By immediately accessing financial data from your general ledgers or financial consolidation system, Oracle Tax Reporting Cloud assists you in streamlining the tax provision process. The application makes higher accuracy and speeds possible using the most recent data and tax calculating technologies. Your current tax compliance software will benefit from the software. It eliminates the need for manual operations by immediately importing tax return information from your tax return software. Additionally, you can instantly export tax provisions and trial balances to the tax compliance program. Review collected by and hosted on G2.com.
The program is somewhat sophisticated in how it works. But their technical support is always there to guide you along the way, very supportive. The system actually lets you discard the need of using spreadsheet CSV, as it automates tax components automatically, and efficiency is increased by integrating source ERP and financial consolidation systems' data and metadata. Review collected by and hosted on G2.com.
Will get the run time information on the tax amount. Also the best part is tax simulator in which you can test it as well. You can divide the tax rule at state level as well, means below the country level Review collected by and hosted on G2.com.
The only thing it has a separate tab for transaction tax and withholding tax. it should be under one tab bifurcating with LOV basis or some rule basis. You have to define the rates on different tabs, during the go-live phase or migration phase, the implementor sometime defines the rate on the wrong tabs Review collected by and hosted on G2.com.
It's worth Automation, especially in the finance and Tax fields, as it helps in Data management for Different ERP systems. Medium and Large MNCs can use this. It also reduces any Excel and Manual work load. Review collected by and hosted on G2.com.
There were no significant observations when I used it, was happy with the results. Review collected by and hosted on G2.com.
Oracle Tax Reporting allows your compliance with your legal country requirement and eases the tax reporting for the company. Review collected by and hosted on G2.com.
Tax compounding is complex and needs to be checked out and I have found it difficult to exclude withholding on the transaction tax line. Review collected by and hosted on G2.com.
Customization Features on Oracle Tax Reporting Cloud make it easy for me & My Team to Manage the changing & complex Tax Regulations & Laws in our country & save Time & Effort reporting ti higher levels Review collected by and hosted on G2.com.
The non-usable Tabs make a distorting to the end-user in his experiment of the app & need to focus only on the Most useful Tabs & Keys to make the app more understandable & user friendly Review collected by and hosted on G2.com.
Oracle User Interface which I liked the most, Because i liked the Interface a lot especially cloud fusion. look and Feel is really good for me when comparred to other ERP. I request to develop the product with more ease. Review collected by and hosted on G2.com.
Nothing much to tell about disliking of the Product but using tax reporting is the 2nd Time We are using this product. As reporting of tax details are minor for which we are using so there nothing more to tell in brief about the product Review collected by and hosted on G2.com.
Its primarily used by finance teams; it is time efficient and helps store data for ERP systems. Review collected by and hosted on G2.com.
My client was happy with the outcome, no dislikes Review collected by and hosted on G2.com.
Source data intergration with Oracle and Non Oracle data bases. Customizable section for rules to compute tax on as per the Jurisdiction applicable. Application automates computation of Effective Tax rate and respective reports Review collected by and hosted on G2.com.
The application does not allow to addition of custom dimensions and there is no feature enabled to add custom rules to enable customized calculations. Review collected by and hosted on G2.com.
The efficiency of Good integration of data with the ERP and other financial systems.
Less time consumption on data reconcile
Transparency and audibility Review collected by and hosted on G2.com.
I dislike nothing in this software. Happy to go-ahead Review collected by and hosted on G2.com.