Tech news: Wolters Kluwer releases new Corporate Transparency Act solution

Accounting data provider Validis announced a technology partnership with automation platform DataSnipper. DataSnipper, when integrated with Validis, delivers a single audit test workflow. Validis provides instant access to financial data provided by the ERP systems from an audit client. Validis then structures the data into usable reports with the ability to extract the structured data as an Excel file. This Excel file then flows into DataSnipper and is used by the auditor to automatically match data with audit evidence, supporting a high-quality, easily reviewable audit trail. … Tech giant Oracle announced a partnership with Big Four firm Deloitte. Oracle is introducing new capabilities to Oracle Fusion Cloud Enterprise Performance Management (EPM) that, when paired with Deloitte’s implementation services, can be used to help multinational organizations manage upcoming Organization for Economic Co-operation and Development (OECD) Pillar Two tax requirements. The new rules effectively create a global minimum tax rate of 15 percent and significantly impact financial processes and operating structures for large multinational organizations. Combined with Deloitte’s Tax Technology Consulting’s existing Oracle implementation service team, companies can enhance tax reporting with the Pillar Two solution in Oracle Cloud EPM. Capabilities include Pillar Two data collection and management, a Pillar Two Task Manager, and Pillar Two tax forecasting and modeling.

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