Trusted Data Solutions

Connecting Data Intelligence for Optimised Compliance

Data is the foundation of every organisation, and the amount of available data is steadily growing. It is no wonder that a data strategy accelerates the overall business strategy across various functions. The tax department is no exception to this.

The global tax landscape is rapidly changing amidst increased reporting and transparency requirements, the implementation of Pillar 2, sustainability reporting such as CSRD, EUDR & CBAM, the migration of historical data to real-time monitoring & insights, and ESG opportunities such as credits and incentives.

The Importance of a Good Data Strategy

In an era where technological advancements and digital transformation have become the norm, PwC supports organisations struggling with the complexity of data. Whether it involves developing technological solutions or transforming Enterprise Resource Planning (ERP) systems and implementing advanced (tax) data warehouses, having a future-proof data strategy is a prerequisite.

What Does This Deliver?

Futureproofing: A data strategy focused on reliable, complete, and timely available data ensures continuity and sustainable growth for your organisation.
Compliance and Reporting: Traditional methods for compliance and reporting are no longer sufficient. Increasing demands from a diverse stakeholder audience are causing a fundamental shift in the role of data, making it more important than ever, even in the tax domain.
Focus on Data: It forces organisations to shift their focus from the final reports and disclosures to the underlying data points from a multitude of data sources and transactional data.

It is time to (re)consider your data strategy to efficiently manage new compliance challenges, generate insights needed to support the C-suite agenda, optimise processes, provide assurance, and alleviate compliance burdens within your organisation.

Our Services

PwC is ready to guide your organisation in reconsidering or setting up a future-proof data strategy. This is essential for the responsible use of a multitude of data applications. We understand that many companies still struggle with integrating diverse data sources from multiple, sometimes outdated (financial) systems. Our approach is aimed at turning these challenges into opportunities by jointly creating a solid and integrated data infrastructure.

With PwC's deep knowledge and experience in both the regulatory and data science domains, you can trust that your data strategy not only meets current requirements but is also flexible enough to handle future developments. Let us help you unlock the power of your data and lead your organisation to new heights.

Three Pillars for a Reliable Data Foundation

Unlocking the potential hidden in data relies on three pillars that collectively create the prerequisites for a data-driven way of working, optimal utilisation of your workforce, and optimal use of available technology.

Acquiring and analysing data with an emphasis on sustainably designed data pipelines, robust data transformation solutions, and the use of the latest software and technology.

We support you in building a solid data foundation for optimal integration between systems, effective data transformation, and quick access to relevant data. We build Data Lakes where all organisational data is collected regardless of type, context, or structure. Additionally, we create Data Warehouses where various databases are consolidated into one central database with structured and relevant data transformed into a standardised data model.

Optimising processes and transforming to enterprise resource planning as a basis for more data-driven working and unlocking the power of process analysis.

Data and process mining help you quickly and easily discover outliers and detect patterns. We start by collecting and consolidating data. Then we help you enrich, visualise, and apply advanced analyses to discover trends or anomalies, make better-informed decisions, and continuously optimise processes for a future-proof financial function.

Building or strengthening a strategic framework for compliance (related) data that provides reliable and efficient internal and external reporting in line with requirements.

Relying on objective data is essential to conduct the right and consistent business strategy and meet the wide variety of reporting requirements and other compliance obligations. We offer smart techniques and solutions to generate reliable data, automate its extraction, transform it into unambiguous data models, and validate its reliability. An efficient compliance pathway where combined data intelligence optimally relieves your teams in meeting the wide variety of regulations, from tax compliance to sustainability reporting in line with CSRD, providing the desired insight into strategic decision-making.