Case Study: A Consumer Products Corporation achieves consistent, time‑saving tax reporting—cutting intercompany processing from days to 10 minutes—with CSC Corptax

A Consumer Products Corporation Upfront Analysis Allows Downstream Ease

Consumer Products Corporation, a global consumer-products leader selling in 160 countries with more than $2 billion in annual sales, faced complex tax compliance across multiple business units and disparate accounting systems. To address this, the Company licensed CSC Corptax Compliance and Corptax Office and engaged Corptax Professional Services to analyze current processes and re-engineer workflow up front.

CSC Corptax Professional Services implemented consolidated trial-balance imports, custom trial-balance accounts and entity groups, Corptax Office templates for automated intercompany calculations, and an e-file process for state filings. The result is one consistent reporting package, a reduction of intercompany calculation time from several days to ten minutes, state return completion and review time and budget cut by more than half, and a drop in co-sourcing from full-time six-month support to one part-time resource for three months.