Manufacturing
How PTMS benefits you
- Automates all aspects of personal and real property tax compliance
- Optimizes your allocation of workforce resources
- Increases tax return accuracy and shortens return filing times
- Proactively manages property tax tasks and deadlines
- Helps users pay more bills in less time
- Streamlines audits
- Improves the speed and accuracy of accruals and forecasts
- Minimizes taxable value by eliminating non-assessable costs and capitalizing on abatements and exemptions
PTMS solution features
- Provides tools to break out non-assessable costs, such as software, installation, and sales tax, from assets
- Eliminates redundant annual cleanup
- Split assets into multiple categories and ages, or across multiple returns
- Identifies asset changes, including transfers, new acquisitions, cost changes, and disposals, automatically upon import
- Built-in abatement and exemption tracking and calculations
- Calculate complex values, manage accounting or accrual processes, or generate reports using external data by pushing data in and out of Microsoft Excel without needing to import/export
- Access to information, including tax returns, calculation tables, tax rates, and due dates, from thousands of jurisdictions
- Auto-populates jurisdictional facsimile forms with your data
- Calculates asset values using a combination of assessor calculation tables, exemption or abatement rules, idle equipment factors, and other user-defined calculations
- Receive alerts for missing or over-assessed value notices and tax bills
- Track all appeal events, results, and costs using appeal management tools
- Available Optical Character Recognition (OCR) tools eliminate data entry for inputting value notices and tax bills
- Easy-to-use tax payment process allows for automatic feeds to any AP or AR system
- Allocation functionality apportions tax amounts to asset records for easy customer invoicing, division, or cost center accounting
- Generate accruals and forecasts at any level, e.g., state, plant, cost center, division, and tax bill
- Auto-updates accrual “true-ups” and journal entries upon new property, new values, new tax rates, or new tax bills
- Role-based security; comprehensive audit log ensures data integrity and Sarbanes–Oxley compliance
- Access status reports, analytics, and custom KPIs from anywhere, anytime
Advanced functionality for PTMS
How does this help my business?
