For decades, spreadsheets were the tool of choice for managing tax provision because they were the most practical option available.
Today, however, there are affordable purpose-built tax planning and provision applications that can accelerate the accounting close and provide a high degree of transparency to the tax provision process.
Not all tax provision software is alike, however, so it’s important to understand the application’s structure to ensure it meets a company’s functional, ease-of-use and ease-of-maintenance requirements.
Read this Ventana Research Persepective to Learn:
- The key reasons tax planning and reporting are getting increased attention
- Why spreadsheets fall short when it comes to tax provision and analysis
- The advantages of purpose-built tax provision applications which are integrated with financial consolidation and reporting