Ventana Research Analyst Perspectives

Longview Tax Software Helps Tax Departments Be More Strategic

Posted by Robert Kugel on Jun 22, 2014 10:40:56 PM

Longview Solutions has a longstanding presence in the financial performance management (FPM) software market and was rated a Hot vendor in our most recent FPM Value Index. Several years ago it began offering a tax provision and planning application. I think it’s worthwhile to focus on the tax category because it’s less well known than others in finance and is an engine of growth for Longview. We expect larger corporations increasingly to adopt software to manage direct (income) taxes to improve the quality and efficiency of what today in most companies is an inefficient, spreadsheet-driven process.

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Topics: ERP, GRC, audit, finance transformation, legal, LongView, multinational, Tax, tax compliance, tax department, tax optimization, tax planning, Analytics, Business Analytics, Business Performance, Financial Performance, Governance, Risk & Compliance (GRC), CFO, FPM, Innovation Awards, international tax

Vertex Enterprise Helps Tax Departments Increase Effectiveness

Posted by Robert Kugel on Sep 19, 2013 8:31:14 AM

Technology for the Office of Finance can have transformative power. Although progress has been slow at times, today’s finance organizations are fundamentally different from those of 50 years ago. For one thing, they require far fewer resources (chiefly people) to perform basic accounting, treasury and corporate finance tasks. In addition, public corporations report results sooner – sometimes weeks sooner – than they could in the mid-20th century. And finance departments are able to harness substantially more data and a wider array of analytics to promote insight and support more agile decision-making.

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Topics: ERP, GRC, audit, finance transformation, legal, multinational, Tax, tax compliance, tax department, tax optimization, tax planning, Analytics, Business Analytics, Business Intelligence, Business Performance, Financial Performance, CFO, Vertex, FPM, Innovation Awards, international tax

Vertex Enterprise Advances Tax Management

Posted by Robert Kugel on Feb 1, 2013 6:35:02 AM

Taxes – both indirect (sales or value added taxes, for example) and direct (income taxes) – are one the largest expense items on the corporate income statement. In recent years it has become common for large and even midsize companies to automate their indirect tax management process, but direct tax management has remained a bastion of manual processes built on a heap of desktop spreadsheets. In previous blog posts I discussed this issue and the role of the tax data warehouse as a necessary foundation for automating the direct tax process. Addressing an important need, Vertex is currently providing a limited release of its Enterprise offering, a single-platform approach to managing all types of taxes (direct and indirect) across the entire tax life cycle (from analysis through provisioning to audit defense) using a single data source.

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Topics: ERP, GRC, audit, finance transformation, legal, multinational, Tax, tax compliance, tax department, tax optimization, tax planning, Analytics, Business Analytics, Business Performance, Financial Performance, Governance, Risk & Compliance (GRC), Information Management, CFO, Vertex, FPM, international tax

Vertex’s Tax Data Warehouse Matures

Posted by Ventana Research on Jan 20, 2012 10:23:39 AM

I recently had a briefing from Vertex on its tax data warehouse (TDW), a key component of its tax technology platform Vertex Enterprise. The TDW concept has been around for decades, but the earliest versions were custom-built and hampered by the technology limitations of their day. This made them expensive to deploy and maintain and constrained their ability to adapt to changing corporate requirements. The basic idea behind a TDW is straightforward: a data store that makes all tax data readily available and can be used to plan and provision a company’s taxes. But the complexity of tax-related data overwhelmed the ability of information technology to deliver on the concept. With today’s technological advances the basic idea is finally realizable in a practical sense.

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Topics: Master Data Management, Performance Management, finance transformation, legal, multinational, Tax, tax compliance, tax data warehouse, tax department, tax optimization, tax planning, Business Analytics, Business Collaboration, Business Performance, Financial Performance, CFO

A Good Example of More Effective Tax Data Management

Posted by Robert Kugel on Nov 17, 2011 7:29:04 AM

Right after I posted my blog about the dearth of useful content for the line-of-business and finance audience at this year’s Oracle Open World, I attended a truly useful session. (Of course, it had been shunted to the next-to-last time slot on the final day of the event.) It was a case study presented by AT&T’s tax group, discussing its use of Oracle Hyperion Financial Management to manage the corporation’s tax data.

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Topics: Master Data Management, chart of accounts, legal, multinational, Tax, tax compliance, tax department, tax optimization, tax planning, Business Analytics, Business Collaboration, Business Performance, Financial Performance, CFO