High Tech

Advanced Analytics

Tax Datamart Finance 360 for World’s Largest Domain Registrar

  • 20M+ customers
  • 80M+ domains
  • Powers the world’s largest cloud platform dedicated to small, independent ventures

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 tax data across 52+ legal entities to a single 360° view
  • Enabled access to accurate, real-time insights
  • Automated processes, entries, and calculations, delivering increased accuracy
  • 66% reduction in month-end reporting efforts
  • Eliminated costly fines ($750K+), automating and centralizing worldwide tax data