CCH Integrator - Case Study CCH Integrator

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class="language-selector-modal__country-name">Denmark</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/da-dk" data-variantfieldname="Link">Denmark</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">France</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/fr-fr" data-variantfieldname="Link">French</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Germany</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/de-de" data-variantfieldname="Link">German</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Hungary</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/hu-hu" data-variantfieldname="Link">Hungarian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Italy</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/it-it" data-variantfieldname="Link">Italian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Netherlands</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/nl-nl" data-variantfieldname="Link">Dutch</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Norway</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/nb-no" data-variantfieldname="Link">Norwegian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Poland</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/pl-pl" data-variantfieldname="Link">Polish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Portugal</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/pt-pt" data-variantfieldname="Link">Portuguese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Romania</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/ro-ro" data-variantfieldname="Link">Romanian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Slovakia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/sk-sk" data-variantfieldname="Link">Slovak</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Spain</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/es-es" data-variantfieldname="Link">Spanish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Sweden</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/sv-se" data-variantfieldname="Link">Swedish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">United Kingdom</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-gb" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> <div class="tab"> <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Australia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-au" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Current Page:</span> <ul> <li> <div class="field-link"> <a href="/en-au/expert-insights/case-study-cch-integrator-life-sciences-company" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">China</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="https://www.wolterskluwer.cn" data-variantfieldname="Link" target="_blank">Simplified Chinese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Hong Kong</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-hk" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">India</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-in" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Japan</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/ja-jp" data-variantfieldname="Link">Japanese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Malaysia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-my" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Current Page:</span> <ul> <li> <div class="field-link"> <a href="/en-my/expert-insights/case-study-cch-integrator-life-sciences-company" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">New Zealand</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-nz" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Current Page:</span> <ul> <li> <div class="field-link"> <a href="/en-nz/expert-insights/case-study-cch-integrator-life-sciences-company" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Philippines</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-ph" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Singapore</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home 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class="component-content"> <h6 class="language-selector-modal__country-name">Taiwan</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/zh-tw" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Thailand</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/th-th" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Vietnam</h6> <div 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Case Study CCH Integrator</h1><div class="author-section"></div></div></div> </div> </div> <div class="row component column-splitter"> <div class="col-12 col-md-8 col-lg-1 sticky-wrapper"> <div class="row"> <div class="component social-share vertical col-12"> <div class="component-content"> <div class="share-sticky"><div class="share-wrapper"><div class="share-btn share-btn-linkedin" aria-label="Share on Linkedin"></div><div class="share-btn share-btn-twitter" aria-label=" Share on Twitter"></div><div class="share-btn share-btn-facebook" aria-label="Share on Facebook"></div><div class="share-btn share-btn-mail" aria-label="Share with Mail"></div><div class="share-btn share-btn-print" aria-label="Print"></div><div class="share-btn share-btn-link" aria-label="Copy Link"></div></div></div> </div> </div> </div> </div> <div class="col-12 col-md-8 col-lg-6"> <div class="row"> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <div class="component rich-text article-text"> <div class="component-content"> <h2>With a lean four-person local finance team (including one tax manager) the Life Sciences Company has successfully relied on Wolters Kluwer CCH Integrator tax technology for several years. Previously, it worked across multiple spreadsheets without a central repository for its tax-related work papers.