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​Enhance Planning, Increase Strategic Value

Tax planning is the pinnacle of the tax process. Whether it's planning for a transaction, optimizing entity structures, analyzing the impact of new law or projecting effective tax rates, tax planning is a critical part of long-term business success.

Inherently, tax planning requires the ability to evaluate data from many perspectives and in multiple scenarios. Traditionally, this meant spending a lot of time and effort finding data and validating it before beginning any analysis or evaluation. Time sensitivity adds to the pressure of the process and can lead to data and outcome inaccuracies. Corptax ERP is transforming the business of tax planning to enable the planner to leverage our single system of record for information and our common processes to eliminate the issues historically faced by tax planners.

Corptax provides powerful planning solutions that give you:

• A common database across the tax continuum that provides access to all the data you need for analysis and calculations — including unlimited what-if planning scenarios while continuing to leverage the as filed / as reported data — all in one system.
• Entity management functionality that allows you to manage multiple entity structures at the same time, including legal reporting, financial reporting and unlimited what-if structures. All managed in real time, by effective date, and available in either an organization chart or as a list. And all changes are tracked in detailed audit trail by effective date for true multiyear reporting.
• Proven Corptax calculations you can leverage for planning purposes — from provision and compliance to other configured or custom calculations. This also includes international calculations such as subpart F, Foreign Tax Credits and E&P.
• The flexibility and security to pull and push data from a common database, while leveraging your existing Excel planning models. Corptax Office allows users to pull data from the Corptax common database. It also allows results to be pushed back into Corptax. All this without the need to import/export or otherwise manipulate data. And the Corptax security is in place to ensure all data is safeguarded.

Corptax State Planner
Corptax also offers a specific state planning tool that provides you with full corporate tax planning capabilities from a multiyear perspective, as well as:

• Enhanced planning and analysis capabilities
  Corptax State Planner's built-in flexibility allows you to calculate the expected tax impact and quickly simulate what-if planning scenarios. Need to change an apportionment component or modify the income or deductions? No problem, State Planner automatically recalculates the tax.
• Flexible reporting capabilities
  Corptax State Planner gives you the flexibility to calculate the estimated tax liability for multiple states within one report. The report provides you with detailed information on multiple states. It can also compute a combined or consolidated return.
• Customizable calculations
  With Corptax State Planner you can customize calculations to your needs. You have control over the variables that manipulate the calculations and allow for easy updates and change recalculations.