Enterprise tax software solutions

Manage, streamline and automate tax compliance and reporting processes

Helping you create efficient and transparent tax functions

At PwC, we’re working with businesses to empower tax functions to play a more strategic role through automation, accurate forecasting, stakeholder communication and risk management.

Ongoing local and international tax rule changes, regulatory changes, compressed reporting cycles and increased scrutiny by tax authorities over global tax arrangements is making it increasingly complex to have a consistent, accurate and transparent approach to tax compliance and reporting.

Much of the time dedicated to tax compliance and reporting is spent on non-value-added activities, such as extracting reports from underlying accounting/reporting systems and manually re-keying and reconciling information into multiple and often duplicate spreadsheets rather than focusing on value-add analysis. This is leading to increased time demands, pressures and risk of errors when producing the consolidated tax reporting numbers.

 

Greater flexibility, lower risk

PwC’s tax technology solutions enable businesses to drive efficiency with process automation, mitigate risks by removing human processing errors and provide powerful insights and analytics to make smart business decisions.

We offer end-to-end flexible and automated cloud-based solutions that simplify processes to make meeting your tax obligations and reporting simple.

Bringing together technology stacks, including Artificial Intelligence (AI), Robotic Process Automation (RPA) and Machine Learning, our suite of solutions can easily store, repeat and review tax compliance processes, routine tasks and calculations autonomously, with minimal human involvement.

PwC’s enterprise tax software solutions are:

Flexible

Flexible

End-to-end

End-to-end

User Friendly

User-friendly

They enable and empower you to:

Increase efficency

Increase efficiency

Increase efficency

Reduce risk in existing manual processes

Master data ownership and analytics

Master data ownership and analytics

Corporate income tax

Supporting, simplifying and streamlining corporate tax compliance and reporting.

Against the backdrop of a complex corporate tax landscape, PwC’s enterprise tax software solutions are designed to streamline and simplify the management of your corporate tax obligations. 

Together, with the support of PwC’s corporate tax professionals, we work with you to build shareholder and corporate value.

PwC’s corporate tax technology solutions:

  • Tax Automate, an end-to-end truly integrated platform used to streamline, automate and de-risk your direct tax compliance and reporting obligations.
  • Machine Learning Automation solutions that will learn your business processes and gain intelligence over time.
  • Insights Automate platform which dynamically generates key data visualisations and analytics dashboards for review by key stakeholders and board reporting.
  • Swift, an intelligent machine learning classification engine that automates burdensome line-by-line review processes.

 

GST and Indirect Tax (Fuel Tax Credits)

Tax authorities are placing a greater focus on Indirect Taxes, resulting in GST, FTC and other similar tax regimes becoming more widespread and complex.

Rigorous review programs have been introduced by tax authorities, such as Justified Trust in Australia, which require businesses to provide objective evidence demonstrating they have paid the right amount of tax. 

Global reporting obligations are becoming increasingly strict and real time reporting, standard audit files electronic data audits and e-invoicing are becoming commonplace. Data collected by tax authorities across different returns and jurisdictions is being cross-checked, benchmarked and data-mined.

PwC’s indirect tax technology solutions:

  • Swift, an intelligent machine learning classification engine that automates burdensome line-by-line review processes for motor vehicles.
  • Comply First Time automates all of your indirect tax compliance processes.
  • Indirect Tax Edge manages the complexities of your GST compliance obligations globally by automating the preparation of your GST reporting and enhancing your controls over GST data, calculation and reporting.

 

Customs

Better manage trade, compliance and gain transparency of costs and opportunities across their supply chains. 

PwC’s Global Trade Analytics Platform provides businesses with a comprehensive profile into import and export activity, visualised through interactive maps, tables and graphs, which can be interrogated to a business unit, sourcing origin, supplier, customer, broker, country, port and product level. 

Our platform also has the capability to visualise trade and supply chain information, such as trade flows by volume, value, tariff classification, duties paid and saved, clearance cost, supply chain cost, sanction countries and much more. 

PwC’s customs technology solutions:

  • Trade Analyser, a cloud-based tool that utilises your import/export data record from the Australian Border Force to produce a comprehensive profile of your import and export activity.
  • Game of Trade, an immersive game-based experience to explore the effects of tariff increases, non-tariff measures and protectionist policies on business operations, international trade and supply chains.

Allow your people to drive value, allow technology to drive processes

Employment tax, people and workforce

Enabling you to realise and discover the potential of your people through automation.

Businesses rely on people to support and drive their strategy. There are a range of obligations that result from this - from worker remuneration through to tax and regulatory compliance measures, which are becoming increasingly complex to manage and understand as workforces become more mobile. 

PwC has developed a suite of market-leading, technology-enabled solutions to assist businesses with managing these people-related processes. Our solutions are designed to allow businesses to simplify and streamline day-to-day processes through automation.

 

PwC’s employment tax technology solutions:

  • Swift.GL machine learning algorithms analyse your General Ledger accounts, to classify transactions that are relevant for FBT purposes.
  • FBT Declarations automates the declaration process, allowing declarations to be completed by employees on their smart devices or computers.
  • myESS transforms the way you meet your Employee Share Scheme (ESS) reporting obligations.
  • Equity Due Diligence allows you to simplify tax and regulatory compliance over global employee equity plans.
  • Car Parking Application allows you to calculate the most tax efficient method to value car parking fringe benefits.
  • Automate the calculation of your workers compensation, vendor-related or payroll tax compliance obligations and receive sophisticated analytics, robust reconciliation and testing functionality with Comply First Time Vendor Management and CFT Payroll Tax.

PwC has entered into a joint business relationship with a third party fleet telematics provider who may be able to assist our clients with automated car logbook requirements for fringe benefits tax or fuel tax credits purposes. Please contact us if you wish to discuss further.

Transfer pricing

Assisting multinationals to automate and de-risk increasing tax and transfer pricing reporting requirements.

The increasingly complex reporting environment has led to new challenges for multinationals as they face an additional strain on scarce resources and heightened risk around data assurance and global reporting consistency.

We work with taxpayers and our PwC technology team to help design, on a client-specific basis, the automation of processes to free up valuable resources and align the output for various reporting requirements from Country-by-Country reporting to local files, tax transparency reports and transfer pricing documentation around the globe.

 

Support with building your tax tech business case

Do you have an idea in mind to automate a business process or make process improvements? Our tax, legal and financial teams can work with you to prepare a business case and move your idea from concept to execution with the support of your management team.

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Contact us

Charmaine Chalmers

Charmaine Chalmers

Enterprise Digital Leader, PwC Australia

Tel: +61 438 445 673

Warren Dick

Warren Dick

Tax Reporting and Innovation Leader, PwC Australia

Tel: +61 419 479 279

Norah Seddon

Norah Seddon

Workforce Leader, PwC Australia

Tel: +61 2 8266 5864

Ronen Vexler

Ronen Vexler

Partner, Tax Reporting and Innovation, PwC Australia

Tel: +61 402 220 798

Sean Lee

Sean Lee

Partner, Tax Reporting and Innovation, PwC Australia

Tel: +61 412 658 228

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