Alphatrac for Global Tracking

Global Tracking 

Tax is higher on the corporate agenda than it has ever been, and is receiving an increasing amount of focus from Boards, Investors and Revenue authorities. Although businesses have invested huge sums of money in financial systems and processes, tax has usually been excluded from this. Alphatrac is designed to revolutionise the management of corporate tax and integrate it into other mainstream business processes.

Alphatrac was designed from the outset to integrate advanced web-based data collection tools with process management functionality. As such it brings unprecedented levels of risk management and efficiency into corporate tax processes. It is based on web technology and facilitates a unique level of visibility at all levels within an organisation.

Alphatrac has three key components. iTrac is the process management part of the system. It defines what the processes are, what the outputs from the process are, who is responsible and when. The system supports multiple processes (e.g. computations and tax provision) and can be configured to an organisation’s precise requirements.

iPac is possibly the most revolutionary part of the system. It brings together in a single module tax pack-style data entry coupled with accounts integration. Being web-based ensures easy distribution and enables data to be collected globally as easily as from the person at the next desk! Authentication checks and the ability to create divisional iPacs provide further benefits.

The iPac approach recognises that different subsidiaries have different accounting systems and degrees of sophistication. The corporate centre defines the information to be collected but delegates the sourcing to individual local users. iPac is tightly integrated into iTrac so that the status of each iPac is always visible and managed as part of the process.

The data collection part of iPac is built around the structured approach of Accounts Analysis. The importation of this information into Alphatax is automated and this facilitates the export of information to other systems.

The Corporate Fiscal Management (CFM) database lies at the heart of the system. This contains both numerical information and process status data.

iView enables this information to be accessed easily, either through a graphical and easy to understand management dashboard or through more conventional detailed reports. Individual users can focus on the information that is pertinent to them at a particular point in time whilst ensuring that they are always alerted to impending problems and deadlines. It also gives senior management an unparalleled insight into the management of their organisation’s tax affairs.

Alphatrac is a web-based system and as such is easy to roll out globally. We even offer a hosted solution from a secure location so that organisations can start using Alphatrac within hours of deciding to proceed.

For more information or to book a presentation, please contact us and ask to speak to a member of our new business team.