New solution bridges the gap between financial and group tax reporting
Wolters Kluwer, a global leader in information, software, and services for professionals, today announced that it has launched CCH® Tagetik Tax Provision & Reporting. This new solution supports companies that are seeking to streamline group tax provision and accounting processes by integrating and bridging the gap between financial and tax reporting.
CCH Tagetik Tax Provision and Reporting supports finance and tax leaders of multinational companies in augmenting their scope by offering data collection and group tax provision calculations (including current, deferred, effective tax rate), and by enabling group tax reporting for financial consolidation figures.
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Ralf Gärtner, Senior Vice President and General Manager of Corporate Performance & ESG, Wolters Kluwer, said: “Companies are seeking advanced technology solutions to enable them to transform their approach to tax and financial reporting. We are committed to continuously developing innovative and integrated technologies to support the Office of the CFO. This new solution enables finance and tax leaders to harness the AI capabilities of our Intelligent Platform to drive efficiency for group tax provisioning and to streamline integration with core financial processes.”
CCH Tagetik Tax Provision & Reporting leverages the AI capabilities of the CCH Tagetik Intelligent Platform, which are designed with the intent to digitally transform the efficiency, accuracy, and strategic ability of the Office of the CFO.
Key features of the new solution include:
- Enhanced data governance and process management, leveraging advanced analytics and data management technology for control at the group level.
- A unified accounting and tax model that facilitates consistency across borders.
- Streamlined data entry and commentary capabilities, for efficiency and auditability.
- Comprehensive dashboarding and reporting capabilities that align tax processes with financial operations for strategic decision-making.
The launch of the new tax solution is the latest corporate tax innovation from CCH Tagetik, following the launch of CCH Tagetik Global Minimum Tax solution in 2023, which was recognized by the Software & Information Industry Association (SIIA) as the best financial management solution and by the Business Intelligence Group as the new product of the year.
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