Case Study: ADM achieves provision automation and accuracy with CSC Corptax

ADM Closes the Technology ‘GAAP’ to Drive Provision Excellence

ADM, a global enterprise with about 400 controlled foreign corporations in 150 countries, needed to modernize its U.S. GAAP income tax provision process. The tax team relied on disparate software, massive Excel consolidations, and manual data entry across a decentralized group of 180+ accountants, creating heavy training, reconciliation, and rekeying burdens. CSC Corptax was brought in to support ADM’s Income Tax Accounting transformation.

CSC Corptax provided a single system of record to centralize and automate ADM’s provision workflow, including data exchange imports, BOTS-driven tax adjustments, Office-based manual entries, analytics for SOX and reconciliations, and provision posting workpapers. The result was a fully turnkey process with about 75% of provision centralized and automated, reducing the workload from roughly 650 hours per quarter and allowing just 20 provision experts to handle the process; SOX controls became automatic, and rekeying was eliminated.

ADM