Is your global compliance process complex and time consuming? Are your highly skilled global tax and finance teams spending their time on the routine tasks necessary for compliance across every entity in every jurisdiction?
There is a way to reduce the burden of compliance and free up your best tax and finance talent to deliver high value strategy and planning work. Our outsourcing solution offers you in-country tax and finance experts, a uniform and consistent global approach and a single, UK-based, point of contact for all services, across all jurisdictions. You will have real-time visibility and global control through our Client Portal.
We can also help you develop a governance framework to optimise your global compliance process and further ease the burden on your tax and finance teams.
You will benefit from the insights and recommendations generated by our diagnostic study of your compliance chain. We will use our findings to help you build an optimised governance framework as well as creating standardisation, improving efficiency, reducing risk and delivering you peace of mind. Our solution brings together a mix of global tax, project management and process and performance expertise.
You will also be assisted by our in-country experts wherever you operate, centrally coordinated by our UK team. Our shared goal is a solution that meets all your international compliance requirements.
The outsourcing continuum in compliance and reporting
We have seen rising demand for technology solutions for compliance and reporting challenges. How that technology is supported and used by in-house and outsourced teams can vary greatly, we refer to this as the outsourcing continuum.
Some businesses want to fully leverage a provider for a completely outsourced, managed service, while others keep all compliance work in-house. For the majority of multinational businesses, a blended approach will deliver the best outcomes. They can use a hybrid co-sourcing model, underpinned by the appropriate use of technology and automation. This offers the genuine flexibility that future-proofs against changing business requirements.
The right technology for compliance and reporting
Our own approach is to carefully pick ‘best-in-class’ technology packages developed by leading software houses. We then integrate those technology solutions with established processes so that together they support the target operating model.
We will follow that exact same approach when it comes to helping you select the right solution for your needs. You can rely on us to provide technology-agnostic advice to help you select the best technology offerings based on your business requirements. Our tax and technology specialists will focus on blending these technologies together in innovative ways to provide a fresh perspective and best-in-class outcomes.
By using market standard software, you will avoid customising yourself into a corner. Instead, you will be building a flexible and future proof solution that ensures your global compliance obligations are met in the most efficient way.
BDO can support you with each element of your compliance process:
- Transactional processing
- Corporate financial reporting
- Tax accounting and provisioning
- Local statutory reporting
- Income tax reporting
- Tax planning
We would be delighted to talk to you about how we can support your global finance and tax teams in meeting their compliance and reporting obligations. Fill out the form below and we will be in touch. Alternatively, you can find out more about us and our services by downloading our brochure.