PwC Global Tax Provision

Automate and streamline global tax provision with cloud-based analytics.

by PwC · Tax Provision

PwC Global Tax Provision screenshot

Executive Summary

PwC Global Tax Provision is a sophisticated cloud-based solution designed to automate and streamline the complex global tax provision process for multinational organizations. It provides a centralized platform for managing current and deferred tax calculations, ensuring accuracy and consistency across various jurisdictions. By leveraging advanced analytics, the solution helps tax departments move beyond manual processes to a more efficient, data-driven approach to tax reporting. The platform facilitates comprehensive effective tax rate (ETR) analysis, allowing tax professionals to understand the drivers of their ETR and perform scenario modeling for strategic tax planning. It also supports the generation of financial statement disclosures, ensuring compliance with international accounting standards such as ASC 740 and IAS 12. This automation reduces the risk of errors, accelerates the close process, and frees up tax teams to focus on higher-value activities. With its robust integration capabilities, PwC Global Tax Provision connects seamlessly with existing financial systems, enabling efficient data flow and a holistic view of tax-related financial data. The solution is built with a focus on security and compliance, incorporating features like audit trails and workflow automation to support governance and regulatory requirements, ultimately enhancing transparency and control over the global tax provision cycle.

Use Cases

  • Automating current and deferred tax calculations for financial reporting.
  • Performing effective tax rate (ETR) analysis and reconciliation.
  • Generating accurate financial statement disclosures related to income taxes.
  • Streamlining the global tax provision process for multinational corporations.
  • Ensuring compliance with global accounting standards for tax reporting (e.g., ASC 740, IAS 12).

Features

Visibility

  • Real-time Global Tax View: Provides a consolidated, real-time view of global tax positions, liabilities, and effective tax rates across all entities.
  • Drill-down Capabilities: Allows users to drill down into specific calculations, legal entities, and data sources for detailed analysis and auditability.

Intelligence

  • ETR Forecasting & Scenario Modeling: Enables forecasting of effective tax rates and modeling of various tax scenarios to assess impact on financial results.
  • Anomaly Detection: Utilizes analytics to identify unusual patterns or discrepancies in tax data that may require further investigation.

Technical Specifications

Architecture
Cloud-native, microservices-based architecture with API-led integration capabilities.
Deployment
SaaS
API Available
Yes

Integrations

  • Workday
  • SAP

Security & Compliance

Certifications: SOC 2, GDPR

Encryption: Data encrypted in transit and at rest using industry-standard protocols.

Pricing

Starting Price
Contact sales
Target Customer
Mid-Market,Enterprise

About PwC

PwC (PricewaterhouseCoopers) is a British multinational professional services network headquartered in London, United Kingdom. It is a global network of firms renowned for delivering assurance, tax, and consulting services across a multitude of industries.

Founded: 1998 · Headquarters: London, United Kingdom · Employees: 10,001+ · Private

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