CCH, a Wolters Kluwer business, has released new web-based software to aid in streamlining tax data collection, provision, research and compliance activity. CCH Integrator is designed to simply tax processes for local and multinational corporations of all sizes.
“Professionals in corporate tax and finance departments around the world face enormous challenges and complexity each and every day,” said Scott Gruchot, CCH Corporate Services Vice President and General Manager. “We’re very pleased to announce that CCH offers a solution that can help them. CCH Integrator is an integrated web-based suite that was created for corporate professionals worldwide to help them simplify processes, increase efficiency and improve accuracy.”
CCH Integrator uses the latest technology to not only streamline tax processes, but to also help reduce the risk of being audited that’s common when dealing with global tax regulations. The CCH Integrator suite includes Global Integrator and Global Tax Research Integrator.
Global Integrator is a single platform solution for data collection, analysis and tax reporting worldwide. The software delivers a multi-jurisdictional feature allowing reconciliation between the head office GAAP, local GAAP and local tax for both small and large corporations. Other features include multi-currency and multi-language capabilities and customizable configuration, allowing users to tailor the software to meet their individual data collection, calculation and reporting needs.
Other features of Global Integrator include:
- Standardized calculations and schedules with flexible templates, providing consistent reporting formats across countries
- Comparison and integration of head office and local GAAP reporting for tax accounting under both FAS109 and IFRS
- Full conversions and reconciliations of exchange rate differences
- All tax provisions and tax returns are maintained globally in a central location
- Integrates with other tax applications, general ledgers and Microsoft Excel
- Built-in status tracking, audit controls, electronic sign-off and records of modifications
“Global Integrator has not only improved our control environment, it has also provided consistency and visibility to global information we didn’t have prior to its implementation,” said Patrick Callahan, Director, Tax Accounting & Reporting, Kimberly-Clark. “With Global Integrator, we are implementing a single process for both U.S. and local GAAP tax accounting across more than 200 entities and have saved over 9,000 hours and 52 elapsed days from our U.S. tax compliance processes.”
Global Tax Research Integrator provides professionals with timely and authoritative international content in countries where a company does business. Using the CCH IntelliConnect platform, it offers the complete library of CCH international research resources. Examples of content that is available includes real-time country tax rates, translated tax forms and instructions for more than 120 countries, access to CCH Mobile and CCH’s International Tax Treaty Expert Library, customized international tax news and updates via email daily, and detailed guidance and analysis written by in-country tax experts.
Corporations also have the option to customize the features of Global Tax Research Integrator by choosing from three levels of content – Pro, Plus or Premium to meet their specific needs. Pro is useful for companies in up to five countries; Plus up to 20 countries and Premium up to 90 countries.
“Professionals who are looking for a centralized solution to help clear compliance challenges with efficiency and confidence will benefit from CCH Integrator,” said Callahan. “The winning combination of powerful software with in-country expertise delivered by a global leader CCH will provide a formidable solution in helping to streamline and simplify a complex global tax environment.”