In April 2024, WTS Digital, the digital unit of the WTS Group, launched a cooperation with the international msg Group, a leading provider of IT, software and industry solutions, with the aim of increasing the efficiency of tax processes. To this end, the two companies are pooling their expertise and broadening their range of services in the SAP environment. WTS brings in-depth understanding of global tax legislation and tax optimization strategies, while msg contributes comprehensive expertise in dealing with the latest SAP technologies and tailor-made IT solutions.
The cooperation focuses on forward-looking IT solutions and projects aimed at improving technical software support for clients in the tax sector. A specific SAP Fiori solution for the "Pillar Two" tax system has already been successfully implemented as an add-on to SAP Profitability and Performance Management (PaPM). In addition, the development of a comprehensive SAP-based application in the area of tax reporting is planned. These integrated solutions combine the complexity of tax legislation with advanced IT systems to reduce compliance costs and optimize business processes.
Axel Kotulla, Chief Customer Officer Insurance at msg, emphasizes: "msg is known and valued in the market as a reliable technical and insurance partner. With the tax and financial expertise of WTS, we can expand our portfolio and implement projects for which our customers previously had to call in other providers themselves."
Florian Oehl, Managing Partner at WTS and responsible for the Digital division, emphasizes: "The cooperation enables us to make optimum use of synergies and in-depth knowledge of specialist requirements and technical implementation options in the client business. The partnership is also characterized by a very large network of experts that both companies can access and clients can be supported with an even broader holistic offering."
Front: Florian Oehl, Managing Partner at WTS and responsible for the Digital division, with Axel Kotulla, Chief Customer Officer Insurance at msg
About msg
msg is an independent, internationally active group of companies with over 10,000 employees worldwide. It is represented in 32 countries and supports its customers in their digital transformation. Founded in 1980, the company's range of services includes business and IT consulting as well as the development of standard software and individual solutions for the automotive, banking, consumer products, food, healthcare, insurance, life science & chemicals, manufacturing, public sector, telecommunications, travel & logistics and utilities industries. Independent companies within the group of companies cover the range of different industry and thematic focuses. msg systems ag forms the core of the group of companies.
Further information at: msg.group
WTS Group
WTS is a global full-service provider of tax advisory and financial & deal advisory services. With more than 1,600 experts in Germany and one of the most advanced digital units worldwide, WTS develops innovative and integrated solutions to help tax and finance functions navigate safely through increasing regulatory challenges and support digital transformation.
The consulting services offered by WTS are represented by the three business units Tax, Advisory and Digital. WTS deliberately refrains from carrying out annual audits and is therefore an independent and long-term partner.
WTS is represented at 14 locations in Germany and in more than 100 countries worldwide.
Further information: wts.com/de
