Breaking Through the Myths to Find the Right Solution for your Company.

Deciding on the right tax provisioning solution is a serious issue for tax professionals today. Careful consideration of all the options makes it very manageable. Technology continues to improve and move towards a "single database" solution for accounting and finance. However, until ERP systems can manage ALL of the relevant data needed for tax, supplemental workpapers will continue to be part of the provisioning process.

More than 100 CCH customers from professional service firms and businesses throughout the Asia Pacific region responded to a range of questions on their use of, or plans for, EDM systems. Key findings include:

• The key barrier to implementing an EDM solution is perception. Many respondents with an EDM solution report significantly fewer concerns than those considering a solution.
  
  
• 63% of respondents say that the ‘paperless ideal’ would mean that 80 – 100% of all documents and reference materials are managed ‘electronically’. 29% of respondents report having achieved this ‘ideal’ state.
  
  
• Almost two thirds of respondents expect to be using an EDM solution to manage documents and reference materials within the next 3 – 5 years.