Orbitax

TL;DR

What it is: A comprehensive software platform that unifies international tax research, compliance, reporting, and workflow automation.
Primary Benefit: Simplifies the complexity of global tax obligations, reduces risk, and enhances efficiency for multinational organizations.
Ideal User: Tax, Finance, and IT leaders at multinational corporations and large advisory firms.

What is Orbitax

Orbitax is an AI-driven International Tax Platform designed to help multinational corporations and advisory firms manage the complexities of global tax compliance. It acts as a centralized hub for tax research, planning, reporting, and workflow automation, addressing the core problem of fragmented, manual, and risk-prone international tax processes. By integrating data, providing real-time legal updates, and leveraging AI tools like its XatBot assistant, Orbitax enables tax teams to ensure compliance with evolving regulations such as BEPS Pillar Two, CbC reporting, and manage global deadlines and audits more effectively.

Key Features

XatBot AI Tax Assistant: An integrated AI assistant that provides answers to complex international tax questions, accelerating research and decision-making.
Global Minimum Tax (Pillar 2) Module: Offers specialized tools for planning, reporting, and ensuring compliance with the OECD's complex Pillar 2 regulations.
Due Date Tracker: A comprehensive compliance management tool that tracks global tax deadlines to mitigate the risk of late filings and penalties.
Entity Tracker & Designer: Tools to centrally manage and visualize your organization's legal entity data, simplifying structure management and intercompany transactions.
Orbitax E.A.T. & Connect: A patented workflow technology that automates tax processes and integrates directly with external ERP and finance systems via secure APIs.
Change Reports Tracker: Delivers daily updates on tax law changes worldwide, ensuring your compliance strategy is always based on the latest information.

Who is Orbitax for?

Corporate Tax Departments: In-house tax professionals at multinational corporations responsible for global tax strategy and compliance.
Chief Financial Officers (CFOs): Finance leaders seeking to reduce compliance costs, improve financial forecasting, and gain visibility into global tax obligations.
Chief Technology Officers (CTOs): IT leaders looking to integrate tax systems, automate workflows, and ensure data security within their tech stack.
International Tax Managers: Specialists focused on managing cross-border tax risks, including transfer pricing, CbC reporting, and withholding tax.
Large Accounting and Advisory Firms: Firms that provide international tax compliance and advisory services to multiple clients.

Key Use Cases & Applications

Managing BEPS Pillar Two Compliance: Automating data collection, calculations, and reporting for the Global Minimum Tax.
Streamlining Country-by-Country (CbC) Reporting: Centralizing data and automating the generation of CbC reports to meet global requirements.
Automating Tax Workflow Integrations: Connecting tax processes directly to ERP systems like SAP or Oracle to eliminate manual data entry.
Tracking and Responding to Global Tax Law Changes: Using the Change Reports Tracker to proactively adjust tax strategies in response to new legislation.
Centralizing Global Audit Management: Using the Audit Tracker to monitor and manage tax controversies and audits across all jurisdictions.

Pros

Comprehensive, All-in-One Platform: Unifies dozens of disparate tax functions like research, compliance tracking, and reporting into a single system.
Extensive System Integration: Offers over 100 out-of-the-box connections to major ERP and enterprise systems, including SAP, Oracle, and Workday.
AI-Powered Research Capabilities: The XatBot assistant provides a significant advantage for quickly resolving complex tax queries.
Real-Time Global Coverage: Delivers daily updates on international tax law changes, which is critical for maintaining compliance.
High-Level Security & Compliance: Adheres to SOC 1, SOC 2, and GDPR standards, ensuring data is handled securely.

Cons

Opaque Pricing Model: The complete absence of public pricing information requires scheduling a demo, creating a barrier for evaluation and comparison.
Potential for Overwhelming Complexity: The platform's vast scope and numerous modules may present a steep learning curve for teams without dedicated implementation support.
Primarily for Large Enterprises: The solution appears heavily geared towards large, complex multinational corporations, potentially making it less accessible or cost-effective for smaller businesses with international operations.

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

What is Orbitax and who is it for?

Orbitax is a comprehensive, AI-driven international tax platform for multinational corporations and advisory firms. It unifies tax research, compliance, reporting, and workflow automation to simplify global tax management for tax, finance, and IT leaders.

Does Orbitax integrate with existing ERP systems?

Yes, Orbitax offers over 100 out-of-the-box integrations with major enterprise systems, including SAP, Oracle, Workday, Salesforce, and Microsoft, allowing for seamless workflow automation and data connection.

How does the XatBot AI Tax Assistant work?

XatBot is an AI-powered assistant integrated into the Orbitax platform. It is designed to answer complex international tax questions, helping tax professionals quickly find information and accelerate their research process.

Is Orbitax suitable for a company just starting its international expansion?

Orbitax is primarily designed for large, complex multinational organizations. While its tools could be beneficial, the platform's extensive scope and enterprise focus may be more than a smaller, newly expanding company requires.

How does Orbitax ensure the security of sensitive financial data?

Orbitax adheres to high security standards, including SOC 1 and SOC 2 certifications, and is GDPR compliant. This ensures that client data is managed within a secure and controlled environment.

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