The creation and management of tax documents based on structured and unstructured data typically requires extensive programming to create a “developer-centric”, “one-off” tax planning environment—with static sheets and hard-coded rules
Internal experts often rely on Excel to define the complex business rules and formulas, but it’s a challenge to maintain and distribute updates to users without programming as Excel does not possess a scalable and maintainable capability to tailor the workbook environment to specific tax requirement data needs, resulting in a one size fits all approach that hampers usability and performance. These challenges called for an innovative technology platform that takes current file sharing and relational database technologies to the next level.