Implementation of tax provision software has historically been a time-consuming, expensive, and nerve-wracking ordeal. Systems have been difficult to use and learn, require line-by-line coding of the trial balance (with no ability to accommodate multiple charts of accounts), and need months of IT and system integration work. This all has led to an overall dread of implementing a system, leading tax professionals to continue utilizing Excel or their existing solution.
Exactera understands how critical a successful implementation is for a smooth transition to “going live,” and we’re changing the paradigm that software implementation is too difficult and expensive. We have designed our system to be easy to implement and even easier to use.
Exactera’s implementations stand apart from others. Here’s how:
- Simplified licensing agreements: Our agreements are straightforward and easily understood. With clarity and transparency, you know exactly what you are getting.
- Ease of implementation: We will fully recreate your most recent year-end income tax provision in the system. Implementing a new solution is the perfect opportunity to revisit your current processes, so we will collaborate with you and suggest alternatives to ensure you are set up for success and can maximize efficiency.
- Detailed report reconciliations: Our implementations include detailed report reconciliation files, which offer a comparison of reports in our software for the implementation period to your prior year’s actual reports. This provides a tremendous benefit for your team and your auditors, as it ensures you are starting with the correct deferred tax balances and provides an opportunity to gain comfort and understanding with the software and reports prior to year-end.
- Comprehensive training: We provide thorough training for your team, empowering everyone to use the system to its fullest potential, so you are capable and confident post-implementation.
- Quick turnaround: On average, the entire implementation process, including the complete prior year recreation, detailed report reconciliations, and training, takes only four to six weeks, allowing you to quickly see the benefits. The actual length depends on the availability of requested information, the number of entities and complexity, so if you need a quicker turnaround, then let’s discuss your needs and see how we can accommodate them.
- Personalized support: From day one, our resolute support team provides “white glove service.” We’ll be with you every step of the way, ensuring a smooth and efficient implementation.
Exactera Tax Provision’s implementation is so efficient and swift that there’s still time to get you implemented and your data configured in time to calculate the 2024 tax provision.
Learn more: Talk to an expert.
