Case Study: TEGNA achieves faster, more accurate state tax planning with CSC Corptax State Planner

Tegna saves 40 hours of spreadsheet setup with CSC Corptax State Planner

Tegna Inc., a major media company, faced significant challenges in managing its state tax estimates due to unpredictable revenue swings caused by political advertising cycles. Their outdated process relied on error-prone Excel spreadsheets and prior-year data, which led to underpayment penalties and required extensive manual effort. To address this, they turned to CSC Corptax and implemented its State Planner solution.

By adopting CSC Corptax State Planner, Tegna automated its state estimate calculations, integrating them with existing compliance data for real-time modeling and accuracy. The solution delivered immediate results, reducing shortfall risk with near-perfect accuracy and cutting the estimation process from 40 hours to about one day. This empowered Tegna's lean tax team to manage complexity with confidence and transparency.

Tegna Inc