Tax organizations are tasked with completing multiple processes each year, and many of those processes are completed with a different type of technology. The output of one process is used to kick off another process, however often those tool aren’t linked. A lot of time is spent manually reentering the information, and when you add in the time it takes to correct natural human error, there is huge room for improvement through automation.
In an effort to streamline the multiple processes, PwC created the Tax Operations Management System (TOM) Enterprise portal. This Portal allows organizations to input data one time, complete their processes in the respective technologies, and pull the output from the end of one process to the start of another. It’s a compliance tax reporting portal.
TOM Enterprise gives organizations improved visibility into the tax reporting process to move toward targeted completion dates efficiently with real-time collaboration. It stores tax data and deliverables in one place— which makes it easier to access certain archived information and defend tax positions. The Portal delivers improved quality of data and calculations through version control and reduced touches of data. Organizations experience less time spent on data manipulation and integration and improved cycle time.
For more information and to request app credentials - please visit the link below: http://www.pwc.com/us/en/tax-reporting-performance-improvement/index.jhtml
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Features:
- Tax Compliance Reporting
- Tax Data Integration
- Tax Data Reporting
- Tax Data Mart