ONESOURCE Tax Provision

Accelerate and perfect tax provisioning with globally trusted automation software

Unlock powerful features for seamless automation and efficiency in tax provision

Data collection

Gather structured and unstructured data with strict process controls using an intuitive application.

  • Centralise data management: Seamlessly capture and manage data from multiple sources in one tool.
  • Automated tax integration: Directly connect with the general ledger for efficient tax attribute automation.
  • Real-time data access: Enable web-based collection for instant updates from remote users.
  • Excel integration: Easily push and pull data from Excel® workpapers.
  • Streamlined calculations: Extract data for automated offline calculations in other applications.
  • Customisable entry screens: Configure data entry for manual and top-side inputs.

Calculation engine

  • Flexible data dimensions to store and perform calculations
  • Automatable tax attributes such as net operating losses and valuation allowances
  • Drill down from consolidated amounts to the supporting detail in just two clicks
  • Entity relationships to mirror pass-through corporate structures
  • Complete interim reporting capabilities for monthly and quarterly provisions
  • Integrated with ONESOURCE Indirect Tax Compliance and other direct tax applications


 

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Don't let the cumbersome manual tax provisioning process constrain your potential.


 

Flexible reporting

  • Analyse data in seconds with drill down and filtering throughout the application
  • Review faster than ever, moving from consolidated amounts to the lowest level
  • Self-reconciling reports ensure data changes are processed quickly and accurately
  • Configurable journal entry for all jurisdictional levels and any ERP system
  • Visualisations using your provision data, easily facilitating multi-period comparisons and trend analyses
  • Dashboards for monitoring key performance indicators, which helps you to understand where to allocate your resources

Frequently asked questions

What are the key features of ONESOURCE Tax Provision that differentiate it from other tax software solutions?

ONESOURCE Tax Provision stands out with its comprehensive automation of the tax provision process, seamless integration with financial systems, and robust compliance capabilities. It supports multi-jurisdictional tax calculations, offers real-time data access for better accuracy, and provides powerful analytics for strategic tax planning. These features enhance efficiency and ensure compliance with evolving tax regulations.
Can ONESOURCE Tax Provision handle multi-jurisdictional tax calculations and reporting?

Yes, ONESOURCE Tax Provision can handle multi-jurisdictional tax calculations and reporting, allowing for accurate and compliant tax management across various regions and jurisdictions.
How does the software ensure compliance with the latest tax regulations and standards?

ONESOURCE Tax Provision ensures compliance by regularly updating its software and content repository to reflect the latest tax regulations, such as global minimum tax, providing automated compliance checks and expert insights for accuracy.
How secure is the data within ONESOURCE Tax Provision, and what measures are in place to protect sensitive information?

ONESOURCE Tax Provision ensures data security through robust encryption, access controls, and regular security audits, safeguarding sensitive information against unauthorised access and ensuring compliance with data protection standards.
Can ONESOURCE Tax Provision provide insights or analytics that help in tax planning and strategy?

Yes, ONESOURCE Tax Provision offers insights and analytics that assist in tax planning and strategy by providing real-time data analysis and reporting, enabling informed decision-making and strategic tax management.
How does ONESOURCE Tax Provision assist in managing deferred tax assets and liabilities?

ONESOURCE Tax Provision assists in managing deferred tax assets and liabilities by automating calculations, providing accurate tracking, and offering detailed reporting to ensure precise financial statements and compliance with accounting standards.