The Hamburg-based software and digital services provider hsp Handels-Software-Partner GmbH has announced version 23.2 of its Opti.Tax platform. With this update, the leading provider of software solutions for tax compliance and financial reporting is adding new features to its Opti.Tax platform. In addition, functionality and user-friendliness are set to be further improved.

The hsp’s key new feature is the Country-by-Country Reporting (CbCR) module. It enables companies to efficiently report and submit their tax information in all countries in which they operate. In addition, a graphical visualisation of risks within the Tax Compliance Management System has been added. This provides a quick overview of the key risks and their potential impact on the company.

In addition, the Opti.Tax Cloud features automated translation of content into the user’s preferred language. This is achieved using artificial intelligence (AI) from DeepL, the Cologne-based specialist in machine translation. This feature makes collaboration within international teams considerably easier and faster. Even without multilingual specialists, people can discuss and edit technical content across language barriers.

More efficient tax compliance management

„With Opti.Tax Version 23.2, we are enabling our clients to manage their tax compliance more efficiently,“ explains Paul Liese, Managing Director of hsp. „The new features enable companies to fulfil their tax obligations more reliably and accurately, minimise risks and operate seamlessly across borders without communication barriers. Opti.Tax will therefore cover the area of tax compliance management even more comprehensively in future.“

Founded in 1991, the software company hsp develops software solutions and services for tax consultancy and auditing. The tax departments of many companies also use Opti.Tax for electronic invoicing. A number of professional modules are available for the software platform, for example for documentation and financial reporting. The documentation module covers areas such as the Tax Compliance Management System, the Internal Control System (ICS), procedural documentation, transfer pricing documentation and sustainability reporting.

About hsp Handels-Software-Partner GmbH

The Hamburg-based software company hsp Handels-Software-Partner GmbH has been developing professional applications since 1991. With its Opti.Tax software platform, hsp caters to professionals and firms in the fields of tax consultancy and auditing, as well as to businesses. Modules are available for the Opti.Tax platform which can be used individually or in combination and cover all aspects of electronic invoicing, including:

  • Process and procedure documentation
  • transfer pricing documentation
  • Tax Compliance Management System
  • Internal Control System
  • Anti-Money Laundering Act
  • Council tax

hsp aims to provide experts with long-term support in their work through software solutions and knowledge transfer, and to eliminate media discontinuities. In addition to software solutions, its range of services includes weekly livestreams, a comprehensive training course on digitalisation consultancy, and its own community.

Together with other software and digital companies specialising in tax consultancy, hsp is a founding member of the Tax Tech Alliance. This consortium of German innovation leaders works closely together to eliminate media silos and strengthen the tax sector with ideas, expertise and brilliant software solutions.

Furthermore, hsp is committed to sustainable working practices and is actively involved in a wide range of initiatives to protect the environment. hsp is also dedicated to supporting young people’s futures – as a training organisation offering a wide range of opportunities for development and personal growth.