Case overview
The biggest company in indonesia lets call it PT ABC one of giant in the oil and gas industry. As a prominent player in the sector, ABC faced the common challenge of managing vast volumes of Tax data generated from Transaction activity. and all this tax is in many different form, like PPH badan, PPH 21, PPH 22 and all of this data is scattered across many files and systems
Involvement
The Brief
The Goal is to boost efficiency, innovation, and visibility. PT ABC recognized the potential of big data analytics to revolutionize their operations and Partner with PT Xquisite to harness the power of data to optimize their processes, enhance decision-making, and drive business growth.
One of ABC’s key focus areas was tax compliance—a complex and critical aspect of their business operations. Traditionally, tax reporting in the oil and gas industry involved labor-intensive manual processes, making it prone to errors, delays, and compliance risks.
Our Approach
We start with the implementation of big data analytics, we work with PT ABC in transforming their tax reporting practices. we integrated data from various sources, including Stream Revenue, production records, financial transactions, and regulatory filings, into a centralized data lake.
Using advanced analytics techniques, ABC gained real-time insights into their tax liabilities, deductions, credits, and compliance status. They leveraged predictive modeling to forecast tax obligations accurately and identify potential tax-saving opportunities.
The Results
The benefits of PT ABC’s big data tax initiative were far-reaching. They experienced significant cost savings through reduced manual effort, improved accuracy in tax calculations, and optimized tax planning strategies. Higher Visibility with Power BI dashboard and making decision making easier for Executive level.
Moreover, PT ABC enhanced their regulatory compliance posture, minimizing the risk of audits, penalties, and reputational damage. By staying ahead of regulatory changes and market trends, they positioned themselves as a trusted and compliant player in the industry.
