Vertex Provision Solutions
In a business environment of increasing complexity, greater regulatory scrutiny, tighter deadlines and heightened risk, tax professionals are being asked to assure accuracy in less time and with fewer resources.
Vertex Provision is designed to simply your provision process. Whether you start your process with detailed general ledger account data or with summarized income, Vertex Provision provides the flexibility to you get started at your desired level of detail.
Benefits
- Seamless information sharing that reconciles all tax accounts to general ledgers for each legal entity
- Scalable to grow as your business needs change
- Enhanced security to ensure data integrity
- Automates and standardizes the end-to-end global provision process
- Reduces risk with streamlined integration of general ledger and adjustment data by reducing manual data transfer and room for error
- Audit defense through robust documenting capabilities to produce not only your required provision statements, but also supporting detail required by state and local auditors
- Advanced reporting with all reports and results stored in the Vertex Provision database allowing data to be automatically recalled or rolled forward and reused
Features
- Supplying tools to help manage book to tax adjustments when recording permanent and temporary differences
- Calculating current and deferred provisions for U.S. and non-U.S. entities
- Supporting U.S. GAAP, IFRS, and other global accounting standards
- Tracking cumulative temporary differences, credits, deductions, and valuation allowances
- Calculating and reconciling your effective tax rates
- Providing comprehensive reporting support for footnote disclosure and internal audit needs
- Supporting state-by-state and country-by-country reporting
- Reconciles all tax accounts to general ledgers for each legal entity
- Automating book-tax adjustments
- Producing tax journal entries and tax account reconciliations by legal entity
With Vertex Provision as part of our line of integrated income tax provision and compliance solutions, Vertex offers one of the most comprehensive suites of global income tax solutions in the industry.
Learn more about Vertex Provision or contact us today.