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ConsPrep BEPS

How to Efficiently Create Country-by-Country Reportings

From 2017 on, multinational corporations must submit country-specific reports, as stipulated by the OECD. The goal of Country-by-Country-Reporting (CbCR) is to root out a controversial tax strategy—the so-called Base Erosion and Profit Shifting (BEPS).

Since the 2016 business year, corporations face the daunting task of reporting revenue, income, taxes, and other key figures separately for each country. This data must first be collected. Another requirement is to create the report in XML data format. Furthermore, new terms, which do not correspond to any of those used in the accounting principles valid up to then, have to be interpreted.

A little help would be nice?! We would be pleased to support you: ConVista ConsPrep BEPS helps you to efficiently fulfill all new requirements as legally stipulated.

 

Make it easy for yourself—you can rely on our longstanding expertise and our enthusiasm for serving our customers and their projects. We have developed ConsPrep BEPS ourselves in close cooperation with customers. Since we were so pleased with the result, this product received the ConVista-Innovation-Award in 2017.

The user-friendly evaluation of ConsPrep BEPS allows you to keep track of your CbCR. It saves  you from manually entering additional data from various sources, helping to reduce errors.

By the way: ConsPrep BEPS supplements the ConVista ConsPrep product, already widely and successfully used by companies for preparing consolidation as well as supporting tax and reporting processes.

ConsPrep BEPS:

  • Collects and provides data very quickly and in the right format; ensures data quality and accelerated closing
  • Facilitates transparent and user-friendly CbC reporting
  • Is a SAP-certified add-on that we will customize to your individual needs
  • Can connect all subsidiaries across all systems
  • Easy to use
  • Can be fully integrated into existing components

To put it in a nutshell: equipped with ConsPrep BEPS, you can start country-specific reporting compliant with OECD regulations.

If you work with us, you will get:

  • The secure feeling that OECD requirements will be met in a reliable and efficient manner
  • An innovative investment with which you can save time and money at the same time
  • A future-proof technology with many different functions for which we will make further releases available
  • Experts for implementation, maintenance, and further development
  • Competent specialists who will help you with any questions related to business, technology, and methodology

Vicky Schillig

Senior Consultant

+49 221 88826-152