CORPTAX WorkSpace provides the user-defined controls that you need to manage processes and handle the stream of documents and data that flow through your tax department. Each process can have its own set of controls for document access, review, task assignment, approval, status and reporting. CORPTAX WorkSpace automates tax processes by managing and tracking each activity for you.
Your processes are easily emulated as workflow rules that define the flow of tasks and responsibilities, following your conventions for routing, reviews, approvals and task deadlines. E-mail notifications and alerts are automated to ensure that your schedules and objectives are met. Comprehensive reporting and audit trails are standard controls provided by CORPTAX.
Key Benefits
International Compliance calculates and posts the exchange gain or loss on foreign branch remittances under §987, including:
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Improved management of all activities and deadlines—regardless of volume
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Greatly enhanced coordination between teams and decentralized departments
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Increased global visibility
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Strengthened controls and audit trails
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Automatically generated control reports
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Higher levels of efficiency through eliminating and automating manual tasks
