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    Automation saves time on data aggregation, consolidation

     

    Challenge

     

    Grant Thornton has performed indirect tax compliance services for a Fortune 500 payment technology and services company for several years. Through various acquisitions and mergers, the data files that make up the monthly returns have increased. Further, the process to simply gather and aggregate the data became cumbersome and time-consuming, taking four staff about 3.5 weeks to get through everything. In fact, the company had to report one month in arrears due to being unable to provide timely data, which required additional staff to assist in the process.

     

    Solution

     

    Grant Thornton strategized with the company on potential solutions. It was discovered that the company had multiple Alteryx licenses which Grant Thornton leveraged to build approximately 15 workflows, automating a substantial portion of the monthly indirect tax data aggregation and consolidation process. Upon completion of the build, Grant Thornton upskilled the staff on how to run the workflows monthly.

     
     
     

    Related resource

     

    CASE STUDY

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    CASE STUDY

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    Results

     

    Within the first month of the company owning the process, they reduced the time from 3.5 weeks down to 1.5 weeks to aggregate and consolidate the data. Further, the additional staff were able to be redeployed elsewhere as a result of the automation.

     

    Contacts:

     
    Headshot of Robert Clarke Headshot of Robert Clarke Headshot of Robert Clarke
    Robert D. Clarke

    National Managing Principal – Tax Digital Consulting

    Rob Clarke has more than 10 years of experience working with clients in the areas of sales and use taxes, sales tax process automation and controls, income and franchise taxes, and documentary stamp taxes. Clarke has broad state tax experience, including audit defense and appeals, state tax refund reviews, letter ruling requests, corporate reorganizations and planning, and comprehensive purchase and sales tax analyses for large organizations.

    Tampa, Florida

    +1 813 204 5153
    Industries
    • Healthcare
    • Manufacturing
    • Technology and telecommunications
    • Retail and consumer products
    Service Experience
    • Tax
    • State and local tax
     
    Headshot of Mark a sumlin Headshot of Mark a sumlin Headshot of Mark a sumlin
    Mark A Sumlin

    Partner, Tax Digital Consulting

    Mark is a Partner at Grant Thornton, specializing in Enterprise-wide Finance Transformation, bringing more than 20 years of experience both in consulting and large corporate roles. He specializes in the improvement of control managed processes, operational optimization through technology applications, global organization design and crisis management through times of disruption and leadership voids. He also advises clients in matters of alternative operating models, including business process outsourcing, co-sourcing, center of excellence and shared service center design. Mr. Sumlin focuses on strategy development, transaction advisory services and technology solutions to enable enterprise-wide transformation and operational effectiveness.

    Chicago, Illinois

    +1 312 813 8771
    Service Experience
    • Tax
    • Advisory
    • Tax Reporting & Advisory
    • Risk, Compliance & Controls
     
     

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