Increasing Value from your Finance Transformation through Compliance and Reporting
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Many organisations are relying on Finance Transformation to shift cost out of the system and provide valuable, real-time support and insight to the business. One of the biggest stumbling blocks, however, is Global Compliance & Reporting (GCR).
Things will only get worse as business models continue to evolve, Finance functions transform, and regulatory landscapes become more complex. Under these conditions, Finance leaders are under a lot of pressure to re-evaluate how to get value from the information and systems they already have as part of a GC&R process.
What can you do?
Understand how the data produced through compliance could be used more proactively to support business insights and leverage local knowledge.
As data output becomes more centralised it can be used by other processes. For example, it can be reviewed to identify ‘trigger’ events that might indicate opportunities for process optimization, tax planning or tax controversy preparation. In addition, many leading companies are using their GCR program as a platform to generate cash tax savings in Capital Assets and Incentives, Research Incentive Regimes, and Detailed Expense Analysis.
Join us to find out more:
This webinar, led by 5 experts from EY’s broad-reaching compliance and reporting practice, will provide answers to your most complex, compliance-related challenges, including:
- How to ensure you retain visibility over your compliance process and identify control issues or weaknesses
- How to mine and analyse data through compliance, to maximise business opportunities available
- How to maximise the impact of your reporting
- How to stay fully updated on local country obligations without local country presence
Register now, as a first step in maintaining visibility and control over the regulatory landscape and filing requirements within each of your worldwide locations. You'll also gain some tools that will help you better manage the GCR process through a centralised structure.
Note: to find out more about how to become more compliant – the basic services associated with local reporting (financial and tax filings, bookkeeping, payroll and corporate secretarial services) and how to centralise these – watch the first part of the GCR series here.
Steve has spent 20 years as a business leader within the largest global IT companies, working within the IT services space and more specifically focused outsourcing services. Steve now leads the EMEIA Markets and Solutions activities for the EY Global Compliance and Reporting business unit - the area of EY that delivers local bookkeeping, tax, accounting, payroll and company secretarial services to thousands of organisations across the globe. Within this $1.6B global business, Steve has worked with many of the largest global organisations to co-develop globally 'managed', 'outsourced' or 'co-source' solutions that address local compliance obligations, after local transactional finance teams are moved from within country to shared services (captive or outsourced).
Adrian Bath is a Senior Manager in the Global Compliance & Reporting Centre for EMEIA. He has 20 years experience in UK and International tax planning and compliance, and a good knowledge and understanding of tax compliance issue. He regularly utilises that knowledge and experience in the management of Global Compliance engagements. He has been working with EY for 3 years. Prior to that he worked as a Group Tax Manager for Skanska UK, a major construction group.
Will More-King is a Director within EY’s Quantitative Services practice for EMEIA, where he leads the team for Shared Services. He joined the firm in 2014, after 16 years in another Big 4 firm and is based in the Birmingham office. Will is a Chartered Accountant and Tax Adviser.
Patrick leads the EY Tax Performance Advisory business in EMEIA. He leads tax transformation engagements with focus on the value and quality of tax data in financial systems, efficiencies with tax-related technology, effective and controlled processes, and responsive operating models and metrics Patrick has over 20 years of experience providing tax services to major multinational manufacturing, services, energy, utility, financial services and retail companies, including roles as tax services coordinator, industry tax partner and tax operations advisor.
Prior to joining EY in 2002, Rob served as Tax Legislative Counsel in the Office of Tax Policy at the U.S. Department of the Treasury, where he was the chief legal advisor to the Assistant Secretary of the Treasury (Tax Policy) on all the Administration's domestic tax legislative and regulatory initiatives. As such, he was responsible for reviewing and approving all rulings and regulations published by the Treasury Department and the Internal Revenue Service in the areas of corporate, financial products, partnerships, S corporations, exempt organizations and bonds, trusts and estates, and individual taxes. He also assisted the Congressional tax staffs, including the Joint Committee on Taxation staff, in drafting legislative language and preparing Committee Reports.
Rob also previously served as Tax Counsel to the U.S. Senate Committee on Finance, where he advised the Committee on a broad range of substantive tax policy issues. During his tenure, his work included advising and formulating strategy for the Omnibus Budget Reconciliation Act of 1993, the North American Free Trade Agreement Implementation Act (1993), and the Uruguay Round Agreements Act (1994).
Rob was a partner in the Washington, DC law firm of Ivins, Phillips & Barker, Chtd, where his practice covered transactional business planning and restructuring; legislative and regulatory lobbying; representing clients administratively before the Internal Revenue Service; and litigating a broad range of tax issues.