Solutions

Tax Entity Orchestrator

Accelerate through the last mile

​ While tax leaders would like to develop and share ideas for connecting business goals with tax-efficient planning, that potential often goes untapped because their first responsibility is to produce timely, accurate information for financial statements. This critical task is frequently bogged down by overly manual, spreadsheet-driven processes, complicated consolidation with limited audit trails, and siloed functions duplicating processes and efforts.

From zero to sixty

Deloitte’s Tax Entity Orchestrator provides the technology often needed to effectively gather general ledger data across the enterprise, align it by tax entity structures, and distribute it to multiple processes from a single, controlled source, thereby enhancing data integrity and efficiency. This analytics-driven solution is designed to organize large amounts of financial data to align with your entity’s tax structure for reporting, provisioning, and planning that addresses the objectives of multi-state, international, and federal taxes, as well as transfer pricing. The solution can also improve the business units’ ability to manage tax as a part of their products.

Many organizations find that time spent producing financial reports may be reduced significantly.

Furthermore, this software-as-a-service (SaaS) solution is designed to allow tax departments to adapt to changes in software platforms, laws and regulations, and entity structure without tying up IT resources. Plus, with no systems to build or people to hire, Deloitte’s Tax Entity Orchestrator is quick to launch. Depending on the organization’s IT system, the solution could be implemented within 10-12 weeks.

Of course, technology alone isn’t enough. Deloitte’s professionals bring a deep understanding of corporate multinational tax issues and opportunities. They know how to leverage technology together with processes and advanced analytics to help you gain insights into ways that tax can affect the bottom line. As a result, tax leaders are positioned to help guide the business to higher profitability through more effective management of the tax implications related to product flows, cash outlays, and personnel deployment.

Bottom-line benefits

Deloitte’s Tax Entity Orchestrator helps tax organizations shift time from compiling financial data to more value-added activities.

The tax department gains new capabilities that may help:
  • Integrate and organize tax data across systems while reducing IT involvement
  • Adapt to both regulatory and entity changes without IT involvement
  • Shrink the number of hours and resources spent producing financial reports
  • Liberate time that may be reallocated to more effective tax planning and review
  • Increase accuracy and timeliness while actively managing risk
  • Create “one version” of tax data (entities and attributes) that can be used across financial functions and business units
  • Improve effectiveness of audit and risk management

Tax Entity Orchestrator in action

A large multinational manufacturing company was managing its tax entity structure to create efficiencies and tax benefits. However, these entity changes created new problems, requiring tax department professionals to spend excessive time and resources on tax and financial reporting. This resulted in tax staff members working virtually around the clock, reducing morale and the time for review. That’s when Deloitte was called in.

Utilizing the Tax Entity Orchestrator and advice from Deloitte’s Tax professionals, the tax department was able to consistently and accurately meet reporting deadlines without a Herculean effort. The tax organization now has the time it needs to deliver more value to the enterprise by reviewing and planning new strategic approaches, further reducing tax liabilities. Additionally, Deloitte’s Tax Entity Orchestrator methodology has been extended to other tax functions, allowing tax to become further integrated in the business’s decision-making process.