PwC and Oracle have introduced a transformative service designed to simplify compliance with international reporting standards like OECD Pillar Two, the Corporate Sustainability Reporting Directive (CSRD), and the Carbon Border Adjustment Mechanism (CBAM). The collaboration integrates PwC’s consulting expertise with Oracle’s advanced technology, offering tailored, automated solutions to help businesses streamline complex data and reporting processes.

“Pillar Two, CSRD, and CBAM challenge enterprises to quickly adapt to a new way of reporting. Each of them requires complex operations that can only be simplified with automation,” said Kevin Sullivan, Oracle Alliance Practice Leader at PwC US.

Addressing Emerging Compliance Challenges

From 2024, global businesses must adopt digitized data collection and reporting practices to meet new regulatory demands. However, PwC’s analysis reveals a critical gap in data readiness, with many organizations struggling to produce high-quality, actionable information for compliance.

Streamlined Solutions for Pillar Two and Sustainability

PwC’s tailored services integrate Oracle Fusion Cloud to address compliance challenges:

• For Pillar Two: Automated tools collect data from finance, HR, and sales systems, simplifying tax modeling and financial closures.
• For Sustainability Reporting: Oracle’s technology enables CSRD and CBAM disclosures, combining in-depth data analysis to improve insights and reporting accuracy.

“To prepare for new international regulations and tax requirements, organisations need comprehensive solutions that collect and analyse enterprise-wide data,” said Hari Sankar, Group Vice President, Product Management at Oracle.

Turning Compliance Into Competitive Advantage

This partnership doesn’t just ensure regulatory compliance but positions businesses to gain strategic benefits through innovation. The integration of automation, analytics, and centralized controls allows companies to streamline operations, enhance decision-making, and align with market expectations.

“As the global regulatory landscape shifts, business leaders are seeking services to address compliance and market expectations,” said Patrick Pugh, Global Alliances Leader at PwC.

Driving Innovation in Compliance

The PwC-Oracle partnership showcases a future-ready approach to tackling rising regulatory complexities. By transforming compliance into a streamlined, value-driven process, businesses can maintain a competitive edge while meeting global standards.