Oracle Tax Reporting Cloud Service (TRCS)
Bring Tax and Finance Together. Stop using spreadsheets for key tax processes!
Tax Reporting Cloud is the modern tax reporting platform that connects people across finance, and realizes synergy with existing finance systems. This cloud-based solution is designed to simplify the tax provision process and make country-by-country reporting easy.
Workflow, configurable tax schedules, dashboards, and robust reporting capabilities allow any tax process to be automated. This includes controversy management, uncertain tax positions, R&D credit, data collection for transfer pricing, data collection for tax compliance, and more.
Tax Provision and Country-by-Country Reporting come out-of-the-box. Best Practices make it easy for corporate tax departments to meet global tax reporting requirements on a continuing basis.
Request a Demo
Key Business Benefits
The tax provision addresses US GAAP, IFRS and statutory tax reporting
Fast-track BEPS Reporting
The out-of-box Country-by-Country Template meets the OECD requirements and maintains transparency with data in financial systems
The workflow engine provides a task management solution to automate the whole tax calendar – including, tax returns, tax provision, audit management
Source System Integration
The hierarchy and dimension management is based on the Oracle EPM Cloud framework and maintains alignment with other source financials systems – such as the ERP, consolidation system, planning system, etc
Easy Reporting and Analysis
Configurable dashboards and Oracle Hyperion Financial Reporting allow you to deliver boardroom-quality reporting to the business user community
Seamless MS Office Integration
Oracle Hyperion Smart View for Office, a powerful Microsoft Office Suite add-in, for ad-hoc analysis and Excel-based interactions with allocation results
OpEx Cost Model
As a cloud solution, there are no capital infrastructure investments required
Work in the Cloud or On-premise
Supports hybrid cloud deployments with integration to on-premises systems