DALLAS AND LONDON (November 15, 2023) – Ryan, a leading global tax services and software provider, has announced the launch of Ryan TaxPay™ (powered by Desucla), a single, secure platform to facilitate the automation of all global tax payments.
Designed for companies that need to make regular payments to one or multiple foreign tax authorities to meet a variety of tax payment obligations, Ryan TaxPay is an online platform that fully manages the payment calendar, including the conversion of source funds to each required local currency, payment to each tax authority recipient, and submission of any required tax payment references. As part of the offering, clients have access to the Ryan service team to provide proactive support and assistance.
The automation of tax payments can bring considerable cost benefits. By simply uploading one amount onto the platform, it is estimated that users of Ryan TaxPay can achieve at least a 25% reduction in foreign exchange rates compared to standard bank rates. It also establishes a clear audit trail and enables users to centralize management and oversight of payments.
The platform has been developed in partnership with tax technology provider Desucla and forms part of Ryan’s long-term strategy to bring to market a range of tax payment solutions suitable for clients of all sizes and their individual needs.
“Improving the efficiency and effectiveness of our clients’ people, processes, data, and systems to transform their tax function into a best practice environment continues to be our main focus,” said Jon C. Sweet, Ryan President of European and Asia-Pacific Operations. “Ryan has always taken an innovative approach to developing solutions to meet the needs of our clients worldwide. With tax authorities increasingly demanding more regular payments of a wider range of taxes, the launch of Ryan TaxPay will be particularly valuable to our global clients needing a new way to meet their tax payment obligations.”
“Payment of taxes in foreign territories is an inevitable requirement for global businesses. We have been working with our clients to understand the associated challenges and come up with new, innovative solutions to them,” said Andrew Burman, Ryan Principal, Tax Transformation. “We strongly believe that Ryan TaxPay and our partnership with Desucla can help make the entire process more efficient by transforming how these obligations can be managed, cutting through complexity, and saving exchange rate costs and time via a single global tax payment solution that is fully managed, automated, transparent, and scalable.”
“We are excited to be partnering and collaborating with the world’s leading tax firm to bring this transformational offering to the market,” said Richard Baxter, Founder and CEO, Desucla. “Combining Ryan’s transformation expertise with Desucla’s technology and infrastructure, enables us to provide our partners with an end-to-end service through our Global Tax Agency Support Services proposition, including simplified tax payments for many clients around the world.”
Desucla specializes in tax and payment solutions to empower cross-border trade. We simplify complexity and provide intelligent solutions for international commerce. Our bespoke Software-as-a-Service (Saas) platform makes global feel local and minimizes the complicated burdens of submissions and payments. Clients can now manage tax reporting, representation, and remittances all in one place.
Our platform provides our 1,000+ international clients with certainty in existing export markets and a trusted companion when opening new frontiers. Merchants can select the right combination of products to move goods effectively into and out of Europe, manage regional tax obligations, and discharge local payment liabilities. Our tax payments platform means that for the first time, there is now a payments service linked directly to tax authorities across Europe. Being a FinTech company, we offer optimal foreign exchange rate conversion, market-leading settlement terms, and straight-through payment processing. Coupled with Desucla’s deep experience, clients can be confident that they will be able to pay the right amount, to the right account, at the right time, with nothing left to chance.
We are a key delivery partner for global tax advisory specialists, and we know that simplifying tax through innovation means business can thrive. More information about Desucla can be found at desucla.com.
À propos de Ryan
Ryan, est un fournisseur mondial primé pour ses services et logiciels fiscaux. La société représente actuellement le plus grand cabinet au monde spécialisé exclusivement en fiscalité des entreprises. Le cabinet offre une gamme intégrée de services fiscaux fédéraux, provinciaux et internationaux sur une base multinationale, incluant des services de recouvrement fiscal, de conseil, de défense, de conformité et de technologie. Ryan a été récipiendaire du prix international pour l’excellence de son service, décerné par le Customer Service Institute of America (CSIA) à 11 reprises, pour son engagement envers un service à la clientèle de classe mondiale. Grâce à l’environnement de travail dynamique myRyan, largement reconnu comme le plus innovateur du secteur des services fiscaux, l’équipe multidisciplinaire de Ryan, qui compte plus de 4 700 professionnels et associés, dessert plus de 29 000 clients dans plus de 75 pays, dont un grand nombre de sociétés font partie du classement Global 5000. Pour de plus amples renseignements sur Ryan, visitez https://ryan.com/canada-fr/.
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