Tax Prodigy Provision

Web-based ASC 740 income tax provision solution for mid-market with audit logs & access controls.

by Tax Prodigy · Tax Provision

Executive Summary

Tax Prodigy Provision is a specialized web-based solution designed to streamline and automate the ASC 740 income tax provision process. Tailored specifically for mid-market companies, it addresses the complexities of tax accounting and reporting, ensuring accuracy and compliance with financial reporting standards. The platform offers robust features crucial for tax departments, including comprehensive audit logs that track all changes and activities, providing transparency and supporting audit readiness. Additionally, it incorporates advanced access controls, allowing organizations to manage user permissions effectively and safeguard sensitive tax data, thereby enhancing security and operational integrity.

Use Cases

  • Preparing quarterly and annual income tax provisions (ASC 740)
  • Ensuring compliance with tax accounting standards and regulations
  • Streamlining tax provision calculations and reporting processes
  • Managing tax data with comprehensive audit trails for transparency
  • Facilitating secure collaboration among tax teams with controlled access

Features

Visibility

  • Intuitive Web Interface: Access and manage tax provision data from any web browser with a user-friendly interface designed for tax professionals.
  • Provision Status Tracking: Monitor the progress and status of tax provision calculations and reporting cycles in real-time.

Technical Specifications

Architecture
Web-based SaaS architecture
Deployment
SaaS

Pricing

Starting Price
Contact sales
Target Customer
Mid-Market

About Tax Prodigy

Tax Prodigy was a corporate income tax technology company specializing in ASC 740 calculations (income tax provisions). Its flagship product, Tax Prodigy Provision, offered a simple, powerful, and fast solution for tax professionals. The company was acquired by Bloomberg Industry Group for its Bloomberg Tax & Accounting division.

Headquarters: Minneapolis, USA · Private

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