Corptax Provision helps tax departments streamline their company's tax provision. We help you better control and manage the process by automating data gathering, eliminating redundancies, standardizing processes and increasing internal controls.
Addressing both domestic and local country requirements, our tax provision software helps your organization:
- Save time and increase accuracy
Manual efforts are significantly reduced by automation that starts with data feeds from source systems, continues through the automation of tax adjustments and flows all the way through to reporting and finally complete the process by reconciling back to source systems. Corptax Provision empowers you with workflow tools, drill-down capabilities, remote data gathering and reliable calculation methods to make your provision process efficient and as error-free as possible.
- Reduce risk and increase transparency
Corptax Provision provides a range of measures from audit trails to reliable calculations and diagnostics that improve analysis and help you meet your SOX controls.
- Work the way you need to work
Configurable and comparative reporting allows quick access to the historical and current data you need when you need it.
Whether you are a large multinational or smaller company with only a few entities, Corptax Provision understands the need to simplify your provisioning processes. To this end, our corporate tax software for provision addresses the following areas:
- ASC 740: Income Taxes (Formerly FAS 109)
This system automates data gathering, analysis and calculations to streamline worldwide ASC 740 reporting by eliminating redundant work, standardizing provision processing and increasing internal controls. Our calculations include these areas:
- SSAP-101 (Insurance provision)
- FERC (Provision for utility companies)
- Tax Contingencies
- IFRS Provision
This system automates data gathering, analysis and calculations to help you control and manage your company's worldwide tax accounting process under International Financial Reporting Standards (IFRS) by eliminating redundant work, standardizing provision processing and increasing internal controls.
- Tax Contingencies
This system helps you manage and report your tax contingencies by focusing on the four key areas of compliance: Recognition, Measurement, Disclosure and Process Management — enabling you to improve the accuracy and consistency in your financial statements while reducing the associated risk.
Contact Corptax or request a demo to learn more.