CCH Tax Integrator enhances the efficiency, integrity and quality of company's tax obligations
CCH, a Wolters Kluwer business and global leader in tax, accounting and audit information, software and services for professionals has improved the efficiency and reporting cycle times for taxation compliance for a multinational pharmaceutical company based in Australia. By exchanging static spreadsheets with the web-based secure CCH Tax Integrator corporate tax compliance software, the tax compliance process from internal input to review by corporate tax agents and submission has become more efficient, with greatly improved reporting times.
CCH Tax Integrator – proven and trusted by industry leaders across Australia and New Zealand – assists corporations in gathering, analyzing and interpreting tax-sensitive data. Unlike other solutions in the market, CCH’s automated corporate tax compliance software is extremely easy to use, highly flexible and integrated across other in-house finance systems. It helps businesses in Australia and New Zealand successfully manage their corporate reporting function by focusing on reducing effort, reducing risk and increasing integrity – which means more time for strategic tax planning and confidence in the numbers produced.
According to Managing Director of CCH Corporate Reporting Solutions Peter Boyle: “One of the core benefits of using CCH Tax Integrator with existing financial systems is removing the need to duplicate data. This allows small tax teams to focus on providing quality data rather than the time consuming manual process of preparing returns that may inadvertently lead to errors that are difficult to find.
“With the use of CCH Tax Integrator, advanced and automated technology provides much deeper insight into tax data and provides a more efficient and accurate compliance process.”
The two-person tax team was previously meeting its corporate tax obligations via the sole use of manual spreadsheets and found that this was time consuming, daunting and dangerous because of the level of input needed, potential error rate in calculations and understanding of corporate tax legislation and practice for compliance.
With the implementation of CCH Tax Integrator a clear questionnaire and checklist methodology was introduced to now ensure that all relevant data is captured and reported.
For the company’s Finance Manager the ease of use with the new solutions the automation of processes and calculations has been of particular benefit, while the regular legislative updates to the web-based software interpret changes in processing needs, saving considerable time in recalculating assessments.