3 Pillars of Modern Tax Lifecycle

Operational Transfer Pricing

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Tax Provision & Reporting

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Global Minimum Tax (GMT)

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1. Operational Transfer Pricing (OTP)

From Retrospective to Real-Time

Transfer pricing remains one of the most complex hurdles in international taxation. While the Arm’s Length Principle sounds simple in theory, maintaining identical pricing between related entities and independent companies is an immense operational challenge. Tax authorities increasingly target “profit shifting,” making accuracy a global compliance issue.

2. Tax Provision & Reporting

Certainty in an Uncertain World

Tax provisioning is more than just “saving on taxes”; it is a vital accounting function that recognizes future liabilities today. For multinational groups operating across multiple jurisdictions with conflicting rules, this creates significant financial uncertainty.

3. Global Minimum Tax (BEPS Pillar Two)

Navigating the New Frontier

The introduction of the Global Minimum Tax marks the biggest shift in international tax in decades. For groups with revenues exceeding €750 million, a 15% minimum effective tax rate is now a global reality.

Transform Your Tax Function Today

Don’t let fragmented data and manual adjustments slow your business down. Contact us to discover how our expertise and the CCH Tagetik platform can integrate your tax and finance processes for a more resilient, data-driven future.

Technologies

Wolters Kluwer

CCH® Tagetik by Wolters Kluwer has set a benchmark for excellence, being named a Leader in the 2026 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions.

More about the reviews and awards

The post Corpo Tax appeared first on crmt.com.

Why Partner with CRMT?

The banking sector requires niche expertise and proven methodologies. Our approach is built on three core pillars:

• Deep Banking Domain Expertise: We understand the intricacies of regulatory mandates, analytical architecture, and DG compliance requirements.
• Pragmatic Approach: We start with your current state, focusing on delivering measurable results and defensible actions rather than just theory.
• Technology Neutrality: We provide independent evaluations to help you select tools that best fit your specific needs and target architecture.

Our Key Services for Banking Sector

1. BCBS-239 Compliance Advisory

Adherence to the 14 principles of BCBS-239 is vital for effective risk data aggregation and risk reporting.

Our services include:

• Compliance Assessment: A thorough review of all 14 principles to identify your current standing.
• Control Framework: Defining key controls across the entire data lifecycle (ingestion, transformation, reporting) and testing their effectiveness.
• DQ Metrics & Audit Support: Defining Data Quality metrics and providing hands-on support for addressing audit findings by preparing evidence-based remediation trails.
• Objective: Achieving structured, demonstrable compliance (Principles – Controls – Evidence) and significant risk reduction.

2. Strategy Assessment & GAP Analysis

Before implementing improvements, it is essential to understand the “as-is” state. Our team performs:

• Policy Analysis: Reviewing existing DG strategies, standards, and procedures for feasibility and clear accountability.
• Maturity Assessment: Evaluating the current maturity level of Data Governance within your organisation.
• Risk Identification: Pinpointing process gaps and identifying key risks relative to regulatory expectations.
• Roadmap: Developing a prioritised action plan to close gaps with a clear focus on operationalising requirements into daily business routines.

3. Establishing and Strengthening the DG Framework

Za dolgoročno uspešno upravljanje podatkov vzpostavimo procese, ki zagotavljajo preglednost in kontrolo:

• Roles & Responsibilities: Defining and implementing a formal Data Ownership model.
• Critical Data Elements (CDE): Establishing a repository for CDEs to streamline reporting and oversight.
• Business Glossary: Introducing a unified business glossary to align terminology and create a shared understanding of data across business and technical teams.
• Data Catalog: Implementing a centralised repository and inventory of metadata to improve transparency, simplify information discovery, and support easier access to relevant data assets.
• Data Lineage: Providing full end-to-end visibility into data flows and transformations, from source systems to final reports, to strengthen trust, traceability, and control.
• Data Quality: Setting up a comprehensive Data Quality framework, including defined rules, KPIs, and escalation paths, to enable continuous monitoring and improvement of data quality.

