Tax Automation Platform (TAP)
In addition to streamlining individual spreadsheet processes, we also offer a powerful solution that is based on a centralized tax data
warehouse called TAP (Tax Automation Platform).
TAP is a secure cloud-based
SaaS (Software as a Service) data collection, transformation, and reporting platform that can used
to store our clients' sensitive financial data. After development, a TAP platform can be controlled and operated by our clients or the
Tax Technology, LLC staff. Our cloud-based solutions are hosted by Microsoft on a highly secure and redundant
Azure platform that is also used by the fortune 500 corporations.
Clients who take advantage of TAP can benefit from automated data import, cleansing and transformation. Then, the imported
and reconciled TAP data immediately becomes available to our clients' automated tools
like Alteryx, Excel Power Query, Power BI, etc...
Because TAP prepares the financial data for import to any tax application like Corptax, OneSource, Vertex, etc...,
TAP can also be used to reverse-map the tax data back to its source such as the GL or the sub-ledger. This
feature can significantly reduce the time needed to answer State notices and Federal audits.
In summary, we design our solutions to streamline a Tax Department’s big and small recurring processes:
- Our proven technology will significantly reduce the transformation phase of your ETL (Extract, Transform, Load) process.
- Centralized data storage provides access to the same data at different levels of details for different needs.
For example, the trial balance that is prepared for the compliance process can also be summarized to produce Executive
Dashboards and trending reports. If you are using tools like Power BI or Tableau you will love this feature
of our platform.
- Because automation reduces your data cleansing and transformation window, your preparers will now have time for better analysis and planning.
- But most importantly, our Tax Technology team will always be with you whenever you need help with anything that we develop
or any other tax application.
Below are a few examples of other services Tax Technology, LLC offers. Our service offerings are flexible
and highly customizable to meet our clients’ specific needs. Please
Contact us
to discuss your specific automation solution.
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At Tax Technology, LLC, we are proud of years of design and implementation
of outstanding automation solutions. At our core, we are IT automation
experts who also have tax Compliance and Provision experience. We take
pride in our approach of developing sophisticated but simple to use products at very affordable
cost. While we believe in the power of Alteryx,
we have proven Excel-based automated solutions that are as powerful
as Alteryx without commitment to $5,000 per user annual cost.
Hyperion SmartView/Corptax Office
If you use other MS Excel add-ins such as Hyperion Retrieve (SmartView)
or Corptax Office, the possibilities of streamlining your tax ETL
(Extract, Transform, Load) are endless.
ODBC Connectivity
If you have access to financial databases, we can show you how to take
your automated processes to the next level without spending money on
expensive new tools.
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Process improvement is a journey and not a destination. Are you still using VLOOKUP to map
your financial data to your tax applications? Do you still save old Excels with different names for use in different periods?
If the answer is yes, you could benefit from a
refresher Excel training class that we offer. Today’s Excel produces the same results as Alteryx.
Whatever techniques that were cutting edge a few years ago are outdated and inefficient by today’s
standards.
Tax Technology, LLC can provide remote hands-on training on topics such Power Query, Power
Pivot, MS Access database, automated connectivity to various data sources, automated ETL
(Extract , Transform, Load), and more...
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| One of the services that we have extensive experience with is the general tax
department operations support. Tax Technology, LLC can be engaged to offer
part-time on-demand IT support for a fixed monthly
rate. This service allows our clients to benefit from our extensive
experience on a fixed budget and at a fraction of the cost of having their own dedicated
Tax Technology team. |
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At Tax Technology, LLC we believe understanding of the
problem is 50% of the solution. So, before we offer a solution, we take
the time to understand and document the problem. A Business Requirements Document
BRD describes the
current challenges as well as the future solutions that the client expects.
In general, BRDs can be very detailed. Fortunately, most Tax Technology
projects do not need volumes of documentation and therefore, can be
documented in relatively short period of time.
Once a BRD is signed off by the client, Tax Technology will produce a
Statement Of Work (SOW) that will describe how the solution to
the BRD’s problem will be designed and delivered to the client. The
SOW serves as a roadmap to the solution by defining resources, funding,
roles, responsibilities, dependencies, and the milestones.
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Tax Technology, LLC associates have many years of fortune 100 experience with product and
vendor selection. Take advantage of our experience and let us help you with your next market research or product selection.
Acquiring the right solution to solve your specific needs can be a complex and time-consuming
task. We find it painful to see some tax departments spend hundreds of thousands
of dollars on the wrong products that they later alter to meet their needs.
Having the right partner, like Tax Technology, LLC, will ensure the solution that you choose
will be the most effective for the job and your budget. It is also worth noting, sometimes
the right tool may already be in your toolbox. Before you commit to thousands of dollars
on the latest tool du jour, let Tax Technology, LLC provide you with a menu of best
available options.
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