Having worked on designing and developing bespoke tax provisioning solutions for corporates when I came across Hyperion Tax Provision I was definitely impressed. The user interface provides ease of use for existing Hyperion Financial Management clients. Coupled with flexibility to incorporate the entities’ tax calc requirements the solution brings a tremendous value add to users.
The disadvantage of bespoke solutions is overreliance on technical team wihout having any control on the same. Also a lot of days may be lost in the process of bringing in new tax provision regulations which are ever changing.
Given that it is based on HFM there are a lot of shared features such as consolidation and FX calculations along with smartview functionality, mobile platform enabled reporting and EPM platform.
You have the capability to trace all changes between legacy GL Trial Balance and Book closing balances even though the level of reporting differs between the two.
Also GAAP reporting requirements along with GAAP to statutory to tax reporting is easily handled.
Do you have late adjustments in your ERP? No worries. Tax Provision allows for the same through its P13 period dimension member.
How to keep track of all tax losses and tax credits?? We use the roll forward dimension members along with data category to identify and maintain this information.
The Tax Automation custom screen is very easy to use and set up.
The pre-built metadata is a very good starting point which we can configure further to meet client organisation specific requirements. To ensure that the metadata rules are followed use the Validation screen for validating and weeding out errors in the metadata.
Come to the reporting requirements and the same are already available through the prebuilt reports. All disclosure requirements such as notes on tax disclosure including income from domestic & foreign entities as well as current vs deferred tax expense and effective tax rate for the group can be easily obtained.
So now you can use Tax Provision right after you finish your close in HFM and bring down the number of days significantly for finalising your tax expense calculations across the group.
If you have any questions on Hyperion Tax Provision do write to us!!
Hi there! I could have sworn I’ve been to this web site before but after browsing
through many of the posts I realized it’s new
to me. Anyways, I’m certainly delighted I came across it and
I’ll be book-marking it and checking back frequently!
Feel free to visit my web blog
An intriguing discussion is definitely worth comment. I think
that you need to write more about this subject matter, it might not be a taboo matter but usually folks don’t speak about such issues.
To the next! Cheers!!
Hi there to all, for the reason that I am truly eager of reading this web site’s post to be updated regularly.
It contains nice stuff.
I enjoy what you guys are up too. This kind of clever work and reporting!
Keep up the good works guys I’ve included you guys to our blogroll.
What’s up to every one, it’s really a fastidious for me to visit this web site, it consists of priceless Information.
These are truly great ideas in about blogging.
You have touched some pleasant factors here. Any way keep up wrinting.
Saved аas a fаvoritе,I love your blog!
Hmm is anyone else having problems with the images on this blog loading?
I’m trying to figure out if its a problem on my end
or if it’s the blog. Any feedback would be greatly appreciated.
Hi! I have checked the blog on my end and the images are loading just fine.
If you are still having issues then let us know, we will try to send a pdf to you.