ONESOURCE Statutory Reporting Implementation for Leading Global IP Management & Technology Company

About the client

World’s leading Intellectual Property (IP) management & technology company having a presence across 4 continents and 12 countries

Problems:

• The client was relying on a spreadsheet-based methodology that lacked consistency and accuracy
• They were manually pulling relevant information out of their tax systems and organizing it in compliance with country-specific regulations

Solution:

Innover designed a digital solution that helped the client migrate from a spreadsheet-based methodology. The system enabled the client to digitally adhere to compliance rules across multiple nations.

• Global Implementation for 43 entities across the UK, EU i.e UK (IFRS & FRS 101), Jersey, Sweden, Germany, France, Luxembourg, including China and HongKong
• Increased Visibility - OSR enables greater regional and global transparency into reporting process giving confidence that every report in every country is accurate and on time
• Standardization of best practices – Country-specific content from the Big 4 provides assurance that meets the local compliance rules