Australia Post Case Study

The challenge

Each 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 solution

Australia 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.

Benefits

• Collaborative and configurable platform.
• Greater accuracy and automation of annual returns.
• Value-added capabilities.
• New economies of scale for review processes.