PwC has bought data technology firm Selera Labs in a move which the firm says is aimed at strengthening its tax reporting practice at a time when tax authorities around the world are requiring increasing amounts of data from organisations
Kevin Nicholson, head of tax at PwC, said: ‘This acquisition will further strengthen our tax reporting and analytics services. Organisations are looking for efficient technology solutions to help comply with new and changing reporting requirements. The innovation that Data Ignition brings could be a game changer for tax compliance.’
Selera Labs’ technology platform, Data Ignition, continuously monitors logistics and transactional data. It provides end-to-end monitoring of clients’ financial transactions in multiple territories, flagging any inconsistencies, and offering real-time visualisation along the audit trail to help clients with tax compliance and reporting rules.
As part of the acquisition the founder of Selera Labs, Michael Lawler, will join PwC as a partner to lead further product development, along with nine Selera Labs employees with experience in transactional data analytics and intelligent machine learning.
