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Oracle Tax Reporting Cloud description
Oracle Tax Reporting Cloud helps businesses streamline their tax processes, from preparation to reporting. This software automates calculations, improves accuracy, and offers better visibility into your tax data. It integrates with your existing financial systems for a smoother workflow and helps meet various reporting requirements, including country-by-country reporting. Oracle Tax Reporting Cloud is designed to help businesses improve efficiency and ensure tax compliance.
Who is Oracle Tax Reporting Cloud best for
Oracle Tax Reporting Cloud helps large enterprises automate tax processes, improving accuracy and efficiency. Users praise its automation and integration capabilities, while some find the initial implementation complex. Ideal for finance and banking businesses seeking streamlined tax reporting.
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Best fit for large enterprises (1000+ employees).
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Suitable for businesses focused on streamlining tax processes, particularly in finance and banking.
Oracle Tax Reporting Cloud features
| Supported Calculates tax provision from the legal entity level up to consolidated disclosure, addressing US GAAP and IFRS. |
| Supported Generates required XML files and documentation, streamlining reporting and ensuring compliance with local and international requirements. |
| Supported Imports data from tax compliance systems and allows enrichment via Oracle Smart View for Office, with prebuilt reports for review and analysis. |
| Supported Automates reports based on US GAAP and IFRS, including all related disclosures and supporting calculations. |
| Supported Automates data collection, calculation, and analysis with tax schedules, covering tax provision, compliance, R&D credit, and uncertain tax positions. |
| Supported Maintains a tax calendar with important dates and workflow for key tax processes, allowing users to view the tax close status. |
| Supported Streamlines the tax provision process by directly accessing financial data, ensuring calculations use the most current information. |
Oracle Tax Reporting Cloud reviews
We've summarised 25 Oracle Tax Reporting Cloud reviews (Oracle Tax Reporting Cloud G2 reviews) and summarised the main points below.
- Automates tax calculations and reporting, improving efficiency.
- Integrates with Oracle and non-Oracle databases.
- Provides access to historical data, reducing reliance on spreadsheets.
- User-friendly interface.
- Comprehensive, meeting various reporting requirements.
- Limited customization for adding custom dimensions and rules.
- Complex tax compounding and difficulty excluding withholding tax.
- Occasional lag and unsaved changes.
- Slow and tedious initial implementation process.
Oracle Tax Reporting Cloud alternatives
AvalaraBetter for small businesses and e-commerce. Handles sales tax compliance including calculations, filing, and remittance. Note that users mention slow customer support and unexpected price increases.Read more
FATCA & CRS Automation SoftwareSpecifically for FATCA and CRS compliance. Has more momentum in terms of employee growth.Read more
VertexBetter for companies with complex tax requirements, especially in e-commerce and software. Has slightly more momentum. A strong Oracle Tax Reporting Cloud competitor.Read more
SovosBetter for managing and filing sales tax, including multi-state returns. Serves a wider range of business sizes. Has slower momentum.Read more
SAP ConcurBetter for travel and expense management, including invoice approvals and spend visibility. A good Oracle Tax Reporting Cloud competitor for businesses of all sizes needing expense management.Read more
Process RunnerBetter for IT, manufacturing, and supply chain teams using SAP. Has grown faster than Oracle Tax Reporting Cloud. Users highlight its ease of use, especially for non-IT staff, and excellent customer support.Read more
Oracle Tax Reporting Cloud FAQ
What is Oracle Tax Reporting Cloud and what does Oracle Tax Reporting Cloud do?
Oracle Tax Reporting Cloud streamlines tax processes for businesses, from preparation to reporting. It automates calculations, enhances accuracy, and provides better visibility into tax data. The cloud-based software integrates with existing financial systems and supports various reporting requirements.
How does Oracle Tax Reporting Cloud integrate with other tools?
Oracle Tax Reporting Cloud integrates with existing financial systems, including both Oracle and non-Oracle databases, for a smoother workflow. It also allows for data export to Excel. However, users note the initial implementation process can be slow.
What the main competitors of Oracle Tax Reporting Cloud?
Top alternatives to Oracle Tax Reporting Cloud include Avalara, Vertex, Sovos, and LOVAT. These competitors offer similar tax automation, reporting, and compliance solutions, often catering to various business sizes and industries. They focus on streamlining tax processes and simplifying compliance with diverse regulations.
Is Oracle Tax Reporting Cloud legit?
Yes, Oracle Tax Reporting Cloud is a legitimate product from Oracle. It automates tax calculations and reporting, improving efficiency and accuracy for mid-to-large businesses. However, some users find the initial implementation complex and customization limited.
How much does Oracle Tax Reporting Cloud cost?
I couldn't find pricing details for Oracle Tax Reporting Cloud. Contact Oracle sales for product pricing or a customized quote based on your business needs.
Is Oracle Tax Reporting Cloud customer service good?
There is no customer service information available for Oracle Tax Reporting Cloud. However, user reviews mention a slow and tedious initial implementation process.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.