Taxtimbre and The Resource bundle tax and transfer pricing offerings

08 February 2019

Taxtimbre, a specialist firm in tax consulting and automation, has joined forces with the tax automation arm of The Resource. “By combining our knowledge and experience, we can help organisations create a smooth and effective tax end-to-end process,” explained Roelf Kloen, a partner at The Resource.

Both Netherlands-based firms are dedicated to the tax domain. Founded last year, Taxtimbre supports clients with an tax consulting en transfer pricing. The firm was launched by financial consultancy Finext after it acquired the tax and transfer pricing wing of Tytho (the other part of the company was picked up by Deloitte). Taxtimbre is led by Monica Erasmus, who previously served PwC for 21 years, and Benno van Ingen, who leads the venture on behalf of Finext.

Amsterdam-based The Resource was founded with a similar mission. The firm helps its clients improve the effectiveness of their tax function, by providing a suite of consultancy, compliance, execution and technology services. The joining of forces enables the firm to work with like-minded professionals, said Kloen. “The combination of our business with that of Taxtimbre enables us to work closely together with specialists in the transfer pricing and technology fields.” Erasmus added, “By bringing our experts together, the stage is set to help companies transform their tax process.”

Taxtimbre and The Resource bundle tax and transfer pricing offerings

As part of their joint-venture, the two firms will bundle their tax automation offerings and go-to-market under the Taxtimbre banner. Main focus area of the venture will be on tax technology, an area which according to partners of both firms is set to disrupt the mainstream approach in the tax landscape. Similar to how technology is changing the make-up of the finance or accounting industry, among others  emerging technologies are providing tax professionals with a who new set of opportunities. Robots are increasingly able to automate mundane tasks, tax-crafted algorithms are allowing for enhanced tax reporting, while digitised process control facilitate improved regulatory compliance.

“Automating tax processes reduces the workload, which allows for more time being spent on more valuable tasks, and supports factual decision making,” summarised Van Ingen.

The potential for opportunity becomes even more apparent against tax’s changing backdrop. Mounting complexity in tax reporting requirements, a growing call by executives and other stakeholders for more transparency and changing ways of working (e.g. tax authorities) mean that tax functions are more than ever feeling the heat. “In addition to becoming more demanding, tax reporting is also getting more and more entwined with finance. Connecting tax, finance and IT is essential for the next step in tax reporting,” remarked Patrick van Gerven, a partner at The Resource.

Under their joint banner, the newly-wed partners believe they have what it takes to provide an “integrated and end-to-end” solution. “We are ideally positioned to play an active role in the tax transformation process,” said Erasmus. “We support with tax and transfer pricing tool implementations, and advise on tool selection and the integration between the various systems used within an organisation, such as ERP or EPM systems.” 

The good news, according to Erasmus, is that companies are starting to spot the potential that can be unlocked through digitisation. “Just two to three years ago, tax automation within direct taxes was very incidental, but companies have started with real efforts to transform from silo departments to integrated business processes.”

Related: Europe home to 6 of the globe’s top 10 tax havens.

HKA Tech and Primaned join forces in PMWeb domain

03 April 2019

HKA Tech, one of the world's largest partners of project management software provider PMWeb, has agreed a collaboration with Primaned, a Dutch consultancy specialised in portfolio and project management. Together the two partners aim to help clients across Europe with professionalising their project management and change delivery operations. 

The partnership between HKA Tech and Primaned focuses on services in the PMWeb domain – software that helps companies in sectors such as construction, healthcare, chemicals, government and oil & gas with running large, capital intensive projects. Among the firms using PMWeb are AECOM (construction), CBRE (real estate), the European Investment Bank (banking), Dubai Parks & Resorts (travel), Cisco (technology), Samsung (electronics) and the United Nations (government). 

Having identified the tool’s unique benefits, Primaned collaborated with US-based PMWeb on its launch in Europe around two years ago. Founded in 1985, Primaned is a consultancy focused on project control. The firm’s consultants provide support in the areas of portfolio management, project and risk management, and technology implementation – with the firm’s digital experts specialised in implementing tools from vendors such as Orcale, PMWeb, MainTasc Enterprise and Primavera.

HKA Tech and Primaned join forces in PMWeb domainTogether with HKA Tech, Primaned now wants to expand its work for PMWeb across the continent. The offices of HKA-Tech in the UK – launched last month – and Primaned in the Netherlands, Belgium and Ireland will cooperate on both business and client development and the delivery of combined projects. 

To showcase their joint offering, the two firms have in recent weeks presented at several events. During the event ‘Technology that drives Construction Management’ in London they shared their PMWeb experiences with several European stakeholders. One of Primaned’s main clients is the NHS, which is using PMWeb to gain a better grip on its capital expenditures supporting healthcare services. Alasdair White, Head of Construction at the NHS stated: “PMWeb enables us to make our internal operations much more efficient, and for the first time in five years we are now able to invest 100% of our allocated budget.” 

Mid-March Primaned managing partner Paul Vogels will provide a presentation on PMWeb during the National Construction Summit in Dublin, Ireland. Next month he will also be speaking at the Building Holland Expo in the Netherlands, which takes place in Amsterdam. 

The PMWeb solution portfolio covers four main working areas: CapEx planning and management, project portfolio management, facilities management and real estate management. As the name suggests, its solutions are entirely web-based. Core product modules cover planning, engineering forms, cost management, scheduling, asset/facility management, and visual workflow.