Hi This is sandi from gtechnologiesin
Location: Houston, TX Length: 7.31.2011 Rate: $ 80/hr PROJECT DESCRIPTION "The US tax provisioning processes outside of Downstream and Trading rely on the Argonaut application. This application runs on obsolete infrastructure and represents a serious risk of asset integrity failure. The consequences of such a failure are potentially significant, including substantial penalties for incorrect returns, funding shortfalls and reputational issues with the US tax authorities. A study in 2009 recommended that work must be undertaken to remove the risk of this failure. The US tax provisioning processes in Downstream (excluding Chemicals) and Trading are not currently supported by a dedicated application. Instead, numerous spreadsheets and manual interventions are required to file the required returns. These interventions are heavily dependent on the tax knowledge of the individuals involved. The resolution of the issues relating to the US tax provisioning automation are of the Manage Direct Tax project. The main objectives of this project are to implement global tax provisioning processes, introduce a tax chart of accounts into the strategic ERPs and implement the Longview application and Finance Data Warehouse to support tax provisioning calculations and reporting. The successful execution of the Manage Direct Tax project will resolve the specific US issues detailed above. In 2009 the Manage Direct Tax project implemented the Longview application in Germany, Oman and UAE. However, in quarter 1 2010 further implementations of Longview in Shell were stopped because of concerns around its costs, benefits and overall economics. Work done before the implementations of Longview were stopped had shown that the US tax provisioning requirements are , when compared to other tax regimes, more onerous, require a greater level of detail, an increased frequency of reporting and a higher degree of accuracy. These factors mean that migrating these processes to Finance Operations without a dedicated application represents an unacceptable level of risk to the US Tax and Controller leadership. US Tax Provisioning Project Following the decision to stop further implementations of Longview, an assessment was made of the potential options available to the US. This study recommended that US tax Provisioning Project be established to implement the global tax provisioning processes and applications in the US. project will fall within the scope of Manage Direct Tax but will have its own Decision Review Board and Project structure. The Project will involve: a) Extending the global tax provision processes and updating supporting applications, including Longview and Finance Data Warehouse, to meet specific US requirements b) Updating the seven ERPs used in the US to include the Tax chart of Accounts c) Completing the mapping between the seven ERPs and the information required to perform the provisioning d) Providing training and support to end users to allow them to effectively operate the global processes e) Replatform Argonaut, Energy Tax Module (ETM), Ajax (Tax book of records), A9 (Reporting Application) and Argo-X (Data Repository for Federal Audit Support – Contains detailed GL data from all ERPs). This recommendation was supported by the Manage Direct Tax DecisionExecutive and endorsed by TaxCom. This investment proposal seeks funding for the US Tax Provisioning project. The project is estimated to cost $13.8m and will have the following objectives. 1. Eliminate a high risk of asset integrity failure by replacing the existing US tax provisioning applications 2. Implement the global tax provisioning processes Enable a reduction in the amount of effort required to operate the tax provisioning processes 3. Enable the transfer of the US tax provisioning activities to Finance Operations 4. Replatform Argonaut, ETM, Ajax, A9 and Argo-X. 5. Reduce the long term cost of ownership of the tax provisioning applications across the Group Thanks & Regards sandi Recruiter G Technologies Inc. 4340 Stevens Creek Blvd, San Jose, CA 95129. Tel: (408)-414-2032 Ext 205 Fax:408-716-8873 [email protected] www.gtechnologiesinc.com -- You received this message because you are subscribed to the Google Groups "Dot Net Discussions" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/dot-net-discussions?hl=en.
