Tax Provision Technology Tools: What Latest Innovations Should You Consider?
Tax provision technology vendors are listening to their clients, and the product landscape is evolving quickly. Vendors have worked on material weakness remediation projects and, as a result, have built additional risk controls into their products. Recognizing that data is the foundation to accurate tax calculations and the tax lifecycle as a whole, tax provision technology vendors have improved database capabilities and made other enhancements that facilitate data connections that were not possible in the past.
In a new report, Deloitte reviews:
- Some of the latest developments in tax provision technology.
- Features of current packages.
- Specific considerations for tax provision software selection, including a scorecard that can help navigate multiple options.
The report also includes responses to polling questions posed to executives during a Dbriefs webcast on the effectiveness of their tax department's provision process, extent to which their tax compliance and provision processes are integrated, and challenges of their tax accounting process.
Download the full report at the bottom of the page to learn more.