Vertex Tax Accounting was designed with global complexity in mind, to improve control of processes, reduce the risk of accounting error, facilitate better overall reporting, and enable advanced tax planning strategies.
You can automate complex data acquisition, systematically convert financial data into tax data, and maintain a fully auditable history of the tax-sensitized trial balance content. The system computes a quarterly and year-end global income tax provision for each legal entity by jurisdiction, by accounting standard, and by currency. And automatically generates the required journal entries. It even allows for the import of tax journal entries back into your data sources. All from a user-friendly cloud-based solution.
This data-centric solution enables your business to leverage a single source of tax-sensitized data not only for provision but for downstream tax processes including compliance, audit defense, and planning.