The two companies have combined technological skills and expertise for the development of an application solution for the calculation of direct taxes and the management of the consolidated financial statements.
Talentia Software, a leading company in the development of human and financial resources management solutions for medium and large-sized companies, e Abstract, partners for innovation and strategic IT consultancy for companies, have signed a partnership for the development of a solution useful for the management and calculation of taxes that extends the functionality of the CPM Talentia platform.
Talentia Corporate Performance Management is a financial reporting platform that also carries out business analysis, the budgeting process, forecasting, consolidation and closing, making information more reliable and improving companies' decision-making processes. Abstract, on the other hand, offers consultancy to companies to better manage moments of IT optimization, growth and innovation, through data governance, process review and exploitation of new technologies. The meeting, between the excellent technological skills of Talentia and the consultancy expertise of Abstract, allowed the development of the module Tax Determinator for the calculation of taxes downstream of the entire corporate budget process, allowing the extension of the entire range of offers on the market.
Among the main functions that characterize the Tax Determinator solution, the automatic import of accounting data from any source stands out, using modules drawn up according to the principles of the IV EEC Directive for the management of IRES and IRAP (regional) rates by period/company. The centralized management of tax parameters is also valid to percentageize the desired tax items broken down by period/company for the automatic calculation of increases and decreases, with determination of IRES and IRAP debit/credit taxes.
Among the advantages ensured by the add-on with the Talentia CPM platform we highlight: the easy integration with ERP or other sources (trial balance, P&L, information on company assets), the automatic management of the various GAAPs (Italy, IFRS), the centralized monitoring of activities, the flexibility and speed of the platform in collecting data from the various organizational units, the flexible and above all scalable calculation engine, the reporting (customized dashboards for monitoring indicators and KPIs) with "Advanced" functionality. Analytics” and automated workflow management, which allows real-time monitoring of activities and the complete digitalisation of supporting documentation.
The module is available in two versions. As starter kit with a standard configuration that covers the entire process without further intervention or how customizable solution based on the customer's needs, thus fully exploiting the potential offered by the Talentia platform. The solution guarantees integration between the finance and tax modules, both from an application point of view and data reconciliation.
“The meeting with Abstract and its excellent expertise in the tax determination field allowed us to extend the benefits and functionalities offered by the Talentia CPM platform and to further expand our range of offers, allowing our client companies to minimize the risk of operational errors, guaranteeing compliance with compliance and eliminating the risk of misinterpretation of the legislation”, underlines Marco Bossi, Managing Director of Talentia Software.
"We are happy with this important collaboration with Talentia Software which allows us to provide a simple and complete, flexible and low-cost solution, with an offer particularly aimed at small and medium-sized businesses. Its use can take place both on-premise and as a cloud service and organizations will be able to improve the analysis phases, achieving greater awareness in their decisions", he explains Silvia Ronchi, CEO of Abstract.
