tax analytics as a service at adidas - qlik · the adidas tax department had specific challenges...
TRANSCRIPT
Tax Analytics as a Service at adidasLeveraging data analytics to reach peak performance in tax
Deloitte 2019 2
1. Introduction to adidas
2. Challenges for the tax department at adidas
3. Tax Analytics as a Service Solution – Live Demo
4. Evolution of digital tax
5. Q&A
Agenda
CORE BELIEF
THROUGH SPORT
WE HAVE THE POWER
TO CHANGE LIVES
TO BE THEBEST SPORTS COMPANYIN THE WORLD
MISSION
CORE BELIEF
CREATING THE NEW IS OUR STRATEGY
4
TOP LINE &MARKET SHARE GROWTH
BRAND DESIRE
OP
EN
SO
UR
CE
CU
LT
UR
E
GROSS MARGIN EXPANSION
OPERATING LEVERAGE
5
57.000PEOPLE
160COUNTRIES
+900MPRODUCTS
€ 21.9B NET SALES
All numbers relate to the year 2018.
Deloitte 2019 6
The adidas tax department had specific challenges regarding indirect tax compliance, which wasseen as time-consuming and costly without being able to provide an appropriate audit trail.
Challenges for the tax department at adidas
Desired Solution
Centralized, standardizedand automated softwaresolutions for dataanalytics and taxcompliance.
Manual & Time-Consuming Process
Significant time investment for data processing, review and analysis
Data Gathering & Extraction
Data from multiple sources or systems and outside of the control for the person
responsible
Decentralization
Download of large SAP reports Manual processing in Excel spreadsheets by
different teams and with different methods
No Audit Trail
Isolated analytics with no approved audit trail
Deloitte 2019 7
Due to its scalability, its user friendliness and high degree of customization, Qlik was chosen todevelop a tax analytics solution with the power to keep up with the demands of the future.
Qlik as our partner of first choice to develop a powerful solution at adidas
Positive past experience with Qlik
High user friendliness
High degree of customization
Highly scalable through cloud usage
Deloitte 2019 8
DEMO
Tax Analytics as a Service
Deloitte 2019 9
Extremely high level of automation and light-weight processes ensure a “Ready to use”
end-to-end solution
High Level Architecture
Data Sources Data Processing Access
SAP
adidas VAT
registrations
Automated
data extraction
SAP reports
DART extracts
Analytics
Compliance
adidas VAT
Control &
Analytics Team
Deloitte Cloud
Infrastructure
adidas VAT
Operations Team
~ 40 GB data
volume per month
Deloitte 2019 10
Project Challenges
• Solutions have to be aligned with IT processes
• Change management required
• In-house resources not fully available
Benefits and Added Value
• More time for activities with greater value-add
• Improved quality of analysis and reduced risk of errors
• Holistic overview and full transparency of analytical content
• Reduction of the tax department’s reliance on the IT function
Become better prepared for the future
During the project phase we initially feared challenges but quickly discovered the great extent of added value and generated benefits.
Lessons learned
Key Success Factors
• Proof of concept and agile development
• Combination of tax and analytics expertise
• Senior management support
• Organizational changes to ensure enough resources
• Change of the employees’ mindset
Deloitte 2019 11
Countries worldwide are adopting new ways of collecting tax data
Digital Tax is growing fast
Source: Deloitte Belgium
In an environment of growing data volumes and tax-relevant transactional data being delivered in more
and more countries in real time, tax departments need professional "data analytics solutions"
for future-oriented decisions.
Legal Initiatives e.g. Country-By-Country
Reporting (Global)• OECD Countries
Electronic Disclosure of VAT Ledgers• Poland
• Czech Republic
Electronic Audits and SAF-T• Norway
• Lithuania (iSAP)
• Germany (GDPdU)
• Poland (JPK)
• France (FEC)
• Luxembourg (FAIA)
• …
Modernization of Tax Authorities and Audit
Procedures• UK (Making Tax Digital)
Digital Tax Policy• VAT Rules in Digital Economy
• E-Commerce and MOSS
Cross-Border Collaboration, Information
Sharing and Joint Audits
Legal Disclosure and Approval• Netherlands (Horizontal Monitoring)
• UK (SAO)
Electronic Invoice Disclosure and Required
Invoicing
• Belgium (B2G), France (B2G)
• Italy (B2B)
• Spain (SII)
• Brazil (SPED)
• China (Golden Tax System)
• …
Deloitte 2019 12
The current trends leading to tomorrow’s tax world require a strong collaboration of tax, analytics and visualization. Deloitte & Qlik provide a powerful solution to address the upcoming challenges.
Tomorrow’s tax world is going to be very different from today’s
Tax Analytics
Solution with
Global standard
Automation
Integration of tax in foregoing processes
“Ready to use”
end-to-end Solution
Need for…
Do you want to be prepared for the future…?
Deloitte 2019 13
Thank you! Please reach out to us if you have any further questions.
Moritz SchiederVisual Analytics Practice Lead EMEA
Konrad MattheisQlik Core Hero & Luminary
Martin NonnenmacherPartner, Technology Consulting
Andreas KowallikPartner, Head of Tax Management Consulting
Tax Analytics
as a ServiceMarc HollaDirector GBS – Indirect Tax