High Tech
Advanced Analytics
Tax Datamart Finance 360 for World’s Largest Domain Registrar
- Powers world’s largest services platform for entrepreneurs globally, serving 21M+ customers with 84M+ domain names
- $3.8B in revenue
Business Need
- Reduce risk of FCC and global audit fines
- Meet reporting timelines across municipalities (≦24 hours)
- A single source for all tax data
- Automated flow of data for compliance reporting
- Timely fulfillment of audit requirements
- Self-service functions for tax team to access tax data required for compliance and audits
Challenge
- 28 tax platforms, comprised of 52 legal entities in 53 different countries
- No mechanism for 360° view of enterprise-wide tax numbers
- Manual entries and calculations across systems
- Tax team lacks access to all systems – rely on system owners to pull data
- Multiple audit fines per year due to delayed answer availability
- Lack line-item level detail from invoices for audits
- Lack analytics platform for insights
Solution & Results
- Consolidated a platform for worldwide tax data across 52+ entities to a single, accurate 360° view
- Days to minutes reduction in self-service insights and analytics functionality
- 40% productivity improvement via automated processes, entries, and calculations
- 2X faster onboarding, integration, and data ingestion
- 75% reduction in month-end reporting efforts
- 95% reduction in data validation errors
- ~45% reduction in audit fine exposure + eliminated costly fines ($750K+)