finance.yahoo.com Open in urlscan Pro
2406:2000:a4:807::  Public Scan

URL: https://finance.yahoo.com/news/oracle-deloitte-help-multinational-organizations-162100023.html
Submission: On December 01 via api from US — Scanned from JP

Form analysis 2 forms found in the DOM

Name: ybar_mod_searchbox_sGET https://search.yahoo.com/search

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  <div class="finsrch-rslt finsrch-custom-rst finsrch-show-recomlst finsrch-show-ftr hidden modules-module_greenSrchRslt__Iemde modules-module_noDisplay__0NU79">
    <div class="modules-module_resultsWrapper__YGfQD">
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      <footer data-id="search-assist-footer" class="modules-module_noDisplay__0NU79">
        <p class="modules-module_tipMessage__ZQFev">Tip: Try a valid symbol or a specific company name for relevant results</p>
      </footer>
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    <div data-id="search-assist-input-recomlst">
      <div class="modules-module_sectionHeaderNoBrdr__j5DP2 ">
        <h3 class="modules-module_sectionHeaderTitleLight__NrKIv">Trending Tickers</h3>
      </div>
      <ul role="listbox" class="modules-module_recPillList__VH0mw">
        <li role="option" title="XRP-USD" tabindex="0" data-type="recommend" data-id="result-recommend-0" data-test="srch-trd-sym" data-index="0" data-pindex="0" class="modules-module_recLinkItem__eEOpb modules-module_selectedBackground__6dnU7">
          <div class="modules-module_recPillContainer__jDQx1">
            <div class="modules-module_recPillDefaultLogo__QoEuV"><img loading="lazy" src="https://s2.coinmarketcap.com/static/img/coins/64x64/52.png" alt="XRP-USD-logo" class="modules-module_recPillLogo__lI83F"></div><span
              class="modules-module_recPillSymbol__mxoJP">XRP-USD</span>
            <div class="modules-module_recPriceContainer__fM8pf"><fin-streamer data-symbol="XRP-USD" data-field="regularMarketPrice" data-trend="none" data-pricehint="2" value="1.9435959" active="">
                <span>1.94</span>
              </fin-streamer></div>
            <div class="modules-module_recPercentContainer__0wUk2 modules-module_positive__gnzPV percentChangeWrapper">(<fin-streamer class="percentChange modules-module_arrows__x4-uX" data-symbol="XRP-USD" data-field="regularMarketChangePercent"
                data-trend="txt" data-pricehint="2" value="7.7801266" data-tstyle="default" active="">
                <span class="modules-module_arrows__x4-uX">+7.78%</span>
              </fin-streamer>)</div>
          </div>
        </li>
        <li role="option" title="ETH-USD" tabindex="0" data-type="recommend" data-id="result-recommend-1" data-test="srch-trd-sym" data-index="1" data-pindex="1" class="modules-module_recLinkItem__eEOpb">
          <div class="modules-module_recPillContainer__jDQx1">
            <div class="modules-module_recPillDefaultLogo__QoEuV"><img loading="lazy" src="https://s2.coinmarketcap.com/static/img/coins/64x64/1027.png" alt="ETH-USD-logo" class="modules-module_recPillLogo__lI83F"></div><span
              class="modules-module_recPillSymbol__mxoJP">ETH-USD</span>
            <div class="modules-module_recPriceContainer__fM8pf"><fin-streamer data-symbol="ETH-USD" data-field="regularMarketPrice" data-trend="none" data-pricehint="2" value="3712.8032" active="">
                <span>3712.80</span>
              </fin-streamer></div>
            <div class="modules-module_recPercentContainer__0wUk2 modules-module_positive__gnzPV percentChangeWrapper">(<fin-streamer class="percentChange modules-module_arrows__x4-uX" data-symbol="ETH-USD" data-field="regularMarketChangePercent"
                data-trend="txt" data-pricehint="2" value="3.3831158" data-tstyle="default" active="">
                <span class="modules-module_arrows__x4-uX">+3.38%</span>
              </fin-streamer>)</div>
          </div>
        </li>
