Tax provision is one of the last heavily manual F&A processes. Multinational tax teams spend 4-6 weeks per quarter in Excel, reconciling jurisdictional data, applying transfer pricing rules, and modeling Pillar 2 implications.
A tax provision platform ingests GL data, automatically maps accounts to tax categories using ML, calculates current and deferred provisions per jurisdiction, applies transfer pricing rules, and models Pillar 2 top-up tax exposure. Generative AI drafts disclosure narratives and footnotes.
Tax provision platform + ML GL-to-tax mapper + Pillar 2 modeling engine + transfer pricing rule library + GenAI disclosure drafter.
A unified, multi-entity, multi-currency ledger serving as the single source of financial truth across the enterprise.
GL data is the primary input for tax provision; clean multi-entity ledger is required.
Shift from period-end batch close to daily reconciliation and variance analysis, with automated flux coverage approaching 100% of accounts.
Continuous close provides timely, high-quality actuals needed to run tax provision on a quarterly cadence.
LLM-driven drafting of variance commentary, MD&A, and board reports from structured financial data, with human review and refinement.
GenAI narrative capability is reused for drafting tax disclosure footnotes and provision documentation.
Nothing downstream yet.
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