Case Study: Tiptree Inc. reduces tax costs and speeds close process with CSC Corptax

Tiptree Inc. saves $700,000 annually with CSC Corptax

Tiptree Inc. faced high costs and limited control over its tax function due to its complete reliance on external vendors. The year-end provision process took three weeks and depended on a manual, error-prone consolidation of data from multiple systems and Excel files. Compliance was fully outsourced at significant expense, leading to last-minute filings and difficult audit support.

CSC Corptax implemented its Compliance, Provision, and Office for Insurance solutions, centralizing all tax data. This allowed Tiptree Inc. to bring its tax processes in-house. The results were substantial, including a $700,000 annual reduction in outsourcing fees, saving one week on the close process, and filing a key return four months early to accelerate refunds. CSC Corptax provided full control, insight, and a scalable platform.

Tiptree Inc.