As an associate financial planner at FinaCorp, I regularly utilize corporate tax planning software to advise our clients on their financial strategies. One of our major projects this year was helping a newly public company navigate their complex tax landscape. We chose to use the Thomson Reuters ONESOURCE tax software to manage this project.
Using ONESOURCE, we automated several processes, including data collection, validation, and tax computation, which saved significant time and reduced the margin of error. With its scenario planning feature, we were able to model numerous tax scenarios and forecast their impacts on the company's financial health. The software not only helped us comply with all relevant regulations, but also identified several tax optimization strategies.
The adoption of this software led to solid financial planning and improved tax efficiency for our client. The time we saved with automation allowed us to focus more on strategy consulting, underscoring the critical role that sophisticated software tools can play in financial advisory services.