Streamline, Improve, and Control Your Tax Provision Process
Leverage OneStream platform capabilities to align data, minimize reconciliation, automate reporting and export data to tax compliance systems
Streamline
Eliminate spreadsheets and disconnected point solutions. Automate and streamline tax provision data flows and reporting.
Improve
Report consolidated and statutory Effective Tax Rate (ETR), generate footnotes and management reporting.
Control
Tax can control its own data and process separate from Finance—at the same time getting access to finance data when required.
Unified Data Collection
Automate and streamline tax data collection and validation and ensure consistency in tax calculations.
- Leverage the same trial balance load for tax provisioning as for financial reporting.
- Collect supplemental data through standardized data entry forms using a single point of entry.
- Apply standard repeatable tax provision calculations that can be extended to suit your company’s needs.
Data Alignment and Validation
Leverage a unified platform to minimize reconciliations. Automate reporting and export data to tax compliance systems.
- Configurable input forms for tax rates, payments, and refunds, tax attribute detail, return to provision, current provision, deferred tax roll-forward, and tax account reconciliation.
- Data exportable to tax compliance systems and importable from tax compliance to facilitate the return to provision true-up.
Reporting & Analytics
- Configurable dashboard visualizations to provide deep analysis of ESG data and turn it into valuable information and insights.
- Ad Hoc Analysis via Excel & in-built Spreadsheet Component and pivot grids.
- Integration with MS Office products – produce & distribute ESG PowerPoint packs, Word Docs and pdfs with ease.
- Data Blending supports reporting on high volumes of non-financial data.
Tax Provision Solutions
Hub – Financial Close & Consolidation
Financial Data Quality Management
Financial Reporting & Analytics Software
Account Reconciliations Software
Tax Provision Resources
OneStream Tax Provision Implementation
Tax Automation and Innovation – Optimising OneStream for Pillar 2 and Tax
Selecting the Right Tax Provision Software
View blog postFAQs About Tax Provision
A tax provision is the estimated amount a company sets aside to cover its income tax liability for a specific period. It ensures accurate financial reporting and compliance with tax regulations.
