Our BEPS Analytics, powered by Oracle Cloud EPM, assists tax and finance stakeholders at multinational companies in automating the end-to-end requirements of the Organisation for Economic Co-operation and Development (OECD) Pillar Two. Developed with best practices, the solution ensures reporting compliance with regulations and equips users with strong tax forecasting, modeling, and analysis capabilities to gain a better understanding of impacts across all legal entities.
 

Automates all data collection, calculation, process automation, and reporting 
Pillar Two in Oracle Cloud EPM deals with the comprehensive top-up tax model. The solution encompasses data collection for both manually collected data and data gathered from source systems. The top-up tax model comprises the calculation of Global Anti-Base Erosion (GloBE) Income, including the Income Inclusion Rule (IIR) and Undertaxed Payment Rule (UTPR), the calculation of Covered Tax Expense, ETR Reconciliation, and the Top-up Tax calculation. Additionally, it includes pre-built dashboards, reports, and analytics.

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BEPS Analytics incorporates best practices and is compatible with both cloud and on-premises systems. For instance, it is compatible with Oracle Cloud EPM, as well as SAP. This enables you to utilize your current investments while efficiently addressing the Pillar Two requirements through a reliable and auditable process.

 

 

Automate data collection from any source system 
Pillar Two data requirements extend beyond the general ledger and encompass data from various systems such as the financial consolidation system, tax provision, ERP and sub-ledgers, HR systems, and sales systems. With Oracle Cloud EPM's standard Data Management capabilities, tax departments can automatically gather data from these source systems and adapt it to fit the Pillar Two data model. This approach ensures a robust audit trail and allows tax resources to focus more on data analysis and less on data collection. Data that cannot be easily automated can be manually inputted into the Pillar Two Input screens within Oracle Cloud EPM following best practices.

 

 

Ensure process collaboration across the enterprise 
To successfully carry out the Pillar Two process, it will be essential to coordinate activities among colleagues in tax, finance, and other operational areas of the enterprise. For this purpose, Oracle Cloud EPM features a straightforward Task Manager that can be easily deployed to facilitate seamless coordination and collaboration throughout the entire process. Tasks can be assigned and tracked from a central dashboard. Additionally, end users are guided through their Pillar Two responsibilities via a simple step-by-step process flow. This approach helps minimize the impact of the new requirements on the enterprise, ensuring the smooth running of the Pillar Two process.

 

Tax forecasting & modeling for Pillar Two impacts 
Pillar Two signifies a significant shift in tax processes and tax planning strategies. One of the key advantages of the Pillar Two solution in Oracle Cloud EPM is the capability to predict and simulate the future effects of the new requirements. Apart from its top-notch calculation and reporting capabilities, tax users can transfer Pillar Two data to predict scenarios for comprehensive modeling. This empowers tax power users to modify assumptions that could significantly impact the outcome. This ensures that your tax function can effectively prepare the enterprise for the new realities of the global minimum tax.

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Are you Pillar Two ready? If not, Oracle Cloud EPM can help fast! 
The Pillar Two module in Oracle Cloud EPM is designed with best practices to help you get up and running quickly. While it's a part of Oracle Cloud EPM, it's structured in a way that allows the tax department to deploy it without affecting other financial processes. This gives tax stakeholders the independence they need, while still enabling data and process synergy with other cloud or on-premises financial processes like HFM or Financial Close and Consolidation (FCC). Prepare for Pillar Two and empower your tax department today by launching the Pillar Two capabilities in Oracle Cloud EPM.

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Manage OECD Pillar Two (Global Minimum Tax) requirements

Address the major changes in global taxation by evaluating the top-up tax liability under Pillar Two. The solution offers comprehensive capabilities for calculating top-up taxes, which include the Global Anti-Base Erosion (GloBE) Rules, covered tax, effective tax rate reconciliation, and determining tax liability.

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Automate data collection from any source system beyond the general ledger

Minimize the burden of broad tax function data requirements and reduce delays in the financial close process by automatically collecting data from various source systems, including ERP, sub-ledgers, financial consolidation, HR, tax provision, and CbCR.

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Ensure cross-enterprise collaboration

Ensure seamless collaboration between tax, finance, and other operational areas by using Task Manager. This tool can assign and monitor tasks from a central dashboard. Additionally, Oracle Cloud EPM can act as a single source of truth across the tax department, the controller’s organization, and FP&A, improving efficiency and accuracy.

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Forecast future financial impacts

Prepare for the upcoming global minimum tax and model its future impacts using advanced calculation and reporting capabilities. Tax users can also replicate Pillar Two data to forecast end-to-end scenarios.

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