Preparing for Pillar Two and Beyond
For a Director of International Tax at a leading global pharmaceutical company, Pillar Two was more than a compliance project; it was an opportunity to rethink how tax data, calculations, and reporting were managed across the organization. The team set out to create a unified tax technology strategy that could support tax provision, Country-by-Country Reporting (CbCR), Pillar Two compliance, and International tax calculations (ITC) for US outbound taxes on a connected platform.
Aligning Tax Processes on a Connected Platform
Approximately eight to nine months ago, the company began evaluating a transition from their existing provisioning solution to ONESOURCE Tax Provision (OTP). During those discussions, the tax team recognized an opportunity to align other tax processes with the provision workflow. Having already selected ONESOURCE Tax Provision, the team saw Orbitax’s position within that ecosystem as a natural fit for extending connected tax data and compliance processes across the broader tax technology landscape.
As Pillar Two requirements continued to evolve, the need for connected data became increasingly important.
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With the way Pillar Two is going, there was a necessity to have all the information on a platform that would talk to each other.
Director of International Tax
A leading global pharmaceutical company
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Rather than implementing separate solutions for different compliance requirements, the company wanted a single source of truth across its tax processes. This led to the decision to adopt Orbitax Global Minimum Tax (GMT) for pillar two, Country-by-Country Reporting (CbCR), and International Tax Calculator (ITC) for US outbound taxes.
Moving Beyond Spreadsheet-Based Processes
Prior to the transformation, different tax functions relied on separate tools and manual workflows. The provision team used an existing tax provision solution, while other international tax processes depended heavily on spreadsheets and third-party advisory support.
The company wanted a more digitized environment that aligned with its existing processes while creating stronger connectivity between teams and data sources.
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The goal wasn’t simply to replace individual tools, it was to create a connected tax ecosystem that could support provision, Pillar Two, CbCR, and international tax calculations.
Director of International Tax
A leading global pharmaceutical company
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Early Experience with Orbitax
Although the team had no prior experience with Orbitax, the initial evaluation process and smooth onboarding experience helped build confidence in the platform. The company highlighted the quality of Orbitax Academy training materials, ease of navigation within the platform, and the ability to understand and follow the underlying calculation logic.
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ITC is very powerful. It’s user-friendly, the reports are easy to understand, and it gives us visibility into the underlying calculation logic.
Director of International Tax
A leading global pharmaceutical company
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The team also cited Orbitax support as a positive part of the implementation experience, noting that questions were consistently addressed throughout the project.
The combination of structured training, implementation guidance, and ongoing support helped the team get up to speed quickly and begin performing tax calculations and compliance activities with confidence.
As implementation progresses, the company has already established reporting workflows that support both tax provision and Pillar Two requirements, helping create stronger integration between previously separate processes.
Looking Ahead
The company views this implementation as an important step toward a more connected tax operating model. By bringing tax provision, Pillar Two, CbCR, and ITC onto a unified platform, the team is working toward a future state with greater consistency, improved visibility, and reduced reliance on spreadsheet-based processes.
By 2027, the company expects to move toward full adoption of ITC for its core tax calculations, further strengthening the integration of its tax processes. The planned scope of ITC includes Current Year E&P, FTC, BEAT, Section 163(j), FDII, Subpart F, and GILTI. PTEP pools and dividend distributions will remain managed offline for the time being, with the company planning to revisit these processes after the tax return has been filed.
As adoption progresses, the company is confident in the direction of its tax technology strategy and the role Orbitax will play in supporting its continued evolution.