Transforming tax data management capabilities with ETP - Core
A leading Dutch payment platform significantly enhanced its tax data management by partnering with us to implement our innovative ETP - Core solution. This transformation automated and optimised their processes, boosting efficiency and accuracy while eliminating the need for manual, error-prone methods.
Streamlining tax data management
The Dutch payment platform initially relied on manual processes, hiring personnel to manage vast volumes of tax-related data via Excel spreadsheets. These cumbersome methods stretched their resources thin and introduced significant potential for error. Recognising the need for a more streamlined approach, they turned to ETP - Core, a comprehensive digital solution that automates the entire tax data management process.
By integrating ETP - Core with the platform’s internal systems, we provided a tailored approach that simplified data collection, analysis, and reporting. This transformation not only reduced manual workload but also enhanced accuracy and reliability, allowing the platform to reallocate resources towards more strategic initiatives. So, how did this pivotal change empower them to lead in efficiency and precision? The following sections will go over this in detail.
As the shift towards real-time reporting and data-driven decisions accelerates, having the right tools is crucial. Does your organisation have what it needs to keep up?
Stephan Geenen - Senior Manager Deloitte Tax
Navigating tax transformation in Financial Services
The financial services industry is being reshaped by digital transformation and complex regulatory demands. As organisations face growing data volumes and stricter compliance requirements, efficient, automated tax solutions become vital. The Deloitte Tax Transformation Survey reports that 75% of financial institutions are prioritising tax technology investments to tackle these challenges.
By adopting innovative platforms like ETP - Core, financial services companies can effectively address these issues and gain a competitive edge. These solutions streamline tax processes and enhance data accuracy, enabling firms to swiftly adapt to regulatory changes and concentrate on strategic growth. Embracing tax transformation is key to ensuring agility and resilience in this rapidly evolving landscape.
Seamless integration and customisation
ETP - Core’s flexibility and scalability make it a standout choice, providing the payment platform with a solution that easily handles various data formats like Excel, CSV, JSON, and XML. Integrating seamlessly, it offers real-time access to tax data dashboards, greatly improving transparency and monitoring, which helps the organisation make quicker, more informed decisions.
By working closely together and focusing on customisation, we made sure the platform could meet its unique needs. This hands-on approach not only boosted data quality and accuracy but also saved employees valuable time and resources, allowing them to concentrate on more strategic tasks that benefit the business as a whole.
Making an impact that matters
Our solution's modular structure provides 360-degree tax support, encompassing reporting, dashboarding, wrangling, orchestration, and automation functionalities. Its integrated testing capabilities proactively prevent inaccuracies by quickly identifying and rectifying errors, offering assurance and peace of mind.
The robust design scaled effectively across global entities, handling millions transactions and reducing data extraction to VAT reporting time to just a few hours. By leveraging ETP - Core, the payment platform achieved enhanced efficiency and accuracy, positioning itself for continued success in the digital era.
As industry trends shift towards real-time reporting and data-driven decision-making, having the right tools is essential for success. Our tailored tax solutions can help your organisation navigate these complexities confidently. Contact us today to see how we can support your tax management needs and position your business for future growth.
Key results
transactions handled.
global entities scaled.
from extraction to VAT report.