</h2> <hr /> <h3>Building an integrated tax governance framework</h3> <p><br />With over 100 years of history supporting primary health goals for people worldwide, this Life Sciences Company remains committed to its presence in Australia. As the life sciences industry has become more complex with evolving health demands, so has the administration and compliance of its local taxation obligations. <strong>The organisation updated its tax compliance and reporting software environment to support its goal for an integrated tax governance framework.</strong> This would see it streamline the navigation of the annual tax return process, plus better manage its requirements for the Tax Performance Program with the Australian Taxation Office (ATO).</p> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <div class="component pullquote"> <div class="component-content"> <div class="pullquote-content"><div class="pullquote-quote field-quote"><p>“Our aim when we moved to the CCH Integrator technology was to gain benefits in reporting and consolidated workings. Formulas would automatically link to one another, and we could save and upload our related worksheets. The finance team would also have a clear view of reviewer and preparerroles giving us a clear audit path.”</p></div></div> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> <div class="component rich-text article-text"> <div class="component-content"> <h3>Challenge: Consolidated financial statements in an era of mergers and acquisitions</h3> <p><br />Multiple spreadsheets meant it needed to track and update a vast number of electronic files manually. This proved particularly challenging as it sought to maintain effective controls over its financial reporting while consolidating mergers and acquisitions as part of its global growth.</p> <p>For its Tax Manager, this meant much time was spent ‘preparing and collecting the data’. Considerable time was also spent calculating whether the data was accurate and, in fact, was ‘the right data’ the team needed. <strong>The business faced a lack of transparency in its tax data and reporting processes. </strong>Meaning it had no time to value add to the tax compliance and reporting process. </p> <p>Wanting to streamline its increasingly complex tax compliance and reporting workload, plus enhance its integrated tax governance – it went looking for an industry-specific solution to build the tight framework it needed.</p> <h3>Solution: Reducing manual data collation and review by 50% with CCH Integrator</h3> <p><br />Going live with a tax technology solution from Wolters Kluwer meant the Life Sciences Company gained upfront benefits and built a roadmap for future success.</p> <p>The integrated data component of CCH Integrator meant <strong>the finance team could easily map the general ledger from its financial statements to the software.</strong> Tedious, manual mapping was no longer required, delivering more confidence in the underlying data.</p> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <div class="component pullquote col-12"> <div class="component-content"> <div class="pullquote-content"><div class="pullquote-quote field-quote"><p>“Because we knew the mapping was correct, we knew our disclosure for both tax and financial reporting</p><p>would be correct too. This capability has been crucial in navigating ongoing taxation updates in Australia. We just couldn’t have achieved what we have if we were still relying on spreadsheets.” </p></div></div> </div> </div> <div class="component rich-text article-text col-12"> <div class="component-content"> <h3>Benefits: Having an easy to use systematic, integrated solution</h3> <p><br />With several years of successful implementation for CCH Integrator, the Life Sciences finance team has generated value-add activities.</p> </div> </div> <div class="component pullquote col-12"> <div class="component-content"> <div class="pullquote-content"><div class="pullquote-quote field-quote"><p /><p>“CCH Integrator was an easy sell to the team. They gained a clear understanding of what the final product would look like and how we would get there. CCH Integrator is very easy to navigate. The result is we can spend more time in reviewing and analysing the data to make sure our reporting is highly accurate.”</p></div></div> </div> </div> <div class="component rich-text article-text col-12"> <div class="component-content"> <p>Having a more robust tax compliance and reporting governance framework means the finance team has been able to continually improve its processes in recent years plus plan more rollouts for the years ahead – which is appreciated by the executive management team. </p> <p>This was highlighted in 2020 when it needed to introduce another entity into its consolidated tax reporting. <strong>With a robust tax governance framework in place, the new entity was quickly aligned to its reporting process, negating the need to map its financial history ‘from scratch’.