- Streamlining global compliance: PwC leverages Oracle Fusion Cloud to automate data consolidation and meet new reporting standards.
- Integrated tax and sustainability solutions: Services address OECD Pillar Two, CSRD, and CBAM requirements with tailored data strategies.
- Strategic advantage: Automation and analytics empower businesses to turn compliance into a competitive edge.
PwC has partnered with Oracle to launch new services that simplify data consolidation and reporting for multinational organizations facing complex compliance standards, including OECD Pillar Two, the Corporate Sustainability Reporting Directive (CSRD), and the Carbon Border Adjustment Mechanism (CBAM).
“Pillar Two, CSRD, and CBAM challenge enterprises to quickly adapt to a new way of reporting. Each of them requires complex operations that can only be simplified with automation,” said Kevin Sullivan, Oracle Alliance Practice Leader at PwC US.
Tackling Compliance Challenges
Starting in 2024, global businesses must digitize how they collect, track, and report data to meet emerging international regulations. PwC’s analysis highlights a critical gap: leaders often lack the high-quality data necessary for compliance and informed decision-making.
To bridge this gap, PwC offers tailored solutions integrated with Oracle Cloud:
- Pillar Two Data Solutions:
- Automated data collection from finance, HR, and sales systems.
- Tools to manage tax models and streamline the financial close process.
- Sustainability Reporting Services:
- Oracle Fusion Cloud Sustainability integration for CSRD and CBAM disclosures.
- Comprehensive analysis of sustainability data to enhance reporting and insights.
Related Article: PwC Launches New Blog Series Exploring ESG Technologies’ Impact on Businesses
“To prepare for new international regulations and tax requirements, organisations need comprehensive solutions that collect and analyse enterprise-wide data,” said Hari Sankar, Group Vice President, Product Management at Oracle.
Driving Value Through Innovation
PwC’s expertise combines Oracle’s advanced technology with in-depth consulting services, enabling businesses to centralize controls and improve decision-making while staying ahead of regulatory shifts.
“As the global regulatory landscape shifts, business leaders are seeking services to address compliance and market expectations,” said Patrick Pugh, Global Alliances Leader at PwC.
This partnership not only ensures compliance but also positions companies to leverage sustainability and tax reporting as a strategic advantage.
Takeaway
PwC and Oracle’s collaboration addresses the rising complexities of Pillar Two, CSRD, and CBAM compliance with automation-driven solutions. By transforming compliance into a streamlined process, businesses can unlock new value and strengthen their competitive edge.
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