CLIENT SUCCESS STORY
Computer Sciences Corporation
Streamlining Data Collection, Minimizing Labor
and Reducing Risk with Corptax Office
Challenging, Labor-intensive Tax System
Client Profile
Computer Sciences Corporation (CSC) had relocated its tax department of 50
full-time tax professionals from California to its new U.S. headquarters in Virginia.
Along with reorganizing, they were dealing with multiple pain points:
Computer Sciences Corporation
(CSC) is a global leader in providing
technology-enabled solutions and
services through three primary lines
of business: Business Solutions &
Services, Managed Services Sector
and North American Public Sector.
• GAAP books were not kept on a tax-friendly legal entity basis
• Source GAAP data resided on multiple General Ledger data platforms
Domestic net book income had to be determined using complicated Excel®-based
tax packages, which were then sent to over 130 operating units.
As Lisa Anderson, Federal Tax Director of CSC, puts it, “We had to lug trial
balance data around in wheelbarrows.” It was a heavy lift to reconcile tax data
to financial statements once imported into the system. Furthermore, explains
Lisa, the reconciliation of worldwide book income was “extremely challenging
and labor intensive.”
Confirming net book income for an annual book return took over two months. Return
preparation was cumbersome and the system did not compute adjustments globally.
What’s more, if preparers were not adequately trained, dynamic workpapers wouldn’t
get properly utilized. Lisa describes it as living in a “one-to-one, one-to-many, and
many-to-one world.”
A More Scalable World
CSC chose Corptax® Office, calling it their “first steps toward a better, more scalable
world.” This allowed CSC to use existing Excel spreadsheets to simplify processes,
reduce errors, integrate data and achieve compliance without adding extra work.
With Corptax Office’s two-way feed, CSC was able to literally push information into
Corptax and pull Corptax data into an Excel spreadsheet.
They began with monthly reconciliations to GAAP books in Hyperion, working in a
Corptax Office/Hyperion Retrieve workbook. For domestic returns, CSC was able
to switch from an entity-by-entity return build to a standardized approach to its tax
adjustments across the organization using Corptax Office as a “push-pull” tool.
They customized memo-only summation and verification accounts in their General
Ledger to import net book-income check totals along with trial balance data.
Business Situation
When CSC relocated its tax
department from California to
Virginia, they wanted to improve their
challenging and labor intensive tax
processes. For example, their source
GAAP data resided on multiple
General Ledger data platforms;
return preparation was cumbersome;
and the system did not compute
adjustments globally.
Solution
Corptax Office allowed CSC
to simplify processes, reduce
errors, integrate data and achieve
compliance without adding extra
work while maintaining adequate
controls over the tax balance sheet
as well as P&L adjustments.
Results
Corptax Office enabled CSC to gain
a host of advantages without giving
up the control that is imperative in
today’s regulatory environment.
CLIENT SUCCESS STORY
Computer Sciences Corporation
Simplified, Streamlined Processes
Results At-A-Glance
Without giving up the control that is imperative in today’s regulatory environment,
CSC gained a host of advantages, including:
• Better controls over data entry
points
• Better controls over data entry points
• The ability to segregate
assignments to push and post tax
adjustments
• The ability to segregate assignments to push and post tax adjustments
• “Huge payback” netted from posting every permanent and temporary tax
adjustment in an accelerated close period
• Elimination of manual data entry
• The use of real-time check totals by using Excel to pull the posted data out of
Corptax on the same workpaper that pushed the adjustment into Corptax, enabling
real-time, live control totals and facilitating multiple levels of review
Additionally, by using Corptax Office, CSC initially had a materially final taxable
income two months earlier than in previous years, and increased that to three months
earlier the following year.
CSC plans to use Corptax Office across its entire tax continuum to further leverage
the advantages of a single system. “A myriad of data analytics uses exist,” said Lisa.
“The list is truly endless!”
• “Huge payback” netted from
posting every permanent and
temporary M adjustment in an
accelerated close period
• Eliminated manual data entry
• Use of real-time check totals by
using Excel to pull the posted
data out of Corptax on the same
workpaper that pushed the
adjustment into Corptax, enabling
live control totals and facilitating
multiple levels of review
• Provided materially final taxable
income two months earlier than
previous years
“It’s an amazing tool.
I can’t speak highly
enough of it. There’s
very little it can’t do.”
corptax.com
800.966.1639
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