4. Support for DG Tool Implementation

Technical installation is only a small part of the success; the focus must be on process integration. We provide:

• Tool Selection: Independent evaluation of tools for cataloguing, DQ, and lineage based on your architectural requirements.
• Architecture & Integration: Defining the target data architecture and integration models with existing systems.
• Pilot Phase & Knowledge Transfer: Leading configuration and pilot runs while ensuring your internal team is fully trained.
• Foundations for Modern Tech: Building a clean data foundation to enable the safe and effective deployment of AI Agents within banking processes.

Operational Excellence in Practice: A Comprehensive Data Transfer Process for Banks

CRMT’s methodology for complex data transfer projects, including transfers to parent banks, is based on a proven seven-phase process that ensures operational reliability and full traceability:

• Phase 1: Setting up development environments, conducting user workshops, and preparing a detailed architectural specification.
• Phase 2 (Execution): Establishing a robust ETL framework using tools such as DBT, Qlik Talend, or Apache Hop, and registering database objects in platforms such as Postgres. To ensure transparency, we also incorporate solutions such as OpenMetadata, enabling the automated setup of a data catalog and Data Quality procedures.
• Phases 3 to 5: Rigorous testing and documentation. We ensure quality through integration testing and test exports. The process is completed with comprehensive technical and user documentation, both of which are essential for successful audit reviews.
• Phases 6 to 7: Production deployment and knowledge transfer. We ensure a secure transition of the solution into the production environment. At the end of the project, we provide knowledge transfer to your employees and deliver post-production support, helping ensure long-term independence and system stability.

Looking to strengthen your data oversight and ensure full compliance? Contact us for expert consultancy tailored to your bank’s unique challenges.

The post Comprehensive Data Governance in Banking: A Path to Regulatory Compliance and Operational Excellence appeared first on crmt.com.

Modern Controlling as a Strategic Partner to Management

Executive teams today face the challenge of balancing growth, costs, sustainability commitments, and rising business complexity. Traditional controlling, focused mainly on reporting and cost oversight, can no longer support this burden. Next-generation controlling aligns strategic and operational goals, enables agile decision-making, and provides the transparency required for sustainable growth.

Where Are You Today and Where Do You Want to Go?

Every company practices controlling in some form. The real question is whether your controlling function acts as a genuine partner to management or merely as a financial support role.

Five Levels of Effectiveness as a Path to Competitive Advantage

The most successful companies in the region have built their growth on the systematic development of controlling. The ICV model clearly outlines this progression:

Trends You Cannot Ignore

Executive teams now expect controlling to answer critical questions:

• How do we prepare for uncertainty through scenario planning and agile planning?
• How do we embed sustainability (ESG) into the business model and measure it with the same rigour as financial goals?
• How can we use artificial intelligence and real-time data to gain an edge?
• How do we transform reporting from an administrative task into a strategic activity?

These questions are at the heart of Controlling 4.0, a shift that leadership can no longer overlook.

The Evolving Role of Controllers – Partners to Executive Leadership

For a CEO, CFO, or CCO, it is vital to have people who not only report on results but also help shape the future. Modern controllers are:

Analysts

who turn vast amounts of data into meaningful insights.

Moderators

who align departmental goals and prevent conflicts of interest.

Strategic Partners

who connect business ambitions with financial reality.

Mentors

who support leadership with integrity, clarity, and long-term perspective.

For the company, this means faster and better decisions, fewer risks, and a stronger ability to transform.

Looking Ahead

In a rapidly changing business landscape, controlling is evolving into a dynamic navigation system for the enterprise. Its role is no longer limited to tracking results. It actively manages uncertainty, supports scenario simulations, and guides strategic decision-making.

Controlling no longer answers only “How much did we earn?” but increasingly:
“How do we want to operate as a company, what impact do we want to have, and how will we support that vision long term?”

For more information or to arrange a live presentation, get in touch with us.

The post Modern Trends in Controlling appeared first on crmt.com.

The Essence of Controlling

The concept of “controlling” was introduced to Europe in the 1970s by Albrecht Deyhle, who defined it not merely as a function but as a collaborative relationship between management and controllers. Today, controlling is recognised as a leadership function that supports organisations in setting goals, planning, and steering activities to achieve them.

Controlling ensures that managers have timely, accurate insights for better decision-making. It is not only about tracking costs but about building a goal-oriented management system.

