Tax Systems Project

April, 2011

Timing & Approach

The ChallengeNeed to balance between achieving the stated objectives of the Tax Systems Project (TIS replacement by Year End) with input & activities from the Tax Department’s Project Teams.

• Rationalize & Streamline …• Replace TIS by Year End

• Tax Accounting• Tax Planning• Tax Compliance• Data Management• Tax Controversy

Specific Year End DeliverableSpecific Year End Deliverable Ongoing Process Ongoing Process ImprovementImprovement

Universe of Data Management Issues

Data Management & Projects

DataQuality

2011Tax Systems

Project

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Management Projects

Each Project Makes Small Improvement To Overall Data ManagementEach Project Makes Small Improvement To Overall Data ManagementEach Project Makes Small Improvement To Overall Data ManagementEach Project Makes Small Improvement To Overall Data Management

Types of Data Problems

Process Improvement Activities

Coordination of Tax Systems & Continuous Improvement

TIS Replacemen

t

• Moves Tax to supported platform – avoids potential disaster with TIS

• Accomplishes “step” process improvement in 2011

– Eliminates many interfaces/data challenges

– Integrates Provision/Compliance– Improved tool (functionality)

• Provides flexible platform to accommodate Continuous Improvement activities (e.g. changes in source data)

• Meet’s Stated Objective of Domestic Provision (TIS) / Domestic Compliance Solution

“Step” improvements in processes, data, productivity

2011 2012 2013

Platform Recommendation Process

ID Areas that may have requirements & the

appropriate POC to work with.

Define & Document

FinalRequirement

s

Vendor Demos / Discussions

Vendor Follow-Up

Discuss any additional requirements/needs – Add’l meetings/demos if necessary.

Recommendation

Team Analysis

March 22 March 22 Requirements Requirements Update MeetingUpdate Meeting

• OneSource - 3/24• CorpTax – 3/31.

Ongoing Process Improvement Activity with Compliance, Tax

Accounting , Planning and Data Teams.

Initial considerations from ongoing Process Improvement Projects.

Approximately End of April

Input from Process Input from Process Improvement teams at Improvement teams at various stages in Tax Systems various stages in Tax Systems ProjectProject

RFI Requirement

s

ID Additional Requirements

ID Undefined Requirements

Platform Evaluation

Evaluation

A&EPhoenix

Provision RFI

Rich History ofBackground Data

Halliburton SubjectMatter Experts

ReferencesKPMG StudyKBR Site Visit

External Data

CorpTax OneSource

1. Software Functionality2. Integration3. Software Company4. Project Complexity/Risk5. Cost (TCO)6. IT Considerations

Evaluation Criteria:

RecommendationRecommendation

Tax DepartmentFunctional

TeamsStaff Input

Vendor Demos & Workshops

High-Level Implementation Steps

• Project Planning / Scheduling

• Vendor Negotiation

• Procure Products / Services

Recommendation Planning Configuration /

Implementation Test / Debug Rollout

• Data Interfaces• Workflow• Security• Tax Functionality (Exception reporting,

automated adjustments, etc.)

LIVE !

• Installation• Training• Parallel

Ongoing Process Improvement (CI) Activity with Compliance, Tax Accounting , Planning and Data Teams.

Input From CI Activities To Be Incorporated Into Planning & Implementation Input From CI Activities To Be Incorporated Into Planning & Implementation of 2011 TIS Replacement Projectof 2011 TIS Replacement Project

Input From CI Activities To Be Incorporated Into Planning & Implementation Input From CI Activities To Be Incorporated Into Planning & Implementation of 2011 TIS Replacement Projectof 2011 TIS Replacement Project

4Q 2011May-Sept. 2011Approximately

End of April

Input from Process Improvement teams at Input from Process Improvement teams at various stages in Tax Systems Projectvarious stages in Tax Systems Project

Staff

Ongoing Process

Process Improvement Activity with Compliance, Tax Accounting , Planning and Data Teams.

20112011 20122012 20132013

Each Year Tax Systems Activities Are Coordinated With Opportunities Each Year Tax Systems Activities Are Coordinated With Opportunities Identified Through Compliance, Tax Accounting, Planning & Data TeamsIdentified Through Compliance, Tax Accounting, Planning & Data TeamsEach Year Tax Systems Activities Are Coordinated With Opportunities Each Year Tax Systems Activities Are Coordinated With Opportunities

Identified Through Compliance, Tax Accounting, Planning & Data TeamsIdentified Through Compliance, Tax Accounting, Planning & Data Teams

Data Management & Projects

SOURCINGISSUES

TIMINGPROBLEMS

DATAQUALITY

PROCESSISSUES

FITAutomation

Data Management & Projects

DataQuality

Tax SystemsProject

2011

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