        <li role="option" title="BTC-USD" tabindex="0" data-type="recommend" data-id="result-recommend-2" data-test="srch-trd-sym" data-index="2" data-pindex="2" class="modules-module_recLinkItem__eEOpb">
          <div class="modules-module_recPillContainer__jDQx1">
            <div class="modules-module_recPillDefaultLogo__QoEuV"><img loading="lazy" src="https://s2.coinmarketcap.com/static/img/coins/64x64/1.png" alt="BTC-USD-logo" class="modules-module_recPillLogo__lI83F"></div><span
              class="modules-module_recPillSymbol__mxoJP">BTC-USD</span>
            <div class="modules-module_recPriceContainer__fM8pf"><fin-streamer data-symbol="BTC-USD" data-field="regularMarketPrice" data-trend="none" data-pricehint="2" value="96411.15" active="">
                <span>96411.15</span>
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            <div class="modules-module_recPercentContainer__0wUk2 modules-module_negative__zlMEC percentChangeWrapper">(<fin-streamer class="percentChange modules-module_arrows__x4-uX" data-symbol="BTC-USD" data-field="regularMarketChangePercent"
                data-trend="txt" data-pricehint="2" value="-1.0674777" data-tstyle="default" active="">
                <span class="modules-module_arrows__x4-uX">-1.07%</span>
              </fin-streamer>)</div>
          </div>
        </li>
        <li role="option" title="XRP-CAD" tabindex="0" data-type="recommend" data-id="result-recommend-3" data-test="srch-trd-sym" data-index="3" data-pindex="3" class="modules-module_recLinkItem__eEOpb">
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              class="modules-module_recPillSymbol__mxoJP">XRP-CAD</span>
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                <span>2.72</span>
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            <div class="modules-module_recPercentContainer__0wUk2 modules-module_positive__gnzPV percentChangeWrapper">(<fin-streamer class="percentChange modules-module_arrows__x4-uX" data-symbol="XRP-CAD" data-field="regularMarketChangePercent"
                data-trend="txt" data-pricehint="2" value="7.7801266" data-tstyle="default" active="">
                <span class="modules-module_arrows__x4-uX">+7.78%</span>
              </fin-streamer>)</div>
          </div>
        </li>
        <li role="option" title="SHIB-USD" tabindex="0" data-type="recommend" data-id="result-recommend-4" data-test="srch-trd-sym" data-index="4" data-pindex="4" class="modules-module_recLinkItem__eEOpb">
          <div class="modules-module_recPillContainer__jDQx1">
            <div class="modules-module_recPillDefaultLogo__QoEuV"><img loading="lazy" src="https://s2.coinmarketcap.com/static/img/coins/64x64/5994.png" alt="SHIB-USD-logo" class="modules-module_recPillLogo__lI83F"></div><span
              class="modules-module_recPillSymbol__mxoJP">SHIB-USD</span>
            <div class="modules-module_recPriceContainer__fM8pf"><fin-streamer data-symbol="SHIB-USD" data-field="regularMarketPrice" data-trend="none" data-pricehint="2" value="0.000026720949" active="">
                <span>0.00</span>
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            <div class="modules-module_recPercentContainer__0wUk2 modules-module_positive__gnzPV percentChangeWrapper">(<fin-streamer class="percentChange modules-module_arrows__x4-uX" data-symbol="SHIB-USD" data-field="regularMarketChangePercent"
                data-trend="txt" data-pricehint="2" value="2.739858" data-tstyle="default" active="">
                <span class="modules-module_arrows__x4-uX">+2.74%</span>
              </fin-streamer>)</div>
          </div>
        </li>
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<form data-finsrch="quote" role="search" class="dock-srch yf-cs8l6v" fininit="">
  <div class="icon fin-icon tertiary-icn sz-x-large tw-absolute !tw-inline-flex tw-top-3 tw-left-3 yf-1pnxr15"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24">
