How to Reduce Risk, Improve Transparency and Increase Efficiency in Tax Provisioning

How to Reduce Risk, Improve Transparency and Increase Efficiency in Tax Provisioning

Like many in finance and accounting, tax departments have historically relied on spreadsheets for tax data collection, provisioning and reporting.  With Tax accounting still a leading cause for financial restatements and material weaknesses, a purpose-built tax provisioning application can materially decrease accounting close cycles while delivering increased accuracy and transparency.

This white paper highlights:

• The problems caused by using spreadsheets for tax provisioning
• The advantages provided by aligning financial reporting and tax provisioning