The Role of the Controller

In practice, it is common to see individual departments meeting their own narrow objectives, while the organisation as a whole fails to achieve the expected outcomes. Without a structured controlling function, departmental goals often work against each other, resulting in inefficiencies and limited organisational impact. This is why controlling is essential. It acts as a mechanism that links corporate strategy with day to day operations and ensures that the company remains aligned to shared financial and non-financial objectives.

Why Controlling Is Essential

In many organisations, departments successfully reach their internal targets, yet the broader organisation underperforms. When controlling is not embedded as a systematic practice, departmental objectives cancel each other out and hinder overall progress. Controlling therefore plays a critical role in connecting strategic priorities with operational execution and safeguarding that the organisation consistently works toward its common goals, both financial and non financial.

Models and Processes in Controlling

The internationally recognised IGC Controlling Process Model illustrates how controlling is structured within an organisation. It distinguishes three main process groups:

• Core controlling processes: planning and forecasting, cost and investment control, monthly reporting, and business partnering.
• Main controlling processes: strategic controlling, project controlling, risk management, and data management.
• Functional controlling processes: tailored to specific business areas (e.g., procurement, production, sales controlling).

All processes follow the Deming Cycle (PDCA): Plan – Do – Check – Act. This continuous improvement approach lies at the heart of controlling.

Modern Trends – Controlling 4.0

Controlling evolves alongside business transformation. Key trends outlined by IGC and ICV include:

• Transition from fixed forecasts to agile planning
• Integration of sustainability and ESG factors
• Decentralised decision-making supported by real-time data
• Automated reporting and “information factories”
• New controller competencies—from analytics to strategic facilitation

New Competencies of the Modern Controller

Today’s controller is no longer just a numbers analyst but a business partner and change facilitator. Beyond financial expertise, controllers need interdisciplinary skills that reflect digital transformation and the fast-changing business environment.

Key competencies include:

• Analytical skills: identifying key insights from large data sets and transforming them into actionable knowledge.
• Communication and coordination: connecting people, translating complex information, and facilitating dialogue across departments.
• Business acumen: understanding value chains and the impact of decisions on overall performance.
• Integrity: maintaining trust, ethics, and transparency in supporting management decisions.
• Adaptability: embracing new methods, technologies, and agile ways of working.

The controller of the future is a data scientist, innovator, and change agent in one—helping organisations balance structure with innovation and flexibility. Equipped with tools like AI-driven forecasting, process automation, and scenario analysis, controlling becomes a true driver of business transformation and sustainable growth.

Learn more about modern controlling.

Our Philosophy

At CRMT, we view controlling as the core of corporate management. Our approach is built on three pillars:

Controlling goes beyond numbers. It defines how a company operates, the impact it creates, and how it sustains success in the long run. For more information on modernising your controlling function, contact us.

The post What is Controlling? appeared first on crmt.com.

Why is the modernisation of controlling critical for business success?

Today’s business environment is defined by data, complexity and constant change. Without a structured controlling function, companies may have large amounts of information, yet lack the clarity needed for timely and reliable decision-making. This is why implementing and modernising controlling is essential. It establishes a system that directly links corporate strategy with operational execution and provides leadership with the visibility required to steer the organisation effectively.

Our Approach

At CRMT, we combine more than 20 years of experience in advisory, integration, and controlling implementation across organisations of different sizes and industries. Our approach is comprehensive:

• assessment of the current state
• formation of the project team
• definition of the target state
• gap analysis
• prioritisation
• implementation roadmap
• pilot execution
• full-scale rollout
• training and communication
• monitoring and evaluation
• continuous improvement

Our Services Include

• Data Integration: We ensure consistent, reliable data sources and eliminate silos, providing leadership with one version of the truth.
• Implementation of Advanced Solutions: We introduce CPM (Corporate Performance Management) and Business Intelligence (BI) platforms that support planning, forecasting, and advanced analytics.
• Empowering Business Partners: Through training and coaching, we strengthen controllers’ roles as strategic partners to management.
• Flexible Engagement Models: Where needed, we take on the role of an external controller or provide controlling outsourcing services.

Typical Questions and Concerns When Modernising Controlling

1. What are the costs associated with modernising controlling?

There is no simple answer. Modernising controlling is not a one-time project but a continuous, long-term partnership. More important than the initial cost is understanding the long-term business benefits that a well-designed controlling function brings.

