Separating recoverable from non-recoverable IT spend improved VAT recovery, and a further €5m in infrastructure savings was identified, with the whole hybrid estate audit-ready.
Major European bank.
The standards do not care how technology is organized. Technology cost tools were not built to answer what they ask.
All it has is a bill and some tags. Legal entity, tax status and contract group aren’t in the data, so you can’t even ask the question.
Spread shared cost by headcount or revenue and you can’t show it’s recoverable, link it to a contract group or prove the rate is defensible.
Statutory reporting inherits an allocation built for another purpose, and the finance team spends the close reworking it.
Every one of these standards asks a question the cloud bill can’t answer.
Tax and statutory results that stand up to audit. That means claiming the input tax you’re entitled to, IFRS 17 attribution that holds, and intra-group charges that are priced and documented.
VAT recovery based on how services usage, not a blanket rate, plus transfer pricing with markup, discount or fixed-rate options.
Less processing and reconciliation at the close, and one allocation that serves both management and statutory reporting.
The same model they already run for cost transparency, extended with the dimensions finance needs, with no second model to maintain.
Three capabilities do the work, and Data Studio, Analytics and AI Studio come with each of them.
The engine. Legal entity, tax status and contract group as allocation dimensions, pricing rates with markup, discount and fixed rate and divisional models brought into one framework with validated, auditable output.
The technology cost base the standards are applied to, structured by tower and service with the general ledger as the source.
Cloud in the same entity and tax structure, so hybrid IT is audit-ready as one estate and not two.
Based on contract groups.
Attributes technology cost to the insurance contracts it supports, with a trace behind every allocation.
Based on the tax status of the activity using it.
Splits recoverable from non-recoverable technology spend by actual usage, not a blanket percentage.
Based on legal entity and intra-group rate.
Prices intra-group technology services using markup, discount or fixed rate, with output an auditor can follow.
From the provider invoice down to the entity that consumed it, and from the statutory line back up to source. When the auditor asks, the answer is a trace they can follow.
The dimensions the standards need live in the ledger, the entity structure and the contract system. A tool that starts from the cloud bill never sees them.
The finance standards are named in the copy above. The TBM taxonomy supplies the technology cost structure they are applied to.
