Minimize risk, maximize output
Streamline all tax processes
Seemingly insignificant tax losses can combine to drive up your spending. While easier said than done, upholding the most stringent tax reporting process across every UBS region is crucial for your success.
Maintaining a unified tax process is especially tricky when dealing with an expanded clientele and duplicated roles across your organization.
With the right strategy enabled by Thomson Reuters, you can get a handle on this complexity and streamline your tax-related data and processes.
Reduce manual processes
Time-consuming manual tax calculations and return submissions open the door to human error. With our technology, you can cut the busywork and allow tax professionals to focus on more strategic activities, reduce the risk of errors, and improve overall compliance. At Thomson Reuters, we offer a solution that:
- Offers e-invoicing so updated tax regulations are automatically adhered to, wherever and whenever transactions take place.
- Seamlessly integrates with your existing ERP and CRM systems to unify tax compliance with other financial operations.
- Automatically keeps your teams updated on the latest content and rules, so you can quickly adapt to maintain compliance across regions.
Standardize tax processes across regions
Your tax professionals need visibility of all financial data to do their best work. Standardizing your processes across regions helps them stay on the same page and communicate effectively with other departments. The key to success is working together to integrate a sole source of truth into your existing systems that:
- Keeps everything in one place to ensure accuracy and consistency in financial statements across all jurisdictions.
- Helps your teams across locations meet local reporting requirements efficiently, while maintaining global standards.
- Standardizes transfer-pricing monitoring and documentation to reduce the need for year-end adjustments.
- Gives your teams resources and expert analyses on laws and treaties to keep pace with international tax developments.
Tailored solutions
At Thomson Reuters, we’re all about empowering tax professionals to do their best work and achieve compliance. We’re ready to help UBS excel at your craft.
Please get in touch to discuss how we can support you in creating the most efficient, reliable tax processes yet.
We’d be happy to talk about how we can support you in harmonizing risk, tax, and legal processes across new and old clients.