In today’s business environment, tax functions are under intense pressure to mitigate risk and improve controls. The increased regulatory demands, the complexity of a global business environment and the velocity of business that demands real time information, make the ability to effectively manage the tax function extremely challenging. Traditional tools and processes that have formed the foundation of tax operations are no longer effective in meeting these demands.

This paradigm shift requires tax functions to focus on efficient and effective processes. Beyond efficient access to data, today’s tax departments demand strong technologies and robust processes utilized in cross-functional and cross-organizational collaboration for the most effective use of skilled knowledge workers.

Your department can realize significant benefits through improvements in both business processes and technology with the help of True Partners Process and Technology Integration Services. The creation of world class tax processes while maximizing your investment in technology and people will be realized through our Process Transformation, Technology Implementation or Project Management Services.

Our approach:

•  Collaborate with you to document the current state of processes in narrative and graphic form
•  Provide knowledge of industry best practices and latest technology to document a desired state for your business processes
•  Prepare a gap analysis and identify those areas most likely to benefit from improvements
•  Develop a detailed project plan to serve as a roadmap for change, implementing specific processes and technologies to achieve desired state
•  Create metrics to measure results and support a process of continuous improvement

Process Transformation Services

Many business processes have evolved over time in a piecemeal fashion. New technologies and tools which often improve the efficiency of a single isolated process do so without improving the overall efficiency of the tax and accounting function. Our holistic process transformation services can improve the efficiency of your tax and accounting processes by removing duplicate or unnecessary steps and automating as many processes as possible. The removal of unnecessary steps and handoffs, and the automation of repeatable processes, improve the utilization of your valuable human capital while reducing overall risk.

Some specific areas of transformation:

•  Complete planning, compliance, and audit process redesign
•  Complete provision and forecasting process redesign
•  Integration of tax processes with other business processes
•  Standardization of compliance processes
•  Integration of FIN 48 with tax and financial reporting
•  Integration with electronic reporting requirements project risks
•  Identification and management of intra and inter project dependencies

Technology Implementation Services

Your choice of the right mix of technology and process solutions can have a profound impact on your functions effectiveness. Your facts and circumstances are all that matter to us when we assist you in choosing and implementing technology. At True Partners Consulting we are vendor neutral and therefore, we help you make decisions based upon the right fit for your situation.

At True Partners Consulting, we do not apply someone else’s solution to your processes and situation. All technology implementation, integration, and improvement initiatives are developed in a holistic manner working with and transforming your people, processes and technologies to meet your business vision. Our implementations include, but are not limited to income tax, transaction tax and provision software tools. Leveraging our extensive experience, TPC professionals help tax departments take an integrated approach to optimizing their processes and technologies in order to meet the significant changes in today’s regulatory and tax reporting environment.

Project Management Services

Thirty percent of all projects and initiatives fail. Ninety-six percent fail to meet requirements, budget or schedule constraints. The majority of project failures and missed requirements occur due to poor project management.

The implementation of tax software has many different facets, both from a business process and a technology perspective. TPC Project Managers design and implement project plans customized individually for each of our clients. At True Partners our PMI® Certified Project Management Professionals reduce the risk of failure with our structured methodology.

Our project managers:

•  Provide full project initiation and planning support
•  Document and actively manage project requirements
•  Document and actively manage project risks
•  Identify and manage intra and inter project dependencies
•  Provide regular and periodic project status including metrics for project progress, cost and schedule variances

OUR TEAM

Andrea L. Gronenthal, CPA, Managing Director
312 235 3328 | This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Kevin J. Herzberg, CPA, Managing Director
813 434 4001 | This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Josehp R. Ochoa, PMP, Senior Manager
813.434.4013 | This e-mail address is being protected from spam bots, you need JavaScript enabled to view it