By completing our controlling maturity assessment and ROI and EBITDA impact simulation, we can transparently illustrate the potential improvements at each maturity stage. We also clearly outline the path: from assessing the current state to achieving advanced Controlling 4.0 practices, with benefits increasing at each step.

2. What are the typical challenges when implementing controlling?

Common challenges include:

• unclear expectations and objectives without defined KPIs
• dependency on external partners and insufficient knowledge transfer
• scope creep and hidden costs
• cultural misalignment and employee resistance
• inadequate process oversight

How does CRMT address these challenges?

• We define expectations from the outset, including KPIs, milestones, and success criteria.
• We ensure knowledge transfer through training, documentation, and involvement of your internal team.
• We manage project scope and costs transparently.
• We act as a cultural bridge, adapting our way of working to your processes, communication style, and organisational culture.
• We facilitate change through an inclusive approach, support mechanisms, transparent communicatio,n and gradual adoption to minimise resistance and encourage engagement.

3. How do we differentiate ourselves from other providers?

Modernising controlling is not a short-term engagement but a long-term journey.

Unlike providers that focus solely on consulting, CRMT builds a true partnership. We operate as an extension of your team, helping you develop competencies, optimise processes, and ensure that controlling becomes a strategic strength of your organisation.

4. What do our clients say?

Our projects deliver far more than new methodologies. Clients report:

• Greater transparency in achieving objectives
• faster planning and more accurate forecasting
• stronger trust between management and departments
• successful transformation of controllers into true business partners

5. Why CRMT?

• International Standards
  Our methodology is rooted in partnerships with leading global organisations such as ICV and IGC.
• Experienced Consultants
  Our certified trainers and advisors are educated by the Controller Academie (Germany), an institution with more than 50 years of experience in developing the controlling profession.
• Continuity
  We have played a central role in the development of controlling in Slovenia and the region, including organising the annual Adriatic Controlling Conference.
• Comprehensive Scope
  From education and workshops to process redesign, data integration, tool implementation, coaching, and outsourcing.

With these strengths, we do more than deliver a project. We become a strategic partner for leadership teams aiming to build long-term competitive advantage.

For more information or to schedule a live presentation, please get in touch with us.

The post Controlling Advisory and Implementation Services appeared first on crmt.com.

Regulatory compliance is the collection of organizational processes, policies, and procedures that enable compliance with the laws, rules, regulations, mandates, and guidelines issued by legislators in the jurisdictions in which the business operates.

Our offer

We offer an efficient and robust regulatory compliance software solutions that achieves compliance with:

• International Financial Reporting Standards (IFRS) and
• Supervisory reporting such as FINREP, COREP, BASEL III, and Solvency II.

We actively follow trends and consistantly strive to base our solutions on state-of-theart technologies and our team of exeprienced consultants work closely with our clients and are able to efficiently carry out even the most complex projects.

Key features of the software solution

Fast setup

Preconfigured solution gets you compliant quickly with a lower total cost of ownership (TCO).

Single Version of Truth

Creates a single contract data repository to accurately calculate, report, and disclose.

Easily Integrated

Our regulatory solutions are non-disruptive to existing architectures they integrate with all your systems, whether they are on premises or on the cloud.

Flexible Modeling

Easily extend and maintain the library of contract models , configure calculation logic and rules with a Finance friendly interface to stay compliant.

See it in practice

Our experts will be happy to walk you through all the key features and functionalities relevant to your industry and explain you our experience and best practice from previous projects.

Request Demo

Technologies

CoreFiling

In its 20-year history, CoreFiling has contributed more to the development & promotion of XBLR standards than any other organisation.

Wolters Kluwer

In its 2020 Magic Quadrant for Cloud Financial Planning & Analysis Solutions, Garter recognised CCH Tagetik as a field leader.

The post Regulatory Compliance appeared first on crmt.com.

Software solutions with automatic conversion of individual items allow correct and timely reporting to the regulator.

The whole process of implementing the solution is fast and efficient, and its implementation saves a lot of time and resources previously needed to monitor the reporting.

Key features of the software solution

Pre Packaged Compliance outputs

There’s no need to start from scratch. Our solution supports compliance from data collection to disclosure.

