Australia Post implemented CCH Integrator to support its income tax reporting and compliance needs.
Tax & AccountingCompliance19/07/2021 12:00:00 AM
Australia Post Case Study
The implementation of CCH Integrator is part of our technology-focused roadmap for the tax team and the broader enterprise. We feel CCH Integrator meets our best of breed benchmarks, and it will be a key tool for our future.
The ChallengeEach year, Australia Post makes a direct contribution of over $3 billion to national GDP through its operations and in 2020, it contributed $501.6 million in Government taxes, duties and dividends.
Australia Post had been relying on macro-enabled spreadsheets and web-based tax software to produce its income tax returns and tax related financial reporting disclosures. However, the team needed a more streamlined and integrated solution to deliver a more robust end-to-end process.
CCH Integrator SolutionAustralia Post wanted to streamline its income tax reporting and compliance – from financial reports to tax returns - across all its divisions.
CCH Integrator replaced the manual roll-forward processes it previously needed to complete for tax provisioning. CCH Integrator also removed the need to copy and reconfigure data from spreadsheets and its previous tax software into a tax return format.
- Collaborative and configurable platform.
- Greater accuracy and automation of annual returns.
- Value-added capabilities.
- New economies of scale for review processes.
Management review process times have reduced by around the 25 – 30 per cent mark.
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