Customer insights: How CCH Integrator meets modern tax challenges

4. In platform validation for filings, including lodgment directly with the Australian Taxation Office (ATO)

For organisations with a presence in Australia, the CCH Lodgment Portal saves customers time and effort, enabling users to lodge income tax returns, Business Activity Statements and Australian Local Files’ directly to the ATO via Standard Business Reporting (SBR).

CCH Integrator has fully interactive and integrated validation rules within the workflow of modules, making it easy for customers to find and resolve any errors before submitting the return to the ATO, eliminating frustrating backtracking, timely and sometimes costly troubleshooting, and resolution.

5. Simplified and automated currency conversion across multiple jurisdictions

CCH Integrator standardises tax reporting in multiple jurisdictions. On the basis that most multinational organisations report in both local and international reporting currencies, CCH integrator has robust currency conversion that reconciles back to underlying financial reporting systems. Customers benefit from greater efficiencies, with the ability to create calculations in the local currency and then seamlessly convert into the reporting currency in platform. CCH Integrator also prompts users to “refresh” the currency conversion where data in the local currency workbook has been modified.

6. Upload Trial Balance Data into multiple entities simultaneously

CCH Integrator provides customers with a number of options to upload the source data required to complete tax calculations.

The bulk upload process automates the loading of trial balance data for multiple entities into CCH Integrator and automates the creation of workbooks for the applicable period. Users can choose to use the bulk loading approach where many entities share the one source accounting system. The bulk upload process can also be run manually or automated without human intervention.

7. Integrity in data input and mapping templates

CCH Integrator is Enterprise Resource Planner (ERP) agnostic. Input Mapping allows users to define and maintain mapping rules between any general ledger account and CCH Integrator.

CCH Integrator’s mapping template enable users to consistently apply mapping rules over reporting periods or across different entities within a group. If more than one general ledger system is used within the group, templates can be defined for each of the systems and automatically applied to the relevant entity(s) within the group.

8. Ability to automatically compare financial position with tax summary schedule

By accessing the Tax Accounting Summary Schedule, customers can view a comprehensive summary of the selected entities tax effect accounting position which is automatically updated. It provides a full reconciliation of each P&L and balance sheet tax account from opening to closing balance, as well as details supporting the current year movements. CCH Integrator’s tax accounting engine then automatically compares the calculated closing tax balances against the position in general ledger to generate the period-end tax journal posting for the customer.

9. Alignment to changing regulations with tax technology innovation

Technology for tax professionals by tax professionals. Many of our customers feel confident partnering with Wolters Kluwer as leading experts at the forefront of tax solutions and innovation. CCH Integrator is built with low code technology, giving the platform a unique advantage to swiftly adapt to emerging local and global regulations and reporting requirements.

A prime example of first to market innovation is the recent release of the CCH Integrator BEPS Pillar Two solution. As BEPS Pillar Two regulations evolve, Wolters Kluwer is simultaneously building the CCH Integrator BEPS Pillar Two solution and working with BEPS Pillar Two experts from multiple global service firms to ensure accurate tax technical application. Through formal and informal programs, customers can use CCH Integrator’s Pillar Two solution to evaluate their operational readiness and impact of Pillar Two.

“The product looks impressive, this is awesome” – Louie, Tax Manager

“Incredibly complete product which can be used now” – Gary, Tax Manager

“The rule tracker will be my first point of call” – John, Tax Director

The proof of excellence is evident in the multiple awards achieved, with Wolters Kluwer TAA Asia Pacific recently earning two Gold Globee® Awards for CCH Integrator in the Financial Services category.

And last but not least…

10. Friendly, timely, reliable and professional customer support

Our customers regularly share positive feedback on the outstanding customer support and training resources they receive from our team, helping them to maximise the potential of CCH Integrator in their business.