Apportionment Management Solution
Standardize the data. Control the process.
Track the changes. Connect the team.
Depending on the number of legal entities considered, this analysis would likely involve evaluating thousands of combinations—in fact, the number of permutations grows exponentially, and quickly reaches a level that is unfathomable. This level of modeling is simply impossible when armed only with traditional tools such as spreadsheets.
Apportionment data is relied on to meet requirements for provision, compliance, estimated tax payments, planning, and day-to-day decision making. Unfortunately, state apportionment data handling, analysis, and reporting is usually conducted using a manual approach that provides limited (if any) security or controls.
ONESOURCE State Apportionment addresses these challenges by combining unique process improvements with easy-to-use, web-based software. Leveraging ONESOURCE State Apportionment, users are equipped to:
- Drive efficiencies with process transformation
- Implement controls and ensure security compliance
- Gain visibility into the decision process with an automatic, detailed audit trail
- Extend access to data across all tax functions
Your tax departments can smoothly evolve its operations, ensuring that apportionment data is consistently handled, best practices are followed, changes are tracked throughout the process, and information is easily shared among all authorized users.
With ONESOURCE State Apportionment, you benefit from:
- Certainty of data
- Elimination of countless hours allocated to low-value data management
- Increased visibility and accountability
- Enhanced auditor confidence with controls and detailed reporting
- Streamlined access to apportionment
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