CCH, a Wolters Kluwer business and a global provider of tax, accounting and audit information, software and services, has launched a web-based solution-Global Integrator.
Officials with CCH said that Global Integrator offers even greater advantages as it integrates with the market-leading ProSystem fx Tax for streamlined tax reporting, compliance and planning from a single platform.
"Companies that do business in multiple locations – either domestically or globally – face unique challenges related to tax accounting, provisioning, reporting and compliance," said Thomas Stitt, CCH director of corporate market strategy of CCH in a statement.
Stitt said that as the global leader in tax compliance, CCH now offers a new solution, Global Integrator, integrated with ProSystem fx Tax, that helps tax professionals overcome those challenges with ease and confidence.
Company officials claimed that Global Integrator helps multinational organizations ensure accuracy and streamline and automate core tax provision and compliance areas.
It's a web-based solution that provides anytime, anywhere data collection, analysis and tax reporting globally.
Global Integrator, which was acquired by CCH from Ernst & Young, and which further advances CCH's capability in serving global corporate customers also eliminates manual processing of direct taxes globally through a number of automation and control features.
According to company officials, Global Integrator also automates and standardizes tax calculations and reporting to processes for improved risk management. This includes enabling multinational organizations to calculate the current and deferred taxes of entities in compliance with local tax rules and International Financial Reporting Standards (IFRS).
Stitt said that tax directors face significant tax provisioning and compliance challenges, and they need integrated authoritative information and productivity tools to help them.
He said that companies looking for a combined solution can use Global Integrator and ProSystem fx Tax to allow companies to streamline business tax returns, as well as meet additional corporate tax compliance requirements such as domestic or global provisioning.
Earlier in October, CCH had announced that its new eBooks provide instant intelligence to professionals at the office or on the go.