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Tech news: Wolters Kluwer releases new Corporate Transparency Act solution

January 12, 2024
in Accounting
Reading Time: 1 min read
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Tech news: Wolters Kluwer releases new Corporate Transparency Act solution
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Accounting data provider Validis announced a technology partnership with automation platform DataSnipper. When integrated with Validis, DataSnipper delivers a single audit test workflow. Validis provides access to financial data provided by the ERP systems from an audit client. Validis then structures the data into usable reports with the ability to extract the structured data as an Excel file. This Excel file then flows into DataSnipper and is used by the auditor to automatically match data with audit evidence. … Tech giant Oracle announced a partnership with Big Four firm Deloitte. Oracle is introducing new capabilities to Oracle Fusion Cloud Enterprise Performance Management (EPM) that, when paired with Deloitte’s implementation services, can be used to help multinational organizations manage the Organization for Economic Cooperation and Development’s upcoming Pillar Two tax requirements, which effectively create a global minimum tax rate of 15% and significantly impact financial processes and operating structures for large multinational organizations. Combined with Deloitte’s Tax Technology Consulting’s existing Oracle implementation service team, companies can enhance tax reporting with the Pillar Two solution in Oracle Cloud EPM. Capabilities include Pillar Two data collection and management, a Pillar Two Task Manager, and Pillar Two tax forecasting and modeling.

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