Corporate Tax to Tax Provision, automated

Corporate TaxTax ProvisionAlteryxAPIs

Using ONESOURCE Corporate Tax for your provision, but still rekeying? An Alteryx workflow extracts the computations from Corporate Tax by API and posts them into ONESOURCE Tax Provision: the draft computation into the provision dataset, the final computation into the return dataset, so the prior year adjustment runs from the real numbers.

Transcript: the words on screen

1. 0:00Using Corporate Tax for your provision, but still rekeying?
2. 0:02Alteryx + ONESOURCE / Corporate Tax to Tax Provision, automated. / Extract · Check · Post · Validate
3. 0:04How it connects / Alteryx links Corporate Tax and Tax Provision by API.
4. 0:0901 · The start / It starts in Corporate Tax: draft or final computations.
5. 0:11The computation in ONESOURCE Corporate Tax
6. 0:1401 · The gap / Rekeying into Tax Provision costs time.
7. 0:15What the integration solves / Saves time when you are busiest / Gets it right: no rekeying risk / Leverages trusted UK content / Run it as often as you need, no extra steps
8. 0:2202 · Alteryx / Alteryx extracts the data from Corporate Tax via API.
9. 0:24Extracted via the ONESOURCE API
10. 0:2702 · Alteryx / Built-in checks before anything is posted.
11. 0:29Check adjustments · check errors
12. 0:3303 · Provision / Posted via API: current-year figures in Tax Provision.
13. 0:35Refreshed: every entity populated
14. 0:3904 · PYA / Final computations post to a return dataset.
15. 0:42OTP calculates the PYA automatically
16. 0:4505 · Validation / Anything wrong is flagged straight away.
17. 0:48Test error: caught and reported
18. 0:51In summary / Provision and PYA, straight from Corporate Tax. / Extracted and posted by API, no rekeying / Before year end: final comps drive the PYA / After year end: draft comps feed the provision / Checked and validated in Alteryx, every run