Tax Provisioning Blueprint Overview - PV6.2.0 SV300

The following blueprint is compatible with OneStream Platform v8 and will be moving to OpenPlace in July of 2024.

The OneStream Tax Provision blueprint provides a framework to streamline the tax provision computing national and local for both current and deferred taxes under US GAAP as well as providing related workflows and reporting, all within the OneStream Platform. It is a full application that provides an accelerated path to building out what will be a customized OneStream Financial Model.  It allows companies to leverage the OneStream platform capabilities and existing OneStream data to automate tax provision related flows of data and reporting. 

New with this release, we are including functionality that addresses interim reporting and computational requirements, computing annual effective tax rates for interim periods and distinguishing discrete items for exclusion from these calculations.

As the blueprint provides the framework for the Tax Provision calculations, it is intended to provide a starting point in the creation of a custom implementation.  This blueprint is therefore NOT UPGRADEABLE.

The Tax Provision blueprint is installed with OneStream Financial Model Applications but utilizes its own distinct cube providing the ability to leverage Financial Model data already in OneStream while allowing organizations to manage separate and distinct data and Workflows.  

Tax Provision takes advantage of the inherent capabilities of the OneStream Platform, including configurable workflow management, ability to trace data, flexible and powerful consolidation capabilities, flexible and accurate translation capability, and the ability to manage multiple levels of detail to support differing business needs. Tax Provision also takes advantage of other capabilities of the OneStream Platform, which enable integration with other tax data sources, local ledgers, and other financial systems.