Finext and Taxvibes develop Corporate Tax Reporting app in Anaplan

Corporate tax reporting faces a number of trends. The call for greater transparency, the growth of sustainability reporting and upcoming legislation such as country-by-country reporting require detailed tax information. Specialists at Finext and TaxVibes have developed a dedicated tax reporting app for this purpose on Anaplan's cloud-based planning and modeling platform. Anaplan combines a powerful planning and modeling engine with cloud-based collaboration and a simple interface for business users. Anaplan customers can choose from more than 100 pre-built planning apps in the Anaplan App Hub, or easily build their own. The new tax reporting app is available on the Anaplan App Hub and enables businesses to report tax information in an effective and user-friendly way.

The field of corporate tax reporting is changing. "There are a number of big changes going on at the same time," says Patrick van Gerven of Taxvibes. "First, new legislation is coming into effect, such as country-by-country reporting for multinationals. Second, there is growing public awareness around taxes, combined with an increase in sustainability reporting. This leads to more transparency about tax principles, tax data and taxes paid by country." To address these trends, organizations need detailed, current and accurate insight into the tax position by entity and country.

Effective tax process

The technology around tax reporting is becoming increasingly important. The new application ensures a smooth and effective tax process, moreover, you can integrate the tax application with the existing Performance Management applications to collect reliable tax data from across the organization.

In the cloud

The newly developed tax app is built on Anaplan's cloud platform, making the information accessible anytime, anywhere through a simple interface. "This ensures that tax managers have access to the same up-to-date figures as finance," says Marco van Oosterhout, Managing Director of Anaplan Benelux. "It is user-friendly and flexible, making legal or organizational changes easy to implement."