Highlights Tax provision technology is improving, but errors and delays still concentrate in the handoffs surrounding the calculation. Tax departments spend 56% of their time on reactive work, showing the real bottleneck lies outside the provision engine itself. Connected platforms like ONESOURCE Data Hub move data from ERP through provision to compliance without manual re-entry or reconciliation. To dig deeper, visit the original article on the Thomson Reuters blog.

Connected tax provision: Why the calculation is only the beginning - Tax planning & Preparation - Tax, Audit & Acctg

Nageshwaran Gopal 24 days ago

Highlights

Tax provision technology is improving, but errors and delays still concentrate in the handoffs surrounding the calculation.
Tax departments spend 56% of their time on reactive work, showing the real bottleneck lies outside the provision engine itself.
Connected platforms like ONESOURCE Data Hub move data from ERP through provision to compliance without manual re-entry or reconciliation.

To dig deeper, visit the original article on the Thomson Reuters blog.