OneStream Tax Provision
Unify, automate, and streamline global tax provision for confident financial reporting.
Executive Summary
OneStream Tax Provision is a purpose-built solution integrated within the OneStream Intelligent Finance Platform, designed for large organizations with complex financial structures and global operations. It automates and streamlines corporate tax management, replacing fragmented, spreadsheet-driven processes with a unified environment for financial consolidation, reporting, and tax provisioning. The platform's core value lies in leveraging existing financial data to ensure consistency, accuracy, and auditability, enabling finance teams to focus on strategic analysis rather than data manipulation.
Use Cases
- Automating quarterly and annual tax provision calculations for global entities.
- Ensuring compliance with IFRS, US GAAP, and local tax reporting standards.
- Performing Country-by-Country Reporting (CbCR) and Pillar 2 calculations.
- Analyzing effective tax rates (ETR) and managing deferred tax assets and liabilities.
- Streamlining the return to provision true-up process.
- Reducing manual effort and errors in tax data collection and reconciliation.
Features
Visibility
- Full Drill-Down Capability: Allows users to drill down from reports to the initial data load or input, providing complete transparency and auditability.
- Configurable Dashboards & Ad Hoc Analysis: Offers customizable dashboards and ad hoc analysis tools, including Excel-based reporting and pivot grids, for deep insights into tax data.
- Integrated Reporting: Unifies financial and tax reporting, enabling the generation of consolidated and statutory ETR, footnotes, and management reports from a single source.
- Microsoft Office Integration: Seamlessly integrates with Microsoft Office products to automate the creation and distribution of presentations, documents, and regulatory filings.
- Guided Reporting: Provides an intuitive, user-friendly report viewing experience by consolidating dashboards, cube views, and reports into a single, accessible location.
Intelligence
- Automated Tax Calculations: Automates complex current and deferred tax calculations, including those for Pillar 2 and CbCR, reducing manual effort and errors.
- AI Anomaly Detection: Utilizes AI to detect unusual patterns or outliers in transaction data, helping finance teams identify and correct issues before the financial close.
- Machine Learning Scenario Modeling: Enables AI-driven 'what-if' forecasting scenarios to analyze the impact of various business drivers on tax-related financial metrics.
- Rules-Driven Data Validation: Applies configurable rules to validate data inputs, ensuring accuracy and consistency across all tax calculations and reports.
- Unified Data Quality Management: Leverages the platform's built-in financial data quality capabilities to automate and streamline tax data collection and validation.
Support
- Comprehensive Workflow Management: Provides robust workflow capabilities with certification steps and audit trails to manage the entire tax provision process.
- Partner Network Support: Access to a global network of implementation and support partners specializing in OneStream solutions and tax processes.
- Online Community & Resources: Access to a community portal, documentation, and instructional guides for self-service support and best practices.
Technical Specifications
- Architecture
- Microservices-based architecture with a single data model and Extensible Dimensionality.
- Deployment
- Cloud/SaaS
- Authentication
- SSO, SAML 2.0, MFA, OAuth 2.0
- API Available
- Yes
- MCP Server
- No
Infrastructure
- Azure
AI/ML Stack
- Machine Learning
- AI Anomaly Detection
- Generative AI
Security & Compliance
Certifications: SOC 2 Type II, FedRAMP
Encryption: AES-256 at rest, TLS 1.2+ in transit
Pricing
- Model
- Custom enterprise subscription
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Multi-year discounts available
- Free Trial
- No (credit card required)
Ratings & Reviews
G2: [object Object]/5 · Capterra: [object Object]/5 · Gartner: [object Object]/5
About OneStream
OneStream Software is an independent software company that develops a unified Corporate Performance Management (CPM) platform, offering solutions for financial consolidation, reporting, budgeting, and forecasting. Founded in 2010, the company serves over 1,400 clients globally, including major corporations like Toyota Motor, UPS, News Corp, and General Dynamics. In 2019, private equity firm KKR acquired a majority stake in OneStream, valuing the company at over $1 billion at that time. The company went public in July 2024, listing its shares on Nasdaq under the ticker symbol 'OS'.
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