Tax Provision
Conquer Tax Provision Challenges
The corporate income tax provision is the tax department’s most complex and important calculation. Depending on processes using manual spreadsheets can be time-consuming and prone to error. CrossBorder Tax Provision streamlines the provision process, saving tax professionals days or weeks of time, ensuring greater accuracy and traceability of calculations, and enabling them to be more strategic—all while giving them complete control and ownership of the data.
Take Your Tax Provision to the Next Level
Despite the income tax provision’s complexity, roughly 80% of tax departments are still employing Excel to execute the calculation. Which means that 80% of tax departments are working in an uncontrolled environment, compromising the integrity of their data, and making the calculation susceptible to inaccuracies.
CrossBorder Tax Provision bypasses the usual Excel roadblocks—broken links, data-entry errors, workbooks that don’t flow seamlessly—and helps automate the book-to-tax process, computes complex calculations swiftly and accurately, and produces audit-ready standard reports, including the a detailed tax account roll-forward (TARF).
Solution Features
Simplified Implementation and Intuitive Ease-of-Use
Many tax provision software solutions on the market can take months to implement—and then once you’re ready to go, the technology is so complicated it practically requires a degree in software engineering to use it. CrossBorder Tax Provision is intuitive and user-friendly—with just an hour of training, you’ll be able to use the software on your own.
Smooth data imports speed up the implementation process, and instead of months, implementing your prior year financial data takes only weeks. Our transparent, custom pricing opens the door to all of the software’s functionality, and implementation options are available for every budget.
Ease-of-use
From data imports all the way through to reporting, CrossBorder Solutions provides streamlined, simple navigation in an intuitive, user-friendly tool. Our Excel add-in allows trial-balance data to be pulled from a user’s accounting system and pushed in the software with a few simple clicks.
Traceability
The software offers complete transparency in system calculations—every calculation performed by the software, both in-line and on reports, is visible. Hover over amounts and you can trace calculations back to the original source to see how they are executed, without the hassle of maintaining a parallel Excel workbook.
Analytic insights
Trend Analysis allows you to compare your company’s effective-tax-rate drivers in the current period to any previous period. Easy-to-read dashboards provide critical information at a glance. Want to bring your ETR down? Use the ETR Analyzer to create “what if” scenarios around your effective tax rate for strategic planning.
Audit-ready reporting
CrossBorder Tax Provision bypasses the usual Excel roadblocks—broken links, data-entry mistakes, cumbersome processes—and helps automate the book-to-tax process producing audit-ready standard reports, including a detailed tax account roll-forward (TARF). Accurate calculations are guaranteed.
Robust dashboards
Easy-to-read dashboards allow you to view KPIs by entity at a glance. Want a closer look at a company’s deferred assets and liabilities? Click on it and the software homes in.
Automation
CrossBorder Tax Provision automates the book-to-tax process, computes calculations accurately, and produces audit-ready standard reports, including a detailed tax account roll-forward (TARF). Tax rates and foreign exchanges rates automatically update, and the software proves out deferred tax balances.
Customized reporting
CrossBorder Tax Provision offers the flexibility to run reports by entity or by a customized group. View them in the cloud-based software or export to Excel.
Tech and Training
CrossBorder Solutions’ experts provide training on how to use the provision software and will seamlessly implement your financial data into the software to ensure your success. Given the software’s user-friendly navigation, we estimate that with one hour of training, you will be able to use the software on your own. But our experts offer support whenever you need it.
Book a demo today
Take control of your provision process. Book a demo and discover how CrossBorder Solutions’ provision software can save your company time, money, and streamline your tax provision.
