Tax Provision Solution

As CFO’s and audit committees push for transparency and shorten the accounting close, tax departments are being challenged to drive efficiencies and reduce cycle times. Like many in finance and accounting, tax departments historically relied on spreadsheets to gather data, create unique hierarchies, manage adjustments, and gather approvals- work that can be time consuming and error prone. For sophisticated, global enterprises with multiple legal entities and complex ownership structures, the risks are even greater and can have a material impact on month / quarter-end close cycles and meeting external reporting requirements.