Case Study: nVent achieves a streamlined, single-source tax provision process and major time savings with CSC Corptax Provision and Entity Management

nVent Streamlines Information to Drive Analytics

nVent faced a tangled tax provision process after its 2018 spinoff: provision data lived in three systems, analytics and 10‑K compilation were slow, and 30 foreign subsidiaries needed a common, auditable interface. Working with CSC Corptax, nVent sought to eliminate scattered spreadsheets, manual reconciliations, late overseas data and topside journal entries, and to create a single source of truth for provision and entity data.

CSC Corptax deployed CSC Corptax Provision and CSC Corptax Entity Management (via its Professional Services) to create a unified data warehouse and standardized data collection through Entity Navigator. The implementation finished months ahead of deadline and well under budget; all foreign entity provisions are now completed and booked locally with no topside entries. Measurable gains include saving 60–75 provision hours at year‑end, roughly 80 hours annually on entity changes, elimination of spreadsheet maintenance, rapid standard reporting for footnotes, and easy Excel exports for analysis.

nVent