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Prophix and Taxvibes Form a Strategic Alliance to Revolutionize Tax and Financial Integration

In an innovative move announced on May 27, 2026, Prophix, a leader in financial performance management, has entered into a strategic partnership with Taxvibes, a specialized consultancy in direct tax technology. This collaboration aims to address the longstanding challenges faced by financial and tax teams by enhancing the efficiency of tax processes leveraging the Prophix One platform.

Historically, the transition between financial consolidation and tax reporting has been a friction point, plagued by manual data exports, inconsistent information, and duplicated efforts. The joint efforts of Prophix and Taxvibes seek to close this gap, providing a seamless solution. Taxvibes will deliver tax calculation and reporting modules tailored specifically to the unique structures, compliance exposures, and reporting standards of each organization, offering a staggering 70% reduction in time spent on tax year-end processes—from two weeks down to just three days.

"Our partnership with Taxvibes enables us to deliver a truly end-to-end solution for financial teams," remarked Oliver Deistler, Director of Alliances at Prophix. "For our clients, this means having one connected workflow without duplications and ensuring data remains within the system for reconciliation."

Together, Prophix and Taxvibes will provide critical tax support to financial and tax departments, which includes:

• - Tax Provisioning: Automated provisioning solutions supporting IFRS, US GAAP, and Local GAAP, significantly reducing manual efforts and accelerating closure cycles.

• - Pillar Two Reporting: Customized calculations and reporting for the OECD’s second pillar on global minimum tax, addressing jurisdictional safe harbors to GloBE information reporting.

• - Country-by-Country Reporting: Comprehensive automation throughout the CbCR lifecycle that meets OECD and EU public CbCR requirements, alongside embedded checks for consistency across various jurisdictions.

• - Transfer Pricing and Tax Evasion Guidelines: Tailored modules to fulfill additional compliance needs, developed based on the specific requirements of each corporation.

Dennis van Krimpen, Senior Partner and Tax Reporting Specialist at Taxvibes, expressed enthusiasm for the collaboration, stating, "We are excited to embark on this partnership, helping tax and finance departments fully leverage Prophix's robust financial consolidation solutions, enhancing accuracy across the organization and speeding up tax reporting processes."

About Taxvibes
Taxvibes is an independent consultancy firm specializing in direct tax technology and transformation. It assists multinational organizations in automating their direct tax processes through consulting, tool selection, and implementation in tax provisioning, Pillar Two reporting, CbCR, and related compliance fields.

About Prophix
Prophix® is a global leader in financial performance management that empowers financial teams to lead with clarity, capacity, and confidence. From planning and budgeting to forecasting, reporting, reconciliation, and consolidation, Prophix integrates everything within a single intelligent platform. Prophix One™, the flagship of Autonomous Finance platforms, combines AI, automation, and intuitive technology to simplify complex processes, moving finance toward a more strategic role. By automating routine tasks, delivering predictive insights, and enabling real-time collaboration, Prophix allows financial teams to focus on driving business growth.