A new era of efficiency: Sumitomo Corporation of Americas corporate tax evolution

In today’s global business landscape, efficiency and accuracy in tax compliance are essential for multinational organizations. For Sumitomo Corporation of Americas (SCOA), a company with operations spanning nearly every industry, the complexity of tax compliance is heightened by its broad reach and diverse subsidiaries. With a parent company in Japan and a tax team responsible for U.S. compliance, consolidation, planning, audit, and consulting across the Americas, SCOA must ensure its processes are streamlined, automated, and visible. These capabilities are critical not only for compliance but also for supporting business growth and agility.

SCOA is a global enterprise with a presence in nearly every sector. The tax department acts as a service center for the United States, handling everything from general tax entries to tax return preparation and provision preparation. Their responsibilities include tax compliance, audit, planning, consulting, and oversight for the Americas, including Canada, Mexico, and South America. Managing this complexity requires robust systems and processes to ensure accuracy and streamlined performance.

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