CESOP End-to-end Solution
The new measure to transmit payment data into a centralized European database (CESOP) will come into effect in January 2024, posing different challenges on PSPs. Deloitte offers an end-to-end solution to support PSPs to implement CESOP in a compliant, timely and cost-efficient manner.
Why CESOP is an urgent business challenge
CESOP poses different challenges on PSPs: Complex selection criteria due to ambiguous rules, large amount of data required at a transactional level which differs from other tax regulations, and the need to submit reports in multiple jurisdictions - all in combination with a short change timeline.
To properly implement CESOP and meet the required timeline, companies should already start asking various questions, such as: What does CESOP mean for my organization? Are my data, systems, processes and people ready to handle the CESOP requirements? How will we implement CESOP to guarantee the quality and timeliness of the report each time? What should we take into account to embed this change into the organization for long-term success?
How can Deloitte assist you
Deloitte offers an end-to-end solution, combining our capabilities and expertise across Tax, Business and Technology.
End-to-end CESOP offering
We offer an end-to-end package including impact assessment to analyze what you need, as well as ongoing project support and change management for long-term success.
The key component, our CESOP platform, provides ease to organizations by:
- Automating wherever possible
- Built to scale and handle billions of transactions
- Offering all the CESOP required data capabilities
- Providing insights and control through a user-friendly portal
- Secure by design
Want to know more about our solution or get a demo? Contact one of our specialists below.
Our thinking
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