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  <div class="finsrch-rslt finsrch-custom-rst finsrch-show-recomlst yf-cs8l6v finsrch-show-ftr modules-module_noDisplay__0NU79">
    <div class="modules-module_resultsWrapper__YGfQD">
      <div class="modules-module_resultsContainerRedesign__yG1rH" data-id="search-assist-input-sugglst"></div>
      <footer data-id="search-assist-footer" class="modules-module_noDisplay__0NU79">
        <p class="modules-module_tipMessage__ZQFev">Tip: Try a valid symbol or a specific company name for relevant results</p>
      </footer>
    </div>
    <div data-id="search-assist-input-recomlst">
      <div class="modules-module_sectionHeaderNoBrdr__j5DP2 ">
        <h3 class="modules-module_sectionHeaderTitleLight__NrKIv">Trending Tickers</h3>
      </div>
      <ul role="listbox" class="modules-module_list__hi5kT">
        <li role="option" title="XRP USD" tabindex="0" data-type="recommend" data-id="result-recommend-0" data-test="srch-trd-sym" data-index="0" data-pindex="0"
          class="modules-module_linkItemLgNeoGreenLg__X88Wg modules-module_quoteItem__W8hI- modules-module_selectedBackground__6dnU7">
          <div class="modules-module_quoteLeftCol__yV9LA modules-module_Ell__N1WPm modules-module_IbBox__NPYId">
            <div class="modules-module_quoteCompanyInfo__ULJ7V modules-module_Ell__N1WPm">
              <div class="modules-module_quoteSymbol__BGsyF">XRP-USD</div>
              <div class="modules-module_quoteCompanyName__JVZCM modules-module_Ell__N1WPm">XRP USD</div>
            </div>
          </div>
          <div class="modules-module_quoteRightCol__iH6f-">
            <div class="undefined"><span>Cryptocurrency</span><span class="modules-module_quoteTypeExchange__omxiA">CCC</span></div>
          </div>
        </li>
        <li role="option" title="Ethereum USD" tabindex="0" data-type="recommend" data-id="result-recommend-1" data-test="srch-trd-sym" data-index="1" data-pindex="1"
          class="modules-module_linkItemLgNeoGreenLg__X88Wg modules-module_quoteItem__W8hI- ">
          <div class="modules-module_quoteLeftCol__yV9LA modules-module_Ell__N1WPm modules-module_IbBox__NPYId">
            <div class="modules-module_quoteCompanyInfo__ULJ7V modules-module_Ell__N1WPm">
              <div class="modules-module_quoteSymbol__BGsyF">ETH-USD</div>
              <div class="modules-module_quoteCompanyName__JVZCM modules-module_Ell__N1WPm">Ethereum USD</div>
            </div>
          </div>
          <div class="modules-module_quoteRightCol__iH6f-">
            <div class="undefined"><span>Cryptocurrency</span><span class="modules-module_quoteTypeExchange__omxiA">CCC</span></div>
          </div>
        </li>
        <li role="option" title="Bitcoin USD" tabindex="0" data-type="recommend" data-id="result-recommend-2" data-test="srch-trd-sym" data-index="2" data-pindex="2" class="modules-module_linkItemLgNeoGreenLg__X88Wg modules-module_quoteItem__W8hI- ">
          <div class="modules-module_quoteLeftCol__yV9LA modules-module_Ell__N1WPm modules-module_IbBox__NPYId">
            <div class="modules-module_quoteCompanyInfo__ULJ7V modules-module_Ell__N1WPm">
              <div class="modules-module_quoteSymbol__BGsyF">BTC-USD</div>
              <div class="modules-module_quoteCompanyName__JVZCM modules-module_Ell__N1WPm">Bitcoin USD</div>
            </div>
          </div>
          <div class="modules-module_quoteRightCol__iH6f-">
            <div class="undefined"><span>Cryptocurrency</span><span class="modules-module_quoteTypeExchange__omxiA">CCC</span></div>
          </div>
        </li>
        <li role="option" title="XRP CAD" tabindex="0" data-type="recommend" data-id="result-recommend-3" data-test="srch-trd-sym" data-index="3" data-pindex="3" class="modules-module_linkItemLgNeoGreenLg__X88Wg modules-module_quoteItem__W8hI- ">
          <div class="modules-module_quoteLeftCol__yV9LA modules-module_Ell__N1WPm modules-module_IbBox__NPYId">
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…




