Taxologists are a Different Breed
As a computer programmer turned Taxologist, Tom understands how to use logic to solve tax problems simply. Today, he is the Tax Technology Manager for Ingersoll Rand. Tom Weippert’s interest in computer systems began at a young age. In 1984, computers were just starting to take hold. At that time, Tom was deciding what route to take in college. After taking an aptitude test, his high school counselor told him he was best suited for a career in medicine or computers. Given his budding interest in computer science and dislike for needles, Tom’s career path became clear.
While majoring in computer-based systems management, Tom learned all of the programming languages that were popular at the time, many of which evolved into the code that is used today. During college, Tom landed a job as a temp at AT&T Credit. Once he graduated, he was offered a full-time job as a programmer analyst and system facilitator for the AT&T Credit finance department. In addition to programming, Tom managed the software and systems used by Planning, Treasury, Tax and Accounting—a key stepping stone on his journey to becoming a Taxologist.
Computer science is a top-paying college degree and computer programming jobs are growing at 2X the national average
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In the early 1990s, Windows was gaining popularity and opened opportunities for better programming. At that point, Tom combined his programming and tax knowledge to move AT&T Credit’s sales and use tax and property tax processes from a DOS Lotus-based environment to vendor-based graphical software. From there, he became more involved in property tax and compliance activities and did the same for those areas. Because Tom was fluent in not only computer programming, but finance and tax, his career really began to take shape.
Make sure you don’t bury your head in the sand. The decisions you make now will affect what happens down the road.
In 2000, AT&T Credit / Newcourt was bought by CIT. Tom then shifted his focus to process automation and stability of tax data. He received broad exposure by managing both indirect and property tax, the compliance filing function, and even started to get his feet wet in provision.
In 2009, Tom joined Verizon as a consultant to help implement ONESOURCE Provision. During this large-scale, high-profile project, Tom saw firsthand the opportunity for tax to have a seat at the table with upper management.
Technology is constantly in motion.
In 2010, Tom joined Ingersoll Rand in his current role as Tax Technology Manager. He was the first to take on such a role at the burgeoning company. He was fortunate to join a team of fellow Taxologists that were just as passionate about changing the status quo. At the time, many of the tax processes were maintained on spreadsheets and shared drives, and the Tax Software was managed by knowledgeable Tax Accountants but with varying approaches. Combining logical problem-solving ability from the team along with IT-based controls and change management, they were able to simplify what was a very complex and manually extensive process with tax technology. They developed processes for ONESOURCE Tax Provision and implemented ONESOURCE DataFlow and ONESOURCE Uncertain Tax Positions to completely automate and standardize the company’s tax provision and data collection processes.
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With more than 400 international reporting units and 120 domestic reporting units, Ingersoll Rand had a lot of tax data to collect.
International Reporting Units
Domestic Reporting Units
With ONESOURCE DataFlow, 300 different spreadsheets were consolidated into one template, dramatically saving time, money, resources, and greatly improving accuracy. Initially used for the company’s non-U.S. tax packages, ONESOURCE DataFlow is now used across all tax packages, as well as for exchange Gain/Loss, questionnaires and cash forecasting.
Using tax technology, Tom and his fellow Taxologists were also able to tighten up Ingersoll Rand’s provision process to better support the company’s 500 global users. They also helped to move the indirect sales processes in-house, which resulted in huge cost savings. The company’s Uncertain Tax Position process was also greatly enhanced with ONESOURCE Uncertain Tax Positions, dropping the time spent from two to three months to just a couple of days.
The time, cost and resource savings realized by implementing ONESOURCE, enabled the tax department to focus on more strategic endeavors—something they couldn’t do when they were bogged down in administrative processes.
These days, Tom is focused on using provision data to help drive the tax return process and organizing the company’s historical tax data.
In a complex world, I strive to make things simple.