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1. Consume Data without Obstacles
Challenge
Solution
As data demands skyrocket, so must efficiencies. The vast amount of data needed today makes manual inputs and overrides unsustainable. Searching through files and external systems opens the door to risk.
Gathering quality data directly from source systems conquers obstacles and enhances performance across tax functions. Instead of copying and pasting, let technology collect, tax-sensitize, and structure data for easy consumption throughout reporting to keep tax balances current.
• Gather, group, and apply rules to data to consume over the tax lifecycle
• Leverage commonalities in entities, accounts, and adjustments without reentry
“ With Excel, we couldn’t pull together insights— consolidating data took so much time and we couldn’t validate its accuracy. Corptax gives us useful insights we can present to the CFO and Board of Directors.” Ashley Van Manen, Senior Tax Accountant, Gordon Food Service
• Use repeatable workflows with rules to automate data collection from financial and other systems
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