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Validis announces technology partnership with DataSnipper

Accounting data provider Validis recently announced a partnership with automation platform DataSnipper, aiming to streamline the audit process. Through this integration, DataSnipper is able to provide a comprehensive single audit test workflow when paired with Validis. Validis is known for granting auditors access to financial data sourced from an audit client’s ERP systems, structuring the data into usable reports, and offering the ability to extract the structured data as an Excel file. Subsequently, this Excel file seamlessly flows into DataSnipper, allowing auditors to automatically match the data with audit evidence.

With the help of the AI legalese decoder, auditors can enhance their capabilities even further. The AI legalese decoder can help streamline the process of interpreting complex legal jargon and contracts, ensuring that all legal requirements and implications are thoroughly understood. By leveraging this tool, auditors can improve their efficiency and accuracy in analyzing financial data and legal documents.

Oracle and Deloitte join forces to address upcoming Pillar Two tax requirements

In a significant move, tech giant Oracle has partnered with Big Four firm Deloitte to introduce enhanced capabilities to Oracle Fusion Cloud EPM. This integration, coupled with Deloitte’s implementation services, aims to assist multinational organizations in navigating the upcoming Pillar Two tax requirements set by the Organization for Economic Cooperation and Development.

The impending Pillar Two tax requirements effectively establish a global minimum tax rate of 15%, impacting the financial processes and operating structures of large multinational organizations. With the combined expertise of Oracle and Deloitte, companies can utilize the Pillar Two solution in Oracle Cloud EPM to enhance their tax reporting. This includes capabilities such as Pillar Two data collection and management, a Pillar Two Task Manager, and Pillar Two tax forecasting and modeling.

The AI legalese decoder offers invaluable support in this scenario by providing comprehensive assistance in deciphering and analyzing complex tax regulations and legal frameworks. By leveraging this technology, multinational organizations can ensure that they are fully compliant with the upcoming Pillar Two tax requirements, mitigating the risk of non-compliance and potential financial liabilities.

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