Making the Move to Modern Intercompany Tax Accounting
Tuesday, November 10, 2020 — 11:00 AM PT / 2:00 PM ET
Intercompany accounting is challenging for many global organizations due to its global and cross-functional nature between Accounting, Tax, and Treasury. Modernizing intercompany can have a tremendous impact on a tax organization, but alignment is key to success. To complicate things further, a company's technology ecosystem plays a critical role in streamlining the end-to-end intercompany process.
Do you understand the role that different technologies play in achieving your intercompany tax strategy? Are you utilizing technology solutions to help manage your intercompany processes, but are still challenged with gaps? Are global visibility and out-of-period adjustments still a problem?
Join this session to discover ways your organization can gain control over your intercompany accounting processes to reduce tax risk, increase visibility, and accelerate the month-end close.
After this session, you should be able to:
- Explain why manual intercompany accounting processes are not sustainable
- Discuss why your enterprise resource planning (ERP) system isn't designed to handle intercompany audit trails
- Recognize the complex challenges of tax when it comes to supporting intercompany processes
- Identify key value tax benefits of a streamlined intercompany accounting process, including cost savings, productivity gains, and risk reduction
This session is eligible for 1 CPE/CPD credit in the Business Management & Organization field of study.