Hyperion Tax Provision is a powerful tool that leverages HFM capabilities and functionalities to streamline the tax close processes and enhance tax automation. Let us introduce HTP to tax departments as follows:
The significant differences between HTP and its competition include:
HTP Product Overview & Key Benefits:
The significant differences between HTP and its competition include:
- – Not a bolt-on point solution for most companies that already use Oracle Hyperion EPM products.
- – Based on a proven Oracle Hyperion EPM solution platform (HFM, FDM, HFR, Smartview, EPMA, etc.) with pre-existing features shared with other applications (FX translation, mobile device enabled reporting, etc.) that will continue to be improved and supported by Oracle.
- Lower change management impacts and a common production support platform for administrators and users that already use Oracle Hyperion suite of products.
- – Usually would be installed in the same environment as the Controller & Financial Reporting organization’s HFM application.
- – Likely to be more integrated over time with a company’s broader financial system architecture (ERP, BI/DW, MDM, Other EPM; Oracle, SAP, etc.
Related Course: Oracle Hyperion Tax Provision (HTP) Online Training
The HTP key features:
- – HTP is a calculation engine that addresses US GAAP, IFRS, and statutory tax reporting
- – An easy-to-use wizard for automation of tax differences
- – A comprehensive suite of tax reports for the consolidated tax provision – including the tax disclosure
- – Reconciliation of the tax accounts to the accounting data, and generation of the tax journal entry
- – Powerful reporting tools to support analysis and tax planning in a single solution
- – A return-to-accrual process that integrates and enhances the tax compliance process
- – Configurable supplemental schedules to address unique data collection and specific calculation requirements
- – A web-based tax package and integrated workflow for global data collection
- – A tax provision solution that is based on the same technology trusted by thousands of corporate finance organizations
The HTP key benefits:
- – HTP offers stronger tax risk management through a unified control framework
- – Improves efficiency through integration of data / metadata with source ERP and financial consolidation systems
- Improves efficiency through standardization
- – Allows tax to spend more time on analysis and planning instead of reconciliation
- – Transparency and auditability from consolidated tax disclosure down to source transactions
- – Greater visibility to late adjustments
- – Leverages your organization’s investment in Oracle Hyperion Financial Management
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