LucaNet Tax
Automated tax accounting and reporting for current and deferred taxes.
Executive Summary
LucaNet Tax is a comprehensive software solution designed for tax accounting and reporting, specifically supporting international standards such as ASC 740 and IAS 12. It automates the complex calculations of current and deferred taxes, integrating these processes within a unified financial performance management platform. The solution provides a dedicated tax portal that streamlines tax compliance and reporting activities. Key functionalities include the ability to create and maintain tax balance sheets, with support for electronic submission to tax authorities, particularly in Germany. It offers robust automation capabilities for various tax processes and can accommodate specific regional and cantonal requirements. Furthermore, LucaNet Tax is equipped to handle advanced regulatory demands such as Pillar 2 compliance and Country-by-Country Reporting (CbCR), demonstrating flexibility in integrating diverse financial data sources for comprehensive tax management.
Use Cases
- Automated calculation of current and deferred taxes (ASC 740, IAS 12)
- Tax compliance and electronic submission of tax balance sheets
- Pillar 2 compliance and reporting
- Country-by-Country Reporting (CbCR)
- Integration of diverse financial data for tax management
Features
Visibility
- Comprehensive Tax Portal: Provides a unified platform for managing all tax-related activities and data, offering a clear overview of tax positions.
- Unified Financial Performance Management: Integrates tax data seamlessly within a broader financial performance management platform for holistic insights and reporting.
Intelligence
- Automated Tax Calculations: Automatically calculates current and deferred taxes in compliance with ASC 740 and IAS 12 standards, reducing manual effort and errors.
- XBRL Analysis: Leverages the browser-based XBRL Vision tool for advanced analysis of XBRL data, supporting detailed financial scrutiny.
Support
- Online Documentation Portal: Access comprehensive online documentation for all Lucanet solutions, including user guides and administration information.
Technical Specifications
- Architecture
- Multi-tenant cloud architecture on AWS with multi-region redundancy and automatic scaling
- Deployment
- SaaS
- API Available
- Yes
Infrastructure
- AWS
AI/ML Stack
- AI-elevated workflow agents
- Intelligence Core
Security & Compliance
Certifications: SOC 1 Type 2, SOC 2 Type 2, ISO 27001, ISO 27017, ISO 27018
Encryption: Encryption at rest and in transit; Bring Your Own Key available
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About LucaNet
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