Oracle ARCS Expert | Oracle TRCS Expert

Streamlining Tax Processes with Oracle

Tax Technology Expert

Local jurisdiction expertise

IFRS and US GAAP

Proven success track record

Streamlining Tax Processes with Oracle

Oracle Tax Reporting Cloud Service (TRCS) is a comprehensive software solution that helps businesses streamline and automate their account reconciliation process.

Benefits of Implementing Oracle Tax Reporting:

Increased efficiency with automated processes, to reduce manual work and time spent on tax reporting.
Improved accuracy with automated calculations and data validation, to minimize errors.
Reduced risk due to compliance features which help mitigate tax risks.
Enhanced collaboration and centralized data and workflow management to facilitate teamwork.
Better decision-making and insights from comprehensive reporting, to support strategic tax planning.
Greater transparency with improved data visibility and audit trails, which enhance transparency.

Why contact us?

20+ years of expertise in both European and US based tax jurisdictions

Operational transfer pricing expertise

Tax technology expert with successfull previous implementations

Accountant consolidating financial statements manually

Revolutionizing Ownership Management in Oracle FCCS with the New "Organization by Period" Engine

by Nadia Lodroman • 30 March 2025

Oracle FCCS has introduced a new "organisation by period" ownership engine, a significant enhancement allowing for more accurate and flexible financial consolidation. This updated feature addresses the limitations of previous versions by enabling users to define ownership percentages that can change within a reporting period, rather than only at the period's start. The sources highlight benefits such as increased accuracy, improved flexibility in handling mid-period ownership changes like acquisitions and divestitures, and enhanced auditability. Ultimately, this development streamlines the management of complex ownership structures, leading to more reliable financial reporting and analysis for FCCS customers.