Wolters Kluwer announced that it has launched CCH Tagetik Tax Provision & Reporting. This new solution supports companies that are seeking to streamline group tax provision and accounting processes by integrating and bridging the gap between financial and tax reporting. CCH Tagetik Tax Provision and Reporting supports finance and tax leaders of multinational companies in augmenting their scope by offering data collection and group tax provision calculations (including current, deferred, effective tax rate), and by enabling group tax reporting for financial consolidation figures.

CCH Tagetik Tax Provision & Reporting leveragesthe AI capabilities of the CCH Tagetik Intelligent Platform, which are designed with the intent to digitally transform the efficiency, accuracy, and strategic ability of the Office of the CFO. Key features of the new solution include: Enhanced data governance and process management, leveraging advanced analytics and data management technology for control at the group level. A unified accounting and tax model that facilitates consistency across borders.

Streamlined data entry and commentary capabilities, for efficiency and auditability. Comprehensive dashboarding and reporting capabilities that align tax processes with financial operations for strategic decision-making.