</strong> </p> <p>It plans to enhance its GST reporting across multiple entities to ensure its compliance and contributions are as accurate as possible. </p> <p>Streamlined assurance with the ATO has been something the Life Sciences Company has been able to leverage from its use of CCH Integrator. </p> </div> </div> <div class="component pullquote col-12"> <div class="component-content"> <div class="pullquote-content"><div class="pullquote-quote field-quote">“It was a great example of how CCH Integrator could provide even further value add to the finance team, and to the overall governance and compliance requirements for the organisation. The benefit of a transparent audit trail and a clear governance framework meant we met the key elements for the ATO’s Justified Trust program. This was a key achievement.”</div></div> </div> </div> <div class="component rich-text article-text col-12"> <div class="component-content"> <h3>Key Benefits:</h3> <br /> <ul> <li>Strong tax governance and process</li> <li>User-friendly cloud-based platform</li> <li>Focus on value-add review and reporting</li> </ul> </div> </div> <div class="component wkbutton primary col-12 indent-bottom"> <div class="component-content"> <div class="wkbutton-link field-link"><a data-variantfieldname="Link" aria-label="Download PDF" target="_blank" href="https://assets.contenthub.wolterskluwer.com/api/public/content/5a384be2d66a4ead9f935fdeb7e1b88b" data-variantitemid="{7C82767B-3ECD-4B3B-A31F-08EDC0176BE4}">Download PDF</a></div><div class="wkbutton-wrapper"><div class="wkbutton-label field-label">Download PDF</div></div> </div> </div> </div> </div> </div> </div></div> </div> </div> <div class="container-fluid"> <div > <div class="row"> </div> </div> </div> </div></div> </div> <div class="col-12 col-md-4 col-lg-3 offset-lg-1 sticky-sidebar"> <div class="row"> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> <div class="component relatedtopics col-12 compact"> <div class="component-content"> <div class="relatedtopics-wrapper"><h4 class="relatedtopics-header">Explore related topics</h4><div class="tag-list" role="list"><span class="field-title" role="listitem" ><a href="/en-sg/search-results/topic/corporate-performance-management">Corporate performance management</a></span><span class="field-title" role="listitem" ><a href="/en-sg/search-results/topic/innovation">Innovation</a></span><span class="field-title" role="listitem" ><a href="/en-sg/search-results/topic/effective-decision-making">Effective decision making</a></span><span class="field-title" role="listitem" ><a href="/en-sg/search-results/topic/corporate-tax">Corporate Tax</a></span><span class="field-title" role="listitem" ><a href="/en-sg/search-results/topic/case-studies">Case Studies</a></span></div></div> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <div class="component cards no-image col-12 indent-bottom"> <div class="component-content"> <div class="link-wrapper"><div class="card-content"><div class="text-wrapper"><div class="card-title field-cardtitle" role="heading" aria-level="3">Life Science Company</div><div class="card-description field-carddescription"><p><b>Region:</b></p><p>Australia</p><p><br /></p><p /><p><b>Operation:</b></p><p>Life Sciences</p><p><br /></p><p /><p><b>Workforce:</b></p><p>600+</p><p><br /></p><p /><p><b>Revenue:</b></p><p>$600M Annual Australia Sales</p></div></div><div class="card-cta field-cardbuttonlabel"><a target="_blank" href="https://assets.contenthub.wolterskluwer.com/api/public/content/5a384be2d66a4ead9f935fdeb7e1b88b">Download Case Study (PDF)</a></div></div></div> </div> </div> <div class="component productpromo medium-gray-bg col-12 compact"> <div class="component-content"> <div class="product-wrapper"><h4 class="productpromo-name field-name">CCH Integrator</h4><div class="productpromo-description field-description">Transform your business with the global tax platform that keeps enterprises a step ahead in a constantly evolving world.</div><div class="productpromo-link field-link"><a data-variantfieldname="Link" data-dm-wk="productpromotion.button" href="/en-sg/solutions/cch-integrator" data-variantitemid="{4C985E27-9022-4A1B-A957-5BDE6521768C}">Learn More</a></div></div><div class="details-wrapper"><div class="productpromo-cta-wrapper"></div></div> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <section class="component related-insights-news col-12"> <div class="component-content"> <h4>Related insights</h4> <div class="list-wrapper"> <a class="insight-item" title="Saniza & Co improves efficiency and accuracy in audit delivery with CCH ProSystem fx Engagement" href="/en-sg/expert-insights/case-study-saniza-co"> <span>Saniza & Co improves efficiency and accuracy in audit delivery with CCH ProSystem fx Engagement</span> </a> <a class="insight-item" title="CCH iFirm enables improved workflow management for RCB Advisors" href="/en-sg/expert-insights/case-study-rcb-advisors"> <span>CCH iFirm enables improved workflow management for RCB Advisors</span> </a> <a class="insight-item" title="Herkess &amp; 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