Skip to main content
All CollectionsRelease notes
May 2023 | Risk Management
May 2023 | Risk Management
Stevi Frooninckx avatar
Written by Stevi Frooninckx
Updated over a week ago

Introducing Risk Management for In-house Tax Teams

We are thrilled to announce the latest addition to the Loctax platform –

Tax Risk Management. You can now manage all your tax risks securely in a single platform built for modern tax teams. Check out the announcement video down below:

Try the interactive demo

Why are we building this?

With tax risks becoming more crucial and more difficult to manage, tax teams are left scrambling to react on time. Organisations are flying blind, with no chance of getting on top of things. Constant fire fighting. Constant headaches. We believe there's a better way – one central platform to easily monitor all the key tax risks.

What can you do with Risk Management?

✅ Manage all tax risks across your organisation
​Easily identify and monitor all tax risks in one place, providing you with a comprehensive view of your organisation’s tax risks and reducing the potential for blind spots and compliance issues.

✅ Identify and control uncertain tax positions

Have clear overview of the risks that really matter. Control the tax conversation with your finance and accounting collagues by having detailed reports of your uncertain tax positions.

✅ Track how your risks evolve
Gain valuable insights when risk assessments are updated. Tailor the mitigation strategy on how the risks evolve and take informed action

Try an interactive demo

Other improvements to the platform:

  • Tax CTX consolidation:

    • Improvement so you can now edit the end date of membership more easily.

  • Audits & projects

    • Improvement to the sorting functionality

  • Table view

    • Improvement including additional data points such as responsible corporate and indirect tax person

  • Sales and use tax:

    • Added the sales and use tax functionality for US based entities

    • added export functionality for the return figures captured

    • Added Admin information

  • Security

    • Improvement to the reset pasword process

  • Notes

    • Allow users to copy paste screenshots into a note.

  • Dashboards

    • Improvements to the world map. You can now zoom in & out and more easily scroll

  • Calendar

    • Events are grouped by country

    • Add EC listing and Intrastat events

  • Single sign on

    • Allow admins to setup SSO

  • Tasks

    • Improve the user experience when exporting all tasks.

  • Notifications

    • Improvement to the email notification: adding the name of the entity in the reminder.

  • Taxops

    • Updated the IBFD country rules for 2022

Did this answer your question?