Oracle has debuted a new cloud-based solution to help companies operating in multiple countries meet tax requirements.

The tool, called Oracle Tax Reporting Cloud Service (TCRS), is an out-of-the-box cloud solution to help organizations automate their tax provision and country-by-country reporting. Built on best practices from Oracle’s on-premise solution Hyperion Tax Provision, TCRS is designed to streamline tax reporting processes, including data collection, workflow, data automation, and pre-built KPIs for audit flags.

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