Case Study: Verisk Analytics streamlines BEPS CbCR reporting with CSC Corptax

Verisk Analytics cuts CbCR prep time by 20-30% with CSC Corptax

Verisk Analytics faced a significant challenge with its disjointed and manual process for handling Base Erosion and Profit Shifting (BEPS) Country-by-Country Reporting (CbCR). The siloed process was handled by a single individual offline, consuming valuable time, increasing the risk of errors, and lacking transparency, which made reviews and audit responses difficult. Verisk turned to CSC Corptax for a solution to streamline this workflow.

By implementing the CSC Corptax BEPS CbCR module, Verisk integrated its reporting into a single database alongside its domestic and international compliance data. The vendor's Professional Services team helped document the process, introduce review analytics, and create reconciliation workflows. This solution enabled Verisk to complete its CbCR in 20-30% less time, achieve full process transparency, automate reconciliations, and better prepare for upcoming Global Minimum Tax requirements.

Verisk Analytics