Case Study: Reynolds Consumer Products achieves faster, audit-ready tax provision and return processes with CSC Corptax

Time to Spare and No Surprises, Provision through Return

Reynolds Consumer Products, working after a spin-off from its parent company’s tax department, needed to modernize a fragile and highly manual tax provision and return process. The team was dealing with interdependent Excel workpapers, external calculations, and data updates that had to be performed in a strict order. To address this, they turned to CSC Corptax, using Corptax Provision, Compliance, and Office POV.

CSC Corptax helped Reynolds automate more than 90% of provision calculations, streamline trial balance imports, and centralize data so provision and compliance results flowed automatically between processes. The company now finalizes journal entries in about 2 hours with two people, completes RTP in hours instead of a large project, and works on a 3-week close with time for review rather than a 4-day crunch. Reynolds also reported zero e-filing rejections in its first year filing extensions and returns, along with more accurate, audit-passed provisions and better work-life balance.

Reynolds Consumer Products