Indirect Tax Edge

A single solution to manage the complexities of global indirect tax compliance reporting.

Indirect Tax Edge is a modular, data-analytics driven solution that manages period-end compliance reporting, transactional tax compliance as well as data and process quality management in a single global platform. Developed with business users in mind, this software features intuitive workflows, advanced analytics, exception management and self-service dashboards within an easy-to-use web application interface.

Against a backdrop of increased scrutiny from tax authorities and compliance regulators - Indirect Tax Edge gives you the added confidence that you are able to effectively review your transactional data to ensure it is correct and allows you to meet your traditional and real-time reporting obligations.

Indirect Tax Edge is backed by PwC’s global network, and is specifically designed as a future-proof and scalable platform that can grow with your business and adapt with the Indirect Tax global landscape, allowing you to start with your immediate compliance needs then expand and enhance your process when you are ready.

 

Data and process quality

 

Ensuring your tax data is accurate and ready for reporting is a key factor to ensuring compliance in reporting and providing peace of mind to businesses.

With the ability to ingest and transform data from multiple systems, Indirect Tax Edge provides flexible options for uploading your data - supporting both manual uploads and automated integrations with your accounting systems.

Indirect Tax Edge offers sophisticated controls testing across 100% of transactional data with over 200 built-in compliance and data quality checks. Built using a signal-based approach Indirect Tax Edge provides a highly accurate exception matching process, resulting in more accurate true positives - saving time and increasing efficiencies in the review and adjustment process. 

Indirect Tax Edge also provides quick identification of the most high risk transactions that can result in under or over payments. The intuitive user interface makes it easy for business users to quickly understand exceptions and smart workflows help the user to verify and make edits as necessary.

 

Data analytics and insight

 

Transactional data analytics have never been more important. With the increased focus on compliance and real-time reporting it’s crucial for tax and finance teams to understand their data and how it performs in their business. 

Indirect Tax Edge provides drill-down visualisation to the underlying ERP transactions and tax calculations. This level of transparency and traceability provides your tax and finance teams with the ability to understand the drivers behind each number - providing greater insight into risk management and wider business processes improvement.

With an intuitive user interface aimed at business users and self-service dashboards to easily explore and extract meaningful insight from tax data, Indirect Tax Edge provides unprecedented visibility and increased transparency into your indirect tax affairs.

 

Period-end compliance reporting

 

For many organisations, meeting filing obligations can often be a time consuming, manual task involving shifting data from accounting systems into Excel spreadsheets, where the return is finally prepared. 

Indirect Tax Edge is designed to automatically prepare the period-end report for you with data uploaded from source systems, reducing risk and providing a full audit trail of actions. It features automated indirect tax analytics and reconciliations and allows you to make line item adjustments along with workflows that provide full control over sign off.

 

Real-time reporting

 

Real-time reporting is on the rise, with many countries now introducing, or set to introduce, voluntary and mandatory transactional digital reporting submissions on numerous standards. The timing varies from inclusion with monthly/quarterly VAT returns through to real-time reporting to the tax authorities at the time of invoice creation. 

Real-time reporting is easily managed within Indirect Tax Edge with customised dashboards to manage and understand the status of each of your obligations. A simple submission process sends your transactional data to the relevant authorities - with jurisdiction specific data quality checks performed before submission.

 

For more information or if you would like to book a demo please click here.

 

Other Automated Indirect Tax Solutions offered by PwC

In addition to our Indirect Tax Edge service, PwC offer other automated Indirect Tax solutions such as PwC Enterprise Comply First Time and PwC Enterprise STARS.

 

For further information please contact Peter Bains (peter. bains@pwc.com).