Closed Loop Income Tax Reporting

License Thompson Reuters API to create a linkage between tax reporting software, Onesource Tax Provision, and Oracle. Would enable automatic ingestion of GL and trial balance data and eliminate manual processes that are used to ingest data from Oracle and export data (including tax journal entries) to Oracle from tax software. These manual processes are time consuming during a time sensitive period during quarter and year end reporting. Management has expressed heavy focus on shortening our quarterly close process and shortening time period from close to release of financial statements. We plan to engage EY in the development and integration consulting and have attached the closed loop process steps for integration.