Wolters Kluwer CCH Integrator has been selected by Lineage Logistics to automate their tax reporting and compliance functions across the Asia Pacific region.
This decision reinforces CCH Integrator’s position as a leading tax platform and a key partner of organisations seeking to streamline their tax preparation, compliance and provisioning processes and meet the ever-stricter governance requirements of stakeholders and tax authorities.
Lineage Logistics has adopted CCH Integrator as its tax reporting and compliance platform for the Asia Pacific region. As Linear expands its cold storage network to provide distribution solutions to the global supply chain, CCH Integrator will be an important financial tool for managing the complex tax compliance requirements of local tax authorities and reporting to its US-parent, the world’s largest refrigerated warehousing group.
In Australia and New Zealand, CCH Integrator will provide Lineage with automated tax compliance and tax return preparation. In Asia, CCH Integrator’s ability to automate reporting processes and flows across global tax territories offers an efficient way of calculating income tax provisions. The solution also provides tax provisioning functionality to perform US and local tax reporting to support its US parent. Moving forward, as more businesses are acquired or merged, CCH Integrator gives the flexibility for new entities to seamlessly move onto the group platform and connect to the services they require.
For Lineage Logistics, and its growing number of acquisitions, CCH Integrator will dramatically reduce their reliance on manually intensive and often error-prone spreadsheets – errors often only detected when attempting to prepare an accurate tax return. CCH Integrator will allow Lineage Logistics to modernise their tax processes – combining ease of use with enhanced risk management and internal controls, helping Lineage to meet governance principles for tax, such as the ATO framework and Sarbanes Oxley (Sox).