{"id":678,"date":"2020-08-25T07:38:39","date_gmt":"2020-08-25T07:38:39","guid":{"rendered":"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum"},"modified":"2020-09-11T12:08:34","modified_gmt":"2020-09-11T12:08:34","slug":"mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum","title":{"rendered":"MNC captive centre in India automates 400+ tax returns globally and saves $127K per annum"},"content":{"rendered":"\n<p>The requirement of this US multinational company with a global turnover of almost $4 billion, was to adopt technology that would create a seamless filing process for its captive centre in India that supports all the indirect tax returns filing across the globe.<\/p>\n\n\n\n<p>But their goal was also to achieve:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>reduced costs and improved efficiencies<\/li><li>a greater control over data sharing and security<\/li><li>a reduced dependency on external consultants.<\/li><\/ul>\n\n\n\n<p>And the result? All of the above and more:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>$127K annual recurring saving;<\/li><li>securing&nbsp;data in sharing arrangements with external consultants, while reducing their fees from an average of $750 to $200 per return and their hours by half<\/li><li>slashing both the hours of the MNC\u2019s internal resources per return by 60% and their FTE resources by two thirds,<\/li><\/ul>\n\n\n\n<p>while allowing their staff to work on data securely from home, a welcome surprise from their pre-pandemic implementation.<\/p>\n\n\n\n<p>Find out how!<\/p>\n\n\n<p><a href=\"https:\/\/insight.thomsonreuters.in\/business\/wp-content\/blogs.dir\/4\/files\/sites\/30\/2020\/09\/OITC-case-study_19Aug20.pdf?utm_source=insights\" class=\"btn btn-lg btn-primary\">Download the Case Study now<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.thomsonreuters.in\/en\/products-services\/tax-accounting.html?utm_source=organic&amp;utm_medium=insights&amp;utm_campaign=india\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"140\" src=\"https:\/\/insight.thomsonreuters.in\/business\/wp-content\/blogs.dir\/4\/files\/sites\/30\/2020\/09\/Insights-CTA-banners.png\" alt=\"\" class=\"wp-image-686\" srcset=\"https:\/\/insight.thomsonreuters.in\/business\/wp-content\/blogs.dir\/4\/files\/sites\/30\/2020\/09\/Insights-CTA-banners.png 700w, https:\/\/insight.thomsonreuters.in\/business\/wp-content\/blogs.dir\/4\/files\/sites\/30\/2020\/09\/Insights-CTA-banners-300x60.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This US multinational company with a global<br \/>\nturnover of almost $4 billion, distributes products<br \/>\nacross the US, Europe and APAC. Their requirement was to adopt technology that would<br \/>\ncreate a seamless filing process for their 400+ returns.<\/p>\n","protected":false},"author":107,"featured_media":679,"template":"","categories":[697,687,659,681,660,689],"tags":[831,832,833,834,835,836],"resource_type":[578],"insight_job_role":[781,715,783,784,726,837,777],"insight_practice_area":[],"class_list":["entry","author-corpadmin","has-excerpt","post-678","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-compliance","category-global-reporting-compliance","category-global-tax-reporting","category-global-trade-supply-chains","category-governance-risk-compliance","category-indirect-tax","tag-external-consultants","tag-ftes","tag-india","tag-indirect-tax-compliance","tag-mnc","tag-us-based","resource_type-case-study","insight_job_role-chief-tax-officer","insight_job_role-compliance-risk-manager","insight_job_role-head-of-international-tax","insight_job_role-head-of-tax","insight_job_role-logistics-customs-manager","insight_job_role-tax-manager-director","insight_job_role-trade-manager","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MNC captive centre in India automates 400+ tax returns globally and saves $127K per annum - TR - Business Insight India<\/title>\n<meta name=\"description\" content=\"This US multinational company with a global turnover of almost $4 billion, distributes products across the US, Europe and APAC. Their requirement was to adopt technology that would create a seamless filing process for their 400+ returns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNC captive centre in India automates 400+ tax returns globally and saves $127K per annum - TR - Business Insight India\" \/>\n<meta property=\"og:description\" content=\"This US multinational company with a global turnover of almost $4 billion, distributes products across the US, Europe and APAC. Their requirement was to adopt technology that would create a seamless filing process for their 400+ returns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum\" \/>\n<meta property=\"og:site_name\" content=\"TR - Business Insight India\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-11T12:08:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.in\/business\/wp-content\/blogs.dir\/4\/files\/sites\/30\/2020\/09\/OITC-case-study-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"864\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum\",\"url\":\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum\",\"name\":\"MNC captive centre in India automates 400+ tax returns globally and saves $127K per annum - TR - Business Insight India\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.in\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/mnc-captive-centre-in-india-automates-400-tax-returns-globally-and-saves-127k-per-annum#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.in\/business\/wp-content\/blogs.dir\/4\/files\/sites\/30\/2020\/09\/OITC-case-study-scaled.jpg\",\"datePublished\":\"2020-08-25T07:38:39+00:00\",\"dateModified\":\"2020-09-11T12:08:34+00:00\",\"description\":\"This US multinational company with a global turnover of almost $4 billion, distributes products across the US, Europe and APAC. 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