - Indirect Tax Edge gives you the added confidence that you are able to effectively review your transactional data to ensure it is correct and allows you to meet your traditional and real-time reporting obligations.
Indirect Tax Edge is backed by PwC’s global network, and is specifically designed as a future-proof and scalable platform that can grow with your business and adapt with the Indirect Tax global landscape, allowing you to start with your immediate compliance needs then expand and enhance your process when you are ready.
Data and process quality
Ensuring your tax data is accurate and ready for reporting is a key factor to ensuring compliance in reporting and providing peace of mind to businesses.
With the ability to ingest and transform data from multiple systems, Indirect Tax Edge provides flexible options for uploading your data - supporting both manual uploads and automated integrations with your accounting systems.
Indirect Tax Edge offers sophisticated controls testing across 100% of transactional data with over 200 built-in compliance and data quality checks. Built using a signal-based approach Indirect Tax Edge provides a highly accurate exception matching process, resulting in more accurate true positives - saving time and increasing efficiencies in the review and adjustment process.
Indirect Tax Edge also provides quick identification of the most high risk transactions that can result in under or over payments. The intuitive user interface makes it easy for business users to quickly understand exceptions and smart workflows help the user to verify and make edits as necessary.
Data analytics and insight
Transactional data analytics have never been more important. With the increased focus on compliance and real-time reporting it’s crucial for tax and finance teams to understand their data and how it performs in their business.
Indirect Tax Edge provides drill-down visualisation to the underlying ERP transactions and tax calculations. This level of transparency and traceability provides your tax and finance teams with the ability to understand the drivers behind each number - providing greater insight into risk management and wider business processes improvement.
With an intuitive user interface aimed at business users and self-service dashboards to easily explore and extract meaningful insight from tax data, Indirect Tax Edge provides unprecedented visibility and increased transparency into your indirect tax affairs.
Period-end compliance reporting
For many organisations, meeting filing obligations can often be a time consuming, manual task involving shifting data from accounting systems into Excel spreadsheets, where the return is finally prepared.
Indirect Tax Edge is designed to automatically prepare the period-end report for you with data uploaded from source systems, reducing risk and providing a full audit trail of actions. It features automated indirect tax analytics and reconciliations and allows you to make line item adjustments along with workflows that provide full control over sign off.
Real-time reporting
Real-time reporting is on the rise, with many countries now introducing, or set to introduce, voluntary and mandatory transactional digital reporting submissions on numerous standards. The timing varies from inclusion with monthly/quarterly VAT returns through to real-time reporting to the tax authorities at the time of invoice creation.
Real-time reporting is easily managed within Indirect Tax Edge with customised dashboards to manage and understand the status of each of your obligations. A simple submission process sends your transactional data to the relevant authorities - with jurisdiction specific data quality checks performed before submission.
Indirect Tax Edge makes it easy to explore and extract meaningful insight from your tax data
Benefits of Indirect Tax Edge:
- Improved financial performance
- Reduction in effort
- Improve Governance, Risk & Controls
- Business process improvement
- Improve transactional data quality
- Greater Visibility & insight into your data
Improved financial performance
Prevent tax leakage.
Quicker refunds.
Detailed trending, variance and reconciliation functionalities.
Increased transparency for improvement and the identification of tax saving opportunities.
Address tax exceptions earlier in the business process.
Reduction in effort
Reduce effort for ongoing checks, rework and internal audits.
More effective use of existing staff & resources.
Seamless and automatic flow of source system data to the tax return.
Streamlined processes to increase efficiencies.
Intuitive user interface to enable increase usability and efficiency.
Single solution for effective data management and compliance reporting.
Improve Governance, Risk & Controls
Control your compliance obligations with greater efficiency, accuracy and flexibility.
Reduced risk, more coverage, delivered globally in a single place.
Transactional tax dashboards for greater insight into data.
Automated risk and compliance activities frees up focus for more important business risks.
Business process improvement
Automated Indirect Tax reporting on a single platform protects integrity of data, lowers the risk of human error and manages data access.
Complete workflow management.
Task ownership.
Automated processes reduce risk and allow your teams to run more efficiently.
Smart workflows drive corrections from source data.
Improve transactional data quality
End-to-end process quality and controls testing.
Automatic data quality checks.
Greater Visibility & insight into your data
Customised dashboards to provide valuable insights to system users and the wider business.
Detailed trending, variance and reconciliation functionalities.
Fact based insights from your transactional data.
Identify unique insights from your transactional data.
Indirect Tax Edge is a modular, flexible solution
From cost-effective solutions to full service roll-outs, Indirect Tax Edge is a modular platform that offers flexibility to support your business from simple usage through to complex global scenarios. Functionality can be enabled as required to effectively manage all of your local and global compliance reporting obligations, delivering enhanced management insights and control of operational tax risk.
Indirect Tax Edge can be rolled out for insource compliance solution, an outsource compliance solution or as a co-source compliance solution.
Indirect Tax Edge delivers all the features and functionality required to successfully manage your indirect tax compliance and reporting obligations from the one easy-to-use application
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Steve Couchman
Indirect Tax Compliance Services Leader, PwC United Kingdom
Tel: +44 (0)7843 289575
Reena Fursier
Indirect Tax Compliance Services CoE Leader, PwC United Kingdom
Tel: +44 (0)7734 958646
Elaine Hutchinson
Global Indirect Tax Compliance Services, PwC United Kingdom
Tel: +44 (0)7718 980783
Alison White
Indirect Tax Compliance Services Markets, PwC United Kingdom
Tel: +44 (0)7703 562303