Case Study: a middle market local bank achieves tax and operational savings with Grant Thornton LLP

Middle Market Local Bank realizes tax and operational savings in 3 years with Grant Thornton LLP

The customer, a middle market local bank, lacked an internal tax department and sought specialized tax knowledge and deeper insights from their provider. They engaged vendor Grant Thornton LLP for its tax services to gain more insight into planning scenarios and achieve operational goals.

Grant Thornton implemented a technology-driven solution, setting up the bank's data in their systems for tax provision and compliance calculations. This approach, which included data visualizations and weekly consultations, resulted in significant cash tax and operational savings for the bank over three years, with more projected for the future.