The solution package allows your organisation to set the first and next steps in the Pillar 2 data gathering process.
The Advanced Pillar 2 solution facilitates two phases of the process:
(1) Research / GAP analysis
The first phase (data research) allows you to execute a data discovery process through the Workiva platform and provides you with an overview of where your data/documents are coming from, who is responsible and what the information looks like. Based on the outcome of this phase, you are able to see what areas need additional attention before starting with the Pillar 2 execution.
The final phase (execution) enables you to execute entity specific data collection packs which can be connected to already available source data and/or other solutions running on the Workiva platform (Tax reporting solution, CbCR and so on).
Furthermore, the entity information can be rolled-up into a total jurisdictional report. This report provides you with a clear overview of the data points completed per entity combined into a view for the MNE group.
Additionally, there is the GloBE information Return to which we can map the MNE Group data and can be used to inform the authorities.
- Perform GAP analysis in data availability for Pillar 2
- Gather data on entity level
- Consolidate data on jurisdiction level ready for first risk assessment
- Collect data points necessary for GloBE Information Return
The solution package allows your organisation to set the first and next steps in the Pillar 2 data gathering process. It will show you the gaps and provides you with a solid overview to start the in-depth analysis for the completeness of your Pillar 2 compliance.