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Data Collection & Distribution
DI Tax integrates robust data management tools with process automation to automatically collect, cleanse and deliver data to the business processes that need it: Planning, Tax Accounting, Return Preparation, Audit Defense, as well as Department Management.
Studies have shown that somewhere between 40-60% of time is spent on collecting and manipulating the data to the point where the tax professional can start to make an informed decision.
By providing a centralized repository of all the processes, documents and data used by tax, the entire company enjoys a single source of usable data — in a format that everyone can use. It works with all of your existing financial applications, systems and spreadsheets and can easily generate export ready data for any downstream application or activity.
No more silos of isolated data. No more time lost manipulating spreadsheets. DI Tax captures and standardizes data into a real-time environment that reduces effort and increases control, without losing the flexibility to effectively manage data.
DI Tax allows you to manage:
- Real-time data received via electronic imports (from financial source systems)
- Real-time data gathered manually through web based data collection packages
- Tax accounting data, reconciliations, workpapers, journal entries and footnote disclosures
- Compliance data, workpapers including audit trails, data exports for tax return prep packages, and filed return images
- Forecast / Budget data - planning models, analysis and computations
- Audit information requests, notices, responses, calculations, workpapers, amended returns and appeals
- Non-native documents (electronic and scanned)
You maintain control over:
- Transaction, summary and consolidated data from any source
- Prior, current and future period data
- Comprehensive audit trail — from source data to end results