Data Integrity

I nspect your results by tracing back the history of changes to data in our audit log. Y ou can be confident you’re approving a final document that’s compliant through and through.

Financial Intelligence

Support for multi entity consolidation with currency and ownership capabilities

Workflow and Transparency

When you need to audit data, the audit log captures the entire lifecycle of your data so you can quickly provide answers and trace back the lineage of changes and calculations.

Resource prepared by experts

Functionalities of IFRS17 demonstrated on simple contract

A breakdown of functionalities based on a simple 3 year contract.

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Technology

Wolters Kluwer

CCH® Tagetik by Wolters Kluwer has set a benchmark for excellence, being named a Leader in the 2024 Gartner® Magic Quadrant™ for Financial Planning Solutions for the fourth consecutive year.

The post Supervisory Reporting appeared first on crmt.com.

The European Banking Authority (EBA) is an independent EU body responsible for ensuring effective supervision of the European banking sector. It issues proposals for a harmonized, standardized regulatory framework to govern banking activities across EU member states, aiming to establish a transparent and stable single market.

EBA facilitates centralized disclosure of supervisory data on EU banks, promotes cooperation among national authorities in the supervision of banking groups, and seeks to ensure fair treatment and protection of all consumers of financial products within the EU.

Current status

The currently applicable rules are based on Reporting Framework 4.0 and the Implementing Technical Standards (ITS) for institutions’ Pillar 3 disclosures.

In 2026, version 4.2 is expected to come into effect, bringing several important updates. In the area of resolution planning, it introduces two entirely new reports, RESOL 1 and RESOL 2, which are applicable from the December 2025 reference date.

In the area of operational risk, it includes additional reporting amendments under CRR3 and CRD6, covered by the COREP own funds requirements for operational risk. These changes are applicable from the June 2026 reference date. In addition, it includes amendments to other modules to align with the DPM 2.0 data dictionary, which apply from the March 2026 reference date.

Version 4.3 is also expected for 2027 and will cover most ITS reporting modules, including COREP, FINREP, FRTB, ALMM, and AE.

EBA Supervisory Reporting

The CCH Tagetik Wolters Kluwer solution for EBA Supervisory Reporting is a pre-configured solution that includes a comprehensive set of regulatory compliance tools banks need to meet reporting obligations for FINREP, COREP, Asset Encumbrance, Funding Plan, LCR, NSFR, ALMM, MREL, and IRRBB. By automatically populating reporting templates with EBA-compliant data, the burden of regulatory reporting is significantly reduced. The automated solution efficiently ensures compliance with strict deadlines.

EBA compliance is not just about generating reports—it encompasses the entire data collection and disclosure process for both the market and regulators. Wolters Kluwer provides a pre-packaged solution with a complete set of accounts, pre-built FINREP and COREP templates, diagnostic checks, calculation rules, consolidation logic, multi-GAAP support, and XBRL outputs.

CCH Tagetik’s built-in financial intelligence enables full EBA compliance:

• Automated data loading, collection, and mapping
• Built-in controls, diagnostics, and validations
• Intercompany reconciliation tools
• Support for multi-entity consolidation, including currency and ownership considerations
• Reconciliation with IFRS data to ensure consistency across FINREP/COREP and IFRS reports

From data collection to final disclosure, the EBA Supervisory Reporting solution provides all the capabilities, financial intelligence, and process governance needed to ensure compliance with FINREP, COREP, Asset Encumbrance, Funding Plan, LCR, NSFR, ALMM, MREL, and IRRBB.

The EBA Supervisory Reporting solution integrates seamlessly with all data sources and existing applications, offering a single platform for financial performance management. It also provides flexible configuration to meet specific regulatory and organizational needs.

Automated XML Generation for Bank of Slovenia Reporting

We also offer automated XML generation for supervisory reporting to the Bank of Slovenia. The solution is based on Excel-prepared templates, categorized by ITS modules and levels (individual, consolidated). With pre-configured metadata settings, a final XML file is generated and submitted via B2B protocol to the Bank of Slovenia.

Since the reporting files are structured by module, validation is limited to predefined code lists and, where necessary, includes calculations based on specific reporting segments.

