Logo - Keyrus
  • Playbook
  • Services
    Data advisory & consulting
    Data & analytics solutions
    Artificial Intelligence (AI)
    Enterprise Performance Management (EPM)
    Digital & multi-experience
  • Insights
  • Partners
  • Careers
  • About us
    What sets us apart
    Company purpose
    Innovation & Technologies
    Committed Keyrus
    Regulatory compliance
    Investors
    Management team
    Brands
    Locations
  • Contact UsJoin us

Automating tax processes for an international bank

2

weeks per month of manual effort saved

5

monthly average mistakes eliminated

Background

A multinational financial services organization turned to Keyrus for assistance in improving their data processes as well as how they present their analysis.

Challenge

The organization wanted to improve the process for real-time tax provision forecasting. Prior to this project, the process required significant manual time for creating visuals in Excel, manually analyzing and checking to see the largest variances, and then highlighting those in an ad-hoc section of a PowerPoint. This was long, tedious, manual, error-prone work, and it was expected to be done monthly.

Approach

• Created an automated, repeatable process using Alteryx to ingest the data from the different teams and create a data source that the new Tableau dashboard would connect to directly • Created a Tableau dashboard to highlight tax variances, enabling users to drill into details to understand the drivers of these variances • Trained the internal team to ensure they could support the new solution

Key results

01
Removed the need to format and manually build the report each month
02
Significantly reduced the risk for human error in reporting
03
Increased efficiency for end users

Benefits

The resulting process is more efficient, scalable, and has a much lower risk for human error. The company saves two weeks per month of manual effort and eliminated the average five monthly mistakes that slowed down reporting. The c-level can also drill into the numbers to better understand forecasting changes without relying on the operations team to take time to explain results. Overall, the organization has significantly more confidence in their data.

Technology partners

Alteryx

Alteryx automates analytics, data science, and processes in one unified platform to accelerate digital transformation. Organizations rely on Alteryx to rapidly upskill their workforces and deliver strategic, high-impact, business outcomes.

120+

certified consultants

8+

years of partnership

Share this key play

whatsapptwitter
linkedinfacebookworkplace

More key plays

Transforming ESG Reporting: Automating Metrics Collection with Databricks Integration
Successfully Implementing SFDR & EU Taxonomy for a Global Asset Manager
Boost sales with targeted marketing campaigns and multi-channel communication
Using Alteryx to automate processes at an international bank
Modernizing investment performance services through data governance
A centralized platform for demand, scenario, gross margin, and sales & operations planning
Supercharging growth strategies with integrated FP&A and workforce planning
Transform financial reporting and planning with real-time visibility into the business drivers
Boost clarity: align revenue assumptions and headcount forecasts
Revolutionising Manufacturing Data: A Cloud-Based Data Warehouse Solution
Logo - Keyrus
London

One Canada Square Canary Wharf London E14 5AA