EY Tax Technology and Transformation (TTT) - Tax Provision
Integrate, automate, and enhance tax provision reporting for global compliance.
Executive Summary
EY Tax Technology and Transformation (TTT) offers advanced technology solutions specifically designed for tax provision processes. These solutions focus on integrating diverse financial data sources, automating complex tax calculations, and enhancing the accuracy and efficiency of reporting for both current and deferred income taxes. The goal is to streamline the entire tax provision lifecycle, ensuring robust financial reporting and compliance with global tax regulations. The platform supports multinational corporations in managing their tax obligations by providing tools for data aggregation, calculation, and analysis. It helps organizations navigate the complexities of international tax laws and accounting standards, reducing manual effort and the risk of errors. By leveraging technology, EY TTT aims to deliver greater transparency and control over tax provision processes, enabling businesses to make informed decisions and meet their reporting deadlines effectively.
Use Cases
- Automating current and deferred income tax calculations for financial reporting.
- Ensuring global tax compliance and accurate financial statement disclosures.
- Integrating financial data from various enterprise systems for tax provision.
- Streamlining the tax provision reporting process to meet deadlines.
- Reducing manual effort and errors in tax accounting and reporting.
Features
Visibility
- Real-time Tax Position Visibility: Gain immediate insights into current and deferred tax positions across all entities and jurisdictions.
- Integrated Data View: Consolidated view of financial and tax data from disparate sources for comprehensive analysis.
Intelligence
- Automated Tax Calculations: Leverage AI and rules-based engines to automate complex tax provision calculations, reducing manual effort and errors.
- Scenario Modeling: Model various tax scenarios to assess potential impacts on financial statements and strategic decisions.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Security & Compliance
Certifications: SOC 2, ISO 27001
Encryption: Data encrypted in transit and at rest using industry-standard protocols.
Pricing
- Target Customer
- Enterprise
About EY
EY, formerly Ernst & Young, is a British multinational professional services network based in London, United Kingdom. It provides assurance, tax, strategy, transaction, and consulting services, aiming to build a better working world by helping clients build trust and confidence in capital markets.