“I would say that ONESOURCE has helped to add consistency to our year-end process.“ –Andrea Smith, Senior Tax Analyst, SES Americom Inc.
Andrea Smith, Senior Tax Analyst, SES Americom, Inc. explains how her tax department initially had difficulty getting their provision done in a consolidated manner. After utilizing ONESOURCE, she was able to generate self-reconciling tax provision reports in real time, which allowed her to be confident in the accuracy of the reports needed for both her corporate headquarters in Luxembourg and auditors.
“The amount of money that we save in time spent just to get the basics done is huge and the secondary benefit is saving money during our audits. I think that we will have a much lower chance of making an error through the automation process and the fact that we have more time to analyze our trial balances is a big benefit.”
Andrea’s Year-End Best Practice Tip of the Day:
“Running Microsoft® Excel and ONESOURCE Tax Provision parallel gave me a great opportunity to double check myself. If my tax provision was not identical in the two models I had to investigate why there was a difference. 99% of the time it was either my mistake or a spreadsheet formula error.”
Like her story? Vote by clicking “Like” on her story (log in to your Google account) and help her win an iPad.
Have your own year-end best practice tips? Tell us your year-end success story today by emailing: firstname.lastname@example.org. The best stories will be highlighted in the showcase!
Read the other year-end success stories:
- How The Cheesecake Factory Saved One Week During Year-End
- How to Produce Better Quality Reports During Year-End
- How Intermec Sped Up Their Provision By 2 Weeks