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What is Pillar Two?
Streamlining Data for Pillar Two Compliance
Data is the backbone for Pillar Two compliance, but accessing and aligning with it is often challenging. Key data may be missing or scattered across systems. Bringing this data together is important for forecasting, modeling, and staying compliant.
Unlock the Power of Your Data
The good news is that some of the data is available in the Workday suite of Workday Human Capital Management and Workday Financial Management. Combining Workday’s innovative technology and PwC’s deep knowledge and experience can help you stay compliant, reduce risks, and focus on what matters—growing your business.
Here’s how it's done:
Gather
Collect and connect data for Pillar Two and for compliance across tax provisions, corporate income tax and financial statements from the Workday suite of Workday HCM and Workday Financial Management.
WORKDAY
OTHER
Workday Financial
Management
Workday HCM
Workday Adaptative
Planning
Tax workbooks
Subledgers
Legal entity
management
Transform
Standardize, organize and enhance data using a common model – like Workday Extend and Workday Prism Analytics.
MAPPING
WORKDAY EXTEND +
WORKDAY PRISM ANALYTICS
Common Data Model
ADJUSTMENTS
QUESTIONNAIRE
OUTPUT
Catalog
Leverage the organized data from Workday systems and PwC’s Pillar Two Data Input Catalog to map and define downstream calculations and compliance obligations.
PwC’s Data Input Catalog
Calculate
Calculate the impact of Pillar Two and its inconsistent and unique adoption around the world – including provisioning, compliance and modeling – with the Pillar Two Engine.
PwC’s Piller 2 Engine
Activate
Integrate outputs into existing systems for benefits beyond compliance reporting like more accurate forecasting and modeling – all with reduced manual effort.
INSIGHTS
Experience
Ready to deliver customized insights, analytics, reports and compliance-ready results? Learn more about how PwC and Workday can enable lasting success in meeting your tax compliance obligations.