Enterprise Tax Platform – Core
Intelligent, data-driven tax insights for the tax professional looking to take control and gain insights into their taxes.
The world of tax is changing as it becomes more digital, making tax data even more complex. It's time to simplify and regain control of your tax data.
Tax authorities want more granular data to increase transparency and reduce tax planning. To make this happen, authorities are turning to digital solutions: real-time e-auditing, e-invoicing, and e-reporting. This digital shift has left businesses to tackle the challenge of digitizing and automating their tax data.
Enter ETP – Core: the cloud data platform that supports tax professionals with intelligent, data-driven tax insights.
ETP - Core automates your entire data flow: from data gathering to cleansing and wrangling, to compliance, and reconciliation. With ETP - Core, you can finally have the flexibility, scalability, and ability to handle large volumes of data.
of tax professionals expect that tax authorities will require companies to adopt technology for tax compliance*
of tax professionals have employed advanced Tax Analytics and Automation Technology*
of Tax leaders surveyed predict that revenue authorities will have more direct access to their systems within three years^
“Tax authorities worldwide are harnessing technologies to improve tax administration, counter fraud, and facilitate taxpayer compliance. For example, tax authorities deploy tax technologies to engage early and move […] benchmarking, cooperative compliance, sharing of risk profiles, and pre-lodgement compliance reviews”
eJournal of Tax Research (2019)
Opens in new window
Benefits
Here's what ETP - Core can do for you:
Gain control of your Tax Control Framework
Gain control of your Tax Control Framework by automatically running checks at multiple stages in your tax processes. With ETP - Core, quickly identify errors and potential improvements by executing checks specifically designed for tax on your data.
Improve compliance
Improve compliance by periodically running automated checks and feedback loops. Further increase transparency with tax authorities by gaining insights into your data and running scenario analyses.
Save time through automation
Save time and automate your compliance processes by automating data flows and checks.
Provide insights into your tax data
Understand your tax data at a glance with a comprehensive overview of your company’s tax performance – all visualized in a dashboard.
Reduce human error
Reduce human error and wrangle granular complex tax data from various source systems into one standardized model: the Common Node Model. The Common Node Model is Deloitte's proprietary data model that combines data from all source systems.
Opens in new window
A digital solution, based on over a decade of tax data management experience
ETP - Core has been developed by Deloitte over the last decade. It has been built on our experience in tax data management, ranging from compliance automation to advance tax data analytics, and machine learning (ML). By pairing Deloitte's extensive expertise with cutting-edge digital technology, we can help you make the most out of ETP - Core's data-driven tax insights.
How it works
-
Tailor ETP – Core to your needs
We work closely with you to make sure that we give you the right solution most fit for your tax compliance needs. Together, we determine how to tailor ETP – Core to your company’s data requirements, system configurations, and business structure.
-
Integrate ETP – Core into your system
ETP – Core can be easily integrated into your existing internal systems. This allows for easy extraction and manipulation. Unlike other tax solutions, ETP – Core is fully configurable and can handle large volumes of non-generic data and accommodate diverse data sources and formats, such as Excel, CSV, and JSON file types.
-
Collect, validate, and process tax data
Save valuable time on the collection, validation, and processing of your tax data, no matter the input format or quantity. ETP – Core can be customized to handle non-generic input formats and accommodate large volumes of data. By automating your data extraction and wrangling, you also benefit from higher data quality and accuracy, reducing the risk of errors in tax returns.
-
Review, sign off on, and submit tax reports
After automating your data-wrangling process, we assure that the extracted data can be used to generate accurate tax reports. Deloitte builds robust data quality tests on top of your tax data, ensuring more accurate and complete tax returns and reports.
-
Gain insights into your tax data
Monitor your tax effectively with real-time access to your tax dashboards. ETP – Core’s built-in testing capabilities help you prevent potential compliance issues proactively, by identifying and rectifying any errors promptly. By pairing ETP – Core with Deloitte’s expertise in tax, you can gain even deeper insights into your tax data.
Case Studies
Opens in new window
The Common Data Model: All your tax data, in one place
At the heart of ETP - Core is the Common Data Model, Deloitte's proprietary data model that combines data from all source systems. The Common Data Model is built specifically for tax, allowing tax professionals to help their business stay in control of the Tax Control Framework by helping them find relevant and timely tax insights, with minimal manual effort. ETP - Core can be integrated with ease into your Tax Control Framework, generating valuable insights that drive data-driven decision-making.
