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Tax Automation and Reporting

Now more than ever, Tax Directors are practicing in an environment in which taxes are growing in complexity and risk. Yet, there is a great deal of pressure to reduce costs and, at the same time, quickly deliver results with greater accuracy. Additionally, many Tax Departments find that their efforts are more focused on lower-value tax compliance, rather than on higher-value tax planning for long-term benefits. Often, they are too spreadsheet dependent - requiring repetitive, manual inputting - making it more difficult to manage changes and errors.

Although many Tax Departments have implemented tax automation software to help ease these operational pain points, they may not be taking advantage of the full benefits. Improving Corporate Tax Operations (iCTO) can alleviate pain points and enable Tax Departments to drive improvements in quality, cost and time by focusing on improving tax processes and optimizing technology.

Our iCTO professionals can help you to operate more efficiently and effectively. We advise both large and small companies across a range of industries and with varying degrees of tax complexity on issues such as streamlining the tax provision process and choosing the tax automation software that best meets your Tax Department's needs.

Our team brings years of experience, proven implementation and project management skills, and extensive resources in IT-related issues to every task, helping to bridge the gap between IT and Tax Departments. We are well versed in third-party software packages such as TaxStream, CORPTax, Hyperion, SAP, Oracle, as well as Microsoft products such as Excel with Visual Basic and Sequel.

Our Tax Automation and Reporting services include:

• Tax operations reviews
• Process mapping, design and reengineering
• Identifying and prioritizing Tax Department "Needs, Wants and Wishes"
• Tax technology assessment and selection
• Tax technology implementation and project management
• Data warehousing
• Tax spend assessments
• Crisis resolution
• Tax department (or tax function) design and development
• Entity structure and compliance simplification