Income Tax 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.

Whether you are a multinational organization or a company with operations in North America, Vertex has business income tax software with provision solutions to meet your needs. Vertex Provision Global Tax Office (decentralized tax processes) and Vertex Provision Central Tax Office (centralized tax processes) provides tax professionals with the tools to greater control and transparency by automating and standardizing their provision process.

Vertex® Provision Global Tax Office™ (GTO)

Provision with Vision
Vertex Provision Global Tax Office (GTO) provides multinational corporations with web-native, enterprise-scale income tax provision software that transcends the limitations of existing products and effectively addresses the numerous demands confronting tax practitioners today.

Vertex Provision GTO offers an enterprise-scale (yet locally adaptable) solution, web-native design from the ground-up, interim and year-end capabilities, dual ledger functionality and the ability to automate and standardize the end-to-end provision process.

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
IT Independence as all provision tasks are accomplished via Web browser
Ease of use with intelligent training modules so non-experts can manage the provision process

Features

Tax accounting sub-ledger that calculates provisions and produces tax journal entries
Fully supports ASC 740-270 (formerly APB 28/FIN 18) interim and ASC 740 (formerly FAS 109) annual global provisioning and related tax disclosures
Dual ledger capability to track local statutory accounts, statutory to GAAP adjustments, reported GAAP, and related tax provisions
Flexible mapping and supports export of trial balance and book-tax differences to all U.S. and non-U.S. compliance systems
Data collection of all book trial balances
Automation of book-tax adjustments
Calculation of current and deferred provisions by legal entity
Producing tax journal entries and tax account reconciliations by legal entity
Consolidating and reporting the required tax disclosures in a single comprehensive solution

Learn more about Vertex Provision Global Tax Office or contact us today.

Vertex® Provision Central Tax Office™ (CTO)

Vertex Provision CTO fulfills the U.S., federal and state provisioning needs for centrally managed income tax departments by including current and deferred provision expenses, effective tax rate reporting, and direct integration and reconciliation.

Benefits

Reduced Risk: Streamlined integration of general ledger and adjustment data reduces manual data transfer and the room for error.
Audit Defense: The robust documenting capabilities of CTO produce not only your required provision statements, but also supporting detail required by state and local auditors.
Unparalleled Security: The robust security model included in this business income tax software provide task and activity access to actions such as import, calculation, and adjustments. Data refresh checkpoints ensure that reviewed and processed data does not change
Advanced Reporting: All reports and results are stored in the Vertex Provision CTO database allowing data to be automatically recalled or rolled forward and reused

Features

Adjustment formula builder that enables you to create adjustments and reuse account detail from period to period
Calculates current and deferred provisions for U.S. and non-U.S. entities
Tracks cumulative temporary differences, credits, deductions, and valuation allowances
Calculates and reconciles your effective tax rates
Comprehensive reporting support for FAS 109 and internal audit needs
Supports state-by-state and country-by-country reporting
Drill through multiple levels of data to the source of the adjustment

Learn more about Vertex Provision Central Tax Office or contact us today.