KPMG Tax Provisioning Solution
Automated global tax provisioning for ASC 740 & IAS 12 compliance.
Executive Summary
The KPMG Tax Provisioning Solution is a comprehensive technology-enabled service and software offering designed to streamline and enhance the global tax provision process for multinational corporations. It leverages automation and robust data integration capabilities to help companies meet complex regulatory requirements, specifically ASC 740 and IAS 12. This solution aims to reduce manual effort, improve accuracy, and provide greater visibility into tax liabilities across various jurisdictions. By centralizing data and automating calculations, it helps tax departments manage the intricacies of global tax accounting, ensuring timely and compliant financial reporting. KPMG's expertise in tax and technology is embedded within the solution, offering clients not just software but also the strategic guidance and support needed to optimize their tax provision workflows and mitigate risks associated with non-compliance.
Use Cases
- Ensuring compliance with ASC 740 and IAS 12 for global tax provisions
- Automating global tax provision calculations and reporting
- Integrating tax-relevant financial data from various enterprise systems
- Managing deferred tax assets and liabilities across multiple jurisdictions
- Streamlining tax reporting and audit readiness for multinational entities
Features
Visibility
- Global Tax Position Overview: Centralized view of current and deferred tax positions across all legal entities and jurisdictions.
- Effective Tax Rate Analysis: Tools to analyze and reconcile the effective tax rate, identifying drivers and variances.
- Drill-down Capabilities: Ability to drill down from summary data to detailed transactional levels for investigation and audit support.
Intelligence
- Automated Data Reconciliation: Intelligent matching and reconciliation of financial data from disparate sources to ensure accuracy.
- Scenario Modeling: Tools to model the impact of different tax law changes or business strategies on the tax provision.
- Compliance Anomaly Detection: Identifies unusual patterns or discrepancies in tax data that may indicate compliance risks.
Support
- Expert Tax Guidance: Access to KPMG's tax professionals for complex tax accounting and regulatory interpretation.
- Dedicated Client Support: Ongoing technical and functional support for the software solution.
- Training & Onboarding: Comprehensive training programs for users to maximize solution adoption and effectiveness.
Technical Specifications
- Architecture
- Cloud-native, API-driven architecture leveraging microservices for scalability and integration.
- Deployment
- SaaS
- Authentication
- SSO/SAML, MFA
- API Available
- Yes
Integrations
- ERP Systems
- General Ledgers
- Coupa
Security & Compliance
Certifications: SOC 2, ISO 27001, GDPR
Encryption: Data encryption at rest and in transit using industry-standard protocols.
Pricing
- Model
- Subscription-based
- Starting Price
- Contact sales
- Target Customer
- Enterprise
- Contract Type
- Annual
- Free Trial
- No
About KPMG
KPMG is a global organization of independent professional services firms providing Audit, Tax, and Advisory services. Founded in 1987, it helps clients navigate complex business challenges and achieve their goals through a comprehensive suite of solutions including digital transformation and AI.