Vertex® Provision Global Tax Office™ (GTO)

With widespread globalisation, increasing complexity, tighter deadlines and greater risk, income tax professionals have never been more challenged to make their provision processes more efficient and accurate.

Finally Provision with Vision

Vertex Provision Global Tax Office (GTO) is the solution you've been waiting for - a web-native, enterprise-scale solution that transcends the limitations of existing products and effectively addresses the numerous demands confronting tax practitioners today.

Vertex Provision GTO offers U.S. headquartered multinational corporations:

An enterprise-scale solution
Web-native design from the ground-up
Interim and year-end capabilities
Dual ledger functionality
The ability to automate and standardize the end-to-end provision process.

Benefits

Seamless information sharing that reconciles all tax accounts to general ledgers for each legal entity
Scalable to grow as your business needs change
Enhanced security to ensure data integrity
Built-in intelligence that enables non-experts to do their provisions without corporate support
Automates and standardizes the end-to-end global provision process
IT Independence as all provision tasks are accomplished via Web browser

Features

Tax accounting sub-ledger that calculates provisions and produces tax journal entries
Fully supports APB 28/FIN 18 interim and FAS 109 annual global provisioning and related tax disclosures
Dual ledger capability to track local statutory accounts, statutory to GAAP adjustments, reported GAAP, and related tax provisions
Flexible mapping and supports export of trial balance and book-tax differences to all U.S. and non-U.S. compliance systems
Data collection of all book trial balances
Automation of book-tax adjustments
Calculation of current and deferred provisions by legal entity
Producing tax journal entries and tax account reconciliations by legal entity
Consolidating and reporting the required tax disclosures in a single comprehensive system

Learn more about Vertex Provision Global Tax Office or contact us today.