Improving Tax with Technology
The CSC Corptax® Single Solution answers the demand for a streamlined, end-to-end tax system that gives users the power to, in one client’s words, “reuse data from provision for compliance at year end without rekeying and rechecking.”
Currently outsourcing? Bring tax work in-house with technology. Gain control, speed, and efficiency—plus instant access to data for analytics and planning. Read the eBook to build your case for the in-house tax function.
Built on a powerful calculation engine designed to process huge data sets, it’s the industry’s only single system of record with a common user experience for provision through return. Our customers appreciate the ability to, “import data once and use it across the tax lifecycle as your single source of truth for everything” which “saves time, improves morale, and lets you take on higher-profile projects.”
- Tailor automation and workflows to your requirements for data import, calculations, adjustments, consolidation, and reconciliations
- Know and furnish answers quickly with one-click data access down to the source
- Tax-sensitize and easily exchange information with different systems, stakeholders, and software
- Use BOTS, analytics, and audit trails to inspire confidence in results
The bottom line? According to a long-time client, “Automating dataflow between financial and tax systems means less data entry, review time, and frustration, and more time to assess tax positions and savings opportunities for the company.”
A single solution automates our trial balance upload and quarterly provision updates, avoids Excel linking nightmares, and enables us to complete RTP in a day instead of a week.
It’s been interesting to add value from information that is solid, easily accessible, and all one database.
For us, Corptax is a powerful tax warehouse that automates adjustments, tracks deferred, and calculates taxable income for the provision. We then reuse that information to accelerate compliance.
With the Corptax Single System, work that took 6 people plus consultants to complete now takes 4 people and no consultants. The reduction in cost and risk helps everyone sleep easier.
We wanted one system for the whole tax lifecycle as opposed to constantly importing/exporting data to different silos.
We like the “one data warehouse” concept. We leverage data for analytics, different scenarios and reports.
With Corptax Compliance and Provision in place, we satisfied a complex external audit in 14 vs. 45 days with a reduced staff. Instead of the proposed amount owed, Corptax helped us furnish the reports and detail that led to a large refund.