At CRMT, we ensure that your solution remains fully aligned with evolving EBA regulatory requirements through ongoing maintenance and updates.

Achieve Compliance Faster:

✔ Easily map data from multiple sources
✔ Ensure FINREP and COREP reconciliation with IFRS reporting
✔ Collaborate efficiently with all stakeholders in a unified platform

Technology

Wolters Kluwer

CCH® Tagetik is consistently ranked among the leading solutions in financial planning, financial close, and consolidation, according to top global industry analyses.

The post EBA and Reporting Frameworks appeared first on crmt.com.

ESEF ESMA Reporting is required from January 1st, 2021. All European public companies need to create HTML-based annual reports with iXBRL (inline XBRL) tagging. European Securities and Markets Authority (ESMA) mandated the regulation to meet the European Single Electronic Format (ESEF).

Update of ESEF was published in 2021 and came into effect 27.03.2022. It includes three major changes:

• rent concessions due to Covid-19,
• the IBOR transition,
• and changes to insurance contracts

ESEF should be human and machine readable, should increase handling speed, reduces errors, and permits automatic information check. ESEF ESMA Reporting compliance requires to tag each piece of financial information with a label that identifies it in terms of standard accounting or tax concepts.

Organisation have to prepare all annual reports after 2020 according to ESEF ESMA reporting standard. The process might sound complicated, however it does not need to be.

Our solutions either from CCH Tagetik or Corefiling, allows you to take your annual financial statement, and as a result easily map & tag it according to the ESEF taxonomy, and publish it. ESEF ESMA software provides and identifying tag to each individual item of business data, subsequently the more statements you tag, the shorter the process will become. The previous year’s tagging will also form the basis for the next year so things will get easier and quicker. The tagging is straightforward with an obvious one-to-one match between financial line items and tags in the report.

The mandatory information that needs to be tagged in the first submission is:

• Balance sheet
• Profit and loss
• Net equity variations

ESEF ESMA Reporting Disclosure Workflow

Key Features of our iXBRL Software Solution

Key features of solutions are:

• The world’s fastest filer preparation tool
• Full compliance with technical and regulatory standards
• Easy extraction of regulatory data from existing systems
• Conversion of company accounts to iXBRL

iXBRL solution leaflet

A simple and cost-efficient iXBRL creation software

For any company with reporting requirements in iXBRL.

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Technologies

Corefiling

In its 20-year history, CoreFiling has contributed more to the development & promotion of XBLR standards than any other organization.

Wolters Kluwer

In its 2020 Magic Quadrant for Cloud Financial Planning & Analysis Solutions, Garter recognised Wolters Kluwer’s CCH Tagetik as a field leader.

The post ESEF ESMA Reporting – iXBRL appeared first on crmt.com.

With the new IFRS 16 and ASC 842 lease standards focusing on transparency of lease obligations on the balance sheet, there is a significant amount of lease data that must now be collected, calculated, reported and disclosed.

We can help you transition to the new leasing regulations and get compliant quickly. Our Solution is automated to allow you to easily manage the large volumes of leasing data by providing data collection, calculations, reporting and disclosures.

Our goal is for your implementation to be as seamless as possible, and our agile approach led by an experienced project manager has a proven track record of success.

Key features of the software solution

Fast setup

Preconfigured solution gets you compliant quickly with a lower total cost of ownership (TCO).

Single Version of Truth

Creates a single lease data repository to accurately calculate, report and disclose for IFRS 16 & ASC 842 and other reporting requirements.

Easily Integrated

Our regulatory solutions are non-disruptive to existing architectures they integrate with all your systems, whether they are on premises or on the cloud.

Flexible Modeling

volumes of data quickly. Flexible modelling allows you to easily extend and maintain the library of contract models , configure calculation logic and rules with a Finance friendly interface to stay compliant.

Resource prepared by experts

The ultimate lease accounting checklist

Know exactly what features to look for when you are choosing the IFRS 16 & ASC 842 software.

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Technology

Wolters Kluwer

CCH® Tagetik by Wolters Kluwer has set a benchmark for excellence, being named a Leader in the 2024 Gartner® Magic Quadrant™ for Financial Planning Solutions for the fourth consecutive year.

The post IFRS 16 appeared first on crmt.com.