ORACLE AND DELOITTE HELP MULTINATIONAL ORGANIZATIONS PREPARE FOR OECD PILLAR TWO
REQUIREMENTS

PR Newswire
January 11, 2024 4 min read

1



IN THIS ARTICLE:

ORCL
+1.17%

New capabilities in Oracle Fusion Cloud EPM and Deloitte's Pillar Two
implementation services help finance leaders navigate new tax complexities and
regulations

AUSTIN, Texas, Jan. 10, 2024 /PRNewswire/ -- Oracle is introducing new
capabilities to Oracle Fusion Cloud Enterprise Performance Management (EPM)
that, when paired with Deloitte's implementation services, can help
multinational organizations as they manage upcoming Organization for Economic
Co-operation and Development (OECD) Pillar Two tax requirements. The combination
of both offerings can help finance leaders simplify complex tax processes and
reporting and achieve better alignment between finance, sales, and taxation
through end-to-end process automation.


(PRNewsfoto/Oracle)

The OECD's Pillar Two requirements represent the largest change to global
corporate taxation in decades. The new rules effectively create a global minimum
tax rate of 15 percent and significantly impact financial processes and
operating structures for large multinational organizations. With Deloitte's Tax
Technology Consulting existing Oracle implementation service team, companies can
enhance tax reporting with the Pillar Two solution in Oracle Cloud EPM. This
complementary pairing can help organizations collaborate across tax, finance,
and other operational areas; collect and manage data from various source
systems, including the general ledger, subledgers, and more; and better model
future impacts of the new requirements.



"International tax compliance is incredibly complex. To efficiently address the
new Pillar Two requirements, organizations need to rapidly connect and analyze
increasing amounts of data," said René van Gassen, director, Tax Technology
Consulting (TTC) at Deloitte Netherlands. "Our implementation skills along with
Oracle's solutions can enable finance leaders to effectively leverage Oracle's
technology to unite tax and finance processes and efficiently manage
compliance."

The new capabilities in Oracle Cloud EPM can help finance teams streamline
complex tax processes. These capabilities include:

 * Pillar Two data collection and management: Help tax teams automatically
   collect data from various business systems, including finance, HR, and sales
   systems, and format the data to align with Pillar Two data model
   requirements. This provides a strong audit trail and allows teams to spend
   less time collecting and harmonizing data.

 * Pillar Two Task Manager: Streamlines coordination and collaboration across
   the entire financial close process, minimizing delays to the close. The
   easy-to-deploy Task Manager enables users to assign and monitor tasks from a
   central dashboard and provides a simple step-by-step process to guide them
   through their Pillar Two responsibilities. This helps teams ensure that the
   Pillar Two process runs as seamlessly as possible.

 * Pillar Two tax forecasting and modeling: Provides teams with the ability to
   forecast and model tax scenarios in Oracle Cloud EPM. This helps predict
   future impacts of the new OECD requirements so organizations can better
   prepare for the new global minimum tax.

Story Continues

"As multinational organizations plan for the impact of the new Pillar Two global
minimum tax regulations, technology is going to play a key role in helping
enable accurate and efficient compliance," said Hari Sankar, group vice
president, Product Management at Oracle. "Pillar Two in Oracle Cloud EPM has
best practices and advanced modeling capabilities built-in to enable customers
to centralize controls, improve tax visibility, and adapt their tax strategies."

"To prepare for Pillar Two reporting requirements, companies need a solution
that connects and analyzes enterprise-wide data," said Allison Matthews,
Partner, Tax Technology Consulting (TTC) at Deloitte Tax LLP. "The combination
of Deloitte's implementation services and Oracle's enterprise performance
management technology is instrumental to be prepared for these global changes."



Part of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Cloud EPM
offers a comprehensive set of enterprise performance management capabilities to
align financial and operational planning, close the books faster, and manage
enterprise master data.

Learn more about Oracle Cloud EPM at Oracle.com and explore Deloitte's tax
technology services at Deloitte.com.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous
infrastructure in the Oracle Cloud. For more information about Oracle (NYSE:
ORCL), please visit us at oracle.com

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its
global network of member firms, and their related entities (collectively, the
"Deloitte organization"). DTTL ( also referred to as "Deloitte Global") and each
of its member firms and related entities are legally separate and independent
entities, which cannot obligate or bind each other in respect of third parties.
DTTL and each DTTL member firm and related entity is liable only for its own
acts and omissions, and not those of each other. DTTL does not provide services
to clients. Please see www.deloitte.com/about to learn more.



Deloitte provides industry-leading audit and assurance, tax and legal,
consulting, financial advisory, and risk advisory services to nearly 90% of the
Fortune Global 500® and thousands of private companies. Our people deliver
measurable and lasting results that help reinforce public trust in capital
markets, enable clients to transform and thrive, and lead the way toward a
stronger economy, a more equitable society, and a sustainable world. Building on
its 175-plus year history, Deloitte spans more than 150 countries and
territories. Learn how Deloitte's more than 450,000 people worldwide make an
impact that matters at www.deloitte.com

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle
Corporation. NetSuite was the first cloud company--ushering in the new era of
cloud computing.

 


Cision

View original content to download
multimedia:https://www.prnewswire.com/news-releases/oracle-and-deloitte-help-multinational-organizations-prepare-for-oecd-pillar-two-requirements-302031577.html

SOURCE Oracle


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