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CCH Integrator

2012 Innovation Awards

cch_01

2012 Innovation Awards Nomination:

CCH Integrator
www.cchintegrator.com

Corporate tax departments around the world face numerous challenges, including:

  • Increasing volume and complexity of regulatory requirements;
  • Responsibilities, processes, people and workflows spanning multiple locations and multiple jurisdictions;
  • Staffing constraints requiring new ways to achieve efficiency and productivity gains;
  • Increasing need to leverage trusted tools, processes and content throughout the tax provision, reporting, research and compliance processes; and
  • No centralized, accessible repository for data.

Many companies prepare the consolidated tax provision in one week or less. Already resource-strapped tax departments must gather data from disparate sources, manage all spreadsheets, execute all calculations, review results and ultimately provide post-entries. Preparing the provision is a time-consuming, cumbersome process. Whether a corporation chooses annual, quarterly or monthly provisions only increases the amount of time required and volume of data.

CCH Integrator is the first true provision tool designed to address these challenges on a global basis. Created for multinational and domestic corporations with cumbersome tax processes, CCH Integrator is a secure web-based application designed to streamline tax reporting and compliance activities within one system. CCH Integrator improves the accuracy of tax provision calculations, and minimizes manual processing of direct taxes domestically and globally by providing a collaborative workspace on one set of data in real time, regardless of their geographic location.

CCH Integrator provides professionals with:

  • Automation of provision calculations, currency conversion, consolidation, book to return process, etc.;
  • A nimble and flexible system – reducing time to process late entries;
  • Ability to scale and expand to support evolving entity structures;
  • Global deployment (multi-GAAP, multi-currency);
  • Import data directly from the source and drill down to increase transparency – providing a complete audit trail;
  • Data agility – collect once and re-use multiple times (return, planning, forecasting).

CCH Integrator gives professionals the power to integrate disparate systems into a streamlined, best-in-process solution so multi-national corporations are better positioned to compete successfully on a global level.

CCH Integrator contains multi-jurisdictional support: The software provides a comprehensive calculation engine that deals with all the differing financial reporting requirements of countries in a structured manner (IFRS, Multi-GAAP, tax regimes, currencies and languages). CCH Integrator further provides reconciliation from head office to local GAAP to local tax in one calculation. Since the data is housed in a single comprehensive database, the system further calculates tax numbers for local tax accounting/reporting and local pro-forma tax returns; calculated data is easily imported and exported for loading into local compliance tools to finalize returns, and perform the return to provision calculation.

Regardless of a company’s size, CCH Integrator is designed as a scalable product for corporations dealing with multiple reporting standards in various countries. Mid-size clients have indicated saving hundreds of hours in calculating their provision, while larger, multi-national clients report cutting 50+ work days when performing their year-end close.

Finally, in this age of increased scrutiny of financial data, CCH Integrator provides a comprehensive set of data that increases transparency from the consolidated numbers all the way down to the General Ledger accounts.