Case Study: CNO Financial Group improves tax reporting efficiency and accuracy with CSC Corptax

CNO Financial Group saves 40 hours per quarter with CSC Corptax

CNO Financial Group faced significant challenges with its tax reporting process, relying on over 200 Excel spreadsheets and manual adjustments each quarter. This highly manual system led to a higher probability of errors, difficulty reconciling deferred tax inventory, and an inability to quickly evaluate tax planning opportunities. To address these inefficiencies, they turned to CSC Corptax for a solution.

By implementing CSC Corptax's technology-driven solution, which included Data Exchange Manager and integration with their general ledger, CNO Financial Group automated its trial balance load and streamlined its processes. The results were substantial, including saving 40 hours per quarter, reducing spreadsheet usage from 200 to 30, and saving 20 hours on year-end audit support. The solution also provided accurate, dynamic reporting and seamless incorporation of audit adjustments.

CNO Financial Group