What they’re saying Success stories from ONESOURCE customers

Customer Perspectives on Year End Tax Provision

As corporate tax departments are often pressured to squeeze more out of less, whether it be savings in time, money, or delivering more accurate information, the need for accuracy and efficiency is more important than ever.

Click on the frames below to reveal the feedback we gathered from over 200 ONESOURCE Tax Provision clients following their year-end close. You’ll hear direct feedback on amazing moments they were able to achieve this year during crunch time.

I worked until late into the night for weeks and was frequently looking for someone or something to provide me with a shoulder to lean on. ONESOURCE became that shoulder I was looking for and filled a void no other software had ever filled.

Filled a void no other software had ever filled.

ONESOURCE is an efficient way to keep track of both current year activity and the gross balance of the deferreds. It saves a lot of time in terms of pulling information from the system and it also eliminates the problem of having wrong formulas in Excel.

Eliminates the problem of having the wrong formulas in Excel.

Great tool for consolidation and saved time for rate reconciliation.

Great tool for consolidation and saved time for rate reconciliation.

ONESOURCE automated about half of the M-adjustments and makes it much easier to manipulate filing groups. Very efficient!

Makes it much easier to manipulate filing groups-very efficient!

Since we have switched over our process definitely involves much less swearing and late nights.

Our process definitely involves much less swearing and late nights.

No more 1 o’clock in the morning donut and coffee runs! The product has certainly sped up the international side of our provision process, as well. And as a company that is growing each and every year in the international arena, this is a huge plus.

No more 1 a.m. donut and coffee runs!

Both the Global Access module and ONESOURCE Uncertain Tax Provision have vastly improved our ability to collect important tax data from our local units located across the globe. Through the use of Tax Data Manager and ONESOURCE Tax Provision, we have enhanced our US tax return process and US Tax Provision calculation.

Vastly improved ability to collect important tax data from our local units across the globe.

The Excel Add-In feature saved us at least two days of time during our year-end close. Extremely helpful product and if there are any changes, it’s very easy to upload them into the Provision software. Manually, it would take a lot longer to make any necessary changes.

Saved us at least two days of time during our year-end close.

We spent much more time on the journal entries that now are produced in less that a minute.

Journal entries are now produced in less than a minute.

We are heavy users of the ONESOURCE suite and the product helps us to develop processes that allow us to be efficient and adapt to the frequent changes within the financial data. Our use of the Active Workpapers allows us to automate many calculations and frees up our time to work on higher level calculations.

Allows us to be efficient and adapt to the frequent changes within the financial data.

We are able to complete a detailed quarterly close within a couple days due to the automation we have with ONESOURCE.

Able to complete a detailed quarterly close within a couple days.

ONESOURCE aided in speeding up reporting and automation of current provision and deferred calculations

Aided in speeding up reporting and automation of current provision and deferred calculations.

Automation helped reduce substantial time spent on manual data entry into excel spreadsheets.

Helped reduce substantial time spent on manual data entry into excel spreadsheets.

ONESOURCE allows us to not only reduce the time needed for financial close, but it allows us to very quickly and easily make changes if the books change. We have been able to make changes in less than an hour after a preliminary tax provision has been created.

In addition, since it integrates with our tax prepartion software, we are able to use the provision data as a starting point for our tax return process. This saves us time and helps to ensure the accuracy and completeness of our data.

Able to make changes in less than an hour after a preliminary tax provision has been created.

ONESOURCE allows us to not only reduce the time needed for financial close, but it allows us to very quickly and easily make changes if the books change. We have been able to make changes in less than an hour after a preliminary tax provision has been created.

In addition, since it integrates with our tax prepartion software, we are able to use the provision data as a starting point for our tax return process. This saves us time and helps to ensure the accuracy and completeness of our data.

Saves us time and helps to ensure the accuracy and completeness of our data.

I’m happy with the experience. Having a program that carries over the deferred balances is a huge time-saver.

Having a program that carries over the deferred balances is a huge time-saver.

ONESOURCE allows for easy and quick updates of reports when amounts change. ONESOURCE is a great way to keep track of the company’s deferred items

Great way to keep track of the company’s deferred items.

Despite having to complete tax provisions for two consolidated filing entities, with a combined 57 separate companies contained within them, our tax group was given 3 days to complete this daunting task. Due to the advanced capabilities and ease of use that ONESOURCE Tax Provision provides, we were able to provide management with the information that they requested and satisfy auditor requests easily. Thank you ONESOURCE for helping to make the year end process a breeze!

Able to provide management with the information that they requested and satisfy auditor requests easily.

Despite having to complete tax provisions for two consolidated filing entities, with a combined 57 separate companies contained within them, our tax group was given 3 days to complete this daunting task. Due to the advanced capabilities and ease of use that ONESOURCE Tax Provision provides, we were able to provide management with the information that they requested and satisfy auditor requests easily. Thank you ONESOURCE for helping to make the year end process a breeze!

Helping to make the year-end process a breeze!

ONESOURCE Tax Provision made it much easier for our process especially for different reporting package purposes.

Made it much easier for our process especially for different reporting package purposes.

Contact Sales