Insights Suite

Standardised data analysis for specific regulations

Legal regulations, such as taxes, are complex and subject to change. To check whether your organisation complies with the regulations, you can perform manual sampling at several moments throughout the year. This may be sufficient, but it does not provide you with a complete overview of the risks and improvement opportunities at any point in time. How do you determine that you are applying the rules correctly, even after a change in regulations? And what other insights can the data from your systems offer you?

Automatic data analysis of applied regulations

With our data analysis tools of the Insights Suite, we can automatically analyse large quantities of data regarding a specific topic, such as corporate tax, VAT or payroll administration. The Insights Suite checks data for the application of the latest regulations and displays the potential risks and opportunities for improvement in a dashboard, using a visualisation program of your choice. The Insights Suite is compatible with virtually any ERP-system.

Dashboard with management information

With the information provided in the dashboard, your PwC advisor can help you reduce risks and realise potential improvements for example through adjustments in your ERP-system, changes in internal procedures or coordination with the tax authorities. The key figures in the dashboard can be used in reports to management and other internal and external stakeholders, such as the tax authorities. The data analysis tools of the Insights Suite provides you with real-time insights based on all your available data.

CIT Insights for corporate tax

The data analysis tool CIT Insights analyses large quantities of data from your ERP system to visualise insights about your corporate tax. For example, what is your global consolidated tax position and what effective corporate tax rate do you pay per country in which you operate? CIT Insights' real-time insights are of value to the internal and external auditors, for example, for risk management, the tax director and the CFO. In addition, the visualisations are valuable to share with all relevant stakeholders.

VAT Insights for VAT

The data analysis tool VAT Insights provides an overview of all VAT data per period and provides insight into possible errors in your VAT administration that might otherwise only come to light during an audit by the tax authorities. For example, is VAT deducted in the right period, at the right rates and in the right country? In addition to insight into optimisations of your purchasing and sales processes, VAT Insights also provides non-tax management information for CFO’s and controllers. Think of the top ten customers, countries and suppliers, cash flow information and the number of invoices in relation to turnover.

“With the Insights Suite, you improve your systems and processes and comply with regulations”

Tijmen NieuwenhuizenSenior Manager Smart Automation & Quantitative Solutions

HR Insights for payroll administration

The data analysis tool HR Insights automatically analyses data from your payroll administration. With HR Insights, you gain insight into possible errors in your payroll administration system as a result of an analysis based on standard algorithms. The tool conducts a gross-net calculation using the data of all your employees, and an analysis that allows you to check payroll tax and social security contributions.

WoCo Insights and other sector-specific tools

Each sector has specific regulations that organisations must comply with. Our data analysts work with sector experts on tools to automate and fully monitor such regulations - including on the request and advice of our clients. As such, we offer WoCo Insights for real estate corporations, which include an analysis of tenant allocation and average rent, as well as standard compliance reports for the dVi.

Do you have suggestions for the use of data analysis in your industry, or would you like to learn more about the Insights that we are already offering? If so, please feel free to contact us.

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Fieke van der Vlist

Fieke van der Vlist

Partner, PwC Netherlands

Tel: +31 (0)63 075 19 37

Tijmen Nieuwenhuizen

Tijmen Nieuwenhuizen

Director, PwC Netherlands

Tel: +31 (0)61